Small Businesses Ideas for Australians Who Are Wanting to Work for Themselves
If you are considering the idea of starting a business in 2022, it is important to take the new normal into account. The covid-19 pandemic has changed so much about how people consume products and services. It is important to keep up to date with consumer trends and to create a small business that has […]
How to Know When It’s Time to Close Your Business
A large number of Australian businesses have been forced to close their doors with good over the duration of the covid-19 pandemic. As a business owner knowing when to quit will likely save you further heartbreak and also plenty of money. Starting a business is tough and it can be even tougher closing it both […]
The ATO Plans to Auto-Call ABN Cancellations
The Australian Tax Office (ATO) has announced that Australian Business Number (ABN) holders or their accountants might be contacted by the tax office during the months of November and December 2021 as it moves to automate its ‘intent to cancel’ program. ABNs can be selected for the cancellation program if the tax office cannot detect […]
Signs That It Might Be Time To Change The Direction Of Your Business
Launching a new business is extremely difficult and knowing when something is not working is even more difficult to navigate or to come to terms with. Many people out there who end up getting stubborn and as a result of this try to convince themselves to believe that they have the right business idea and […]
Accountants Encouraged to Talk to Their Clients About Business Closures
Accountants across Australia have been encouraged to raise the issue of business closures with their clients as ongoing lockdowns are quickly resulting in the death of a number of businesses. Recently published data shows that business defaults have increased by 20 percent over the past month. Averaging an increase of 10 percent over the last […]
Australia’s Current Insolvency Rate Is Much Lower Than Anticipated
A recently published survey has found that the current insolvency rate for Australian business is running at less than half the pre-covid levels. However, this might be a result of the ongoing lockdowns and border closures. Despite the winding back of government support packages, external administrations are still running at historical lows despite concerns last […]
Australian Businesses View Border Closures As A Major Concern
A recent survey has shown that border closures, recruitment issues and supply chain delays are anticipated to be the most significant pressures for Australian businesses over the next 12 months. 46 percent of respondents who participated in the survey believe that border closures will be a major factor in putting pressures on businesses, while 34 […]
Customers Are Urging Queensland Businesses To Go Green
Businesses across Queensland have been advised to act now to make sure that they meet customers and markets developing sustainability expectations so that they avoid being overlooked as the global economy shifts increasingly towards sustainable goods and services. Chamber of Commerce and Industry Queensland (CCIQ) chief commercial officer Alex Zafiriadis has announced that businesses that […]
How To Know If Your Business Is In Financial Trouble
Running a business can be full of challenges especially during the covid-19 pandemic when lockdowns can be implemented unexpectedly and the economy consequences of this can be severe. Here is a list of warning signs that could indicate that your business is headed for financial trouble. Major Clients Have Left Your Organisation Successful businesses will […]
The Benefits of Hiring A Business Consultant
A business consultant can be best described as a professional who works with clients on a large range of aspects with the purpose of trying to assist with improving, growing or maintain a company. A business works with business owners and managers to enhance the operations and efficiency of a business. The business consultant helps […]
