Why your small business should be using invoicing software

The benefits of using Invoicing Software are pretty obvious! With Cashflow Manager, you can create invoices quickly and easily, but there are also little extras that will help your small business to become more efficient, and will give you insight into your business and customers. The first benefit is, that after creating it, your invoice can be sent immediately. And, you can choose whether to print it or not. You could choose to be completely paper free and send the [...]

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It’s a matter of time: how accounting software can save your small business hours of work

In business, time is money and anything that is taking you away from growing your business is costing you! Cashflow Manager small business accounting software saves you time by being easy to use. You can get started managing your business accounts straight away and you won’t have to spend weeks learning to use it. It will help you to enhance business processes, reduce mistakes and help complete tasks more efficiently. Many businesses still prepare their accounts using excel which is [...]

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4 reasons to use online banking in your small business

Online banking offers a very welcome change from sitting down for hours to physically balance your cheque books and dealing with the errors that come from hand-written ledgers. It has now become so easy to manage your finances online… If you want to know how online banking can benefit you and your business, we have put together four reasons to use the Internet to manage your money. 1. Convenient Thanks to the Internet, our society has become incredibly impatient – but really, [...]

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4 Advantages of using payroll software in your Small Business

Employee costs are one of the largest expenses for small businesses, and having control over this element is essential for your growth and success. There is a fair bit of work involved in organizing paychecks and ensuring that you are contributing the right amount to taxes, superannuation and various other funds. With our payroll accounting software within Cashflow Manager Gold you can quickly and easily pay your employees. Here are just four of the many benefits of using payroll software for small [...]

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The Beginner’s Cheat Sheet to Small Business Taxes

It you are starting up your own business, you need to get a grasp on your tax terms pronto!  Here are some terms you will have heard thrown around: GST: Goods and Services Tax And with GST comes your BAS:Business Activity Statement. PAYG: Pay as you Go withholding and installments Let’s break it down… GST (Goods and Services Tax) GST is a tax which is based on the transactions made within a business, sales and purchases. There are some sales and purchases that may [...]

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Fringe benefits tax – what small business owners need to know

As a small business owner, you need a good understanding of which taxes apply to you right from the start. One tax that can be incredibly confusing for business owners with employees is fringe benefits tax (FBT). Let’s have a look at what FBT is, how you can prepare for it and what upcoming changes to the tax may affect your business. A fringe benefit is a benefit that an employee or their associate (spouse or child) receives because of [...]

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6 things small business owners can learn from the Winter Olympics

The Sochi Winter Olympics has been a masterclass on how to set goals and work to achieve them. The perseverance, time and dedication displayed by the talented athletes are inspiring and somewhat similar to what entrepreneurs do. Therefore I have drawn some parallels and found six things that the 2014 Sochi Winter Olympics can teach small business owners. To Reach Your Goals You Have to Put in the Hard Work Thousands of hours have gone into the training and [...]

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6 small business tips to help you plan for the new year

The silly season is almost upon us and 2014 is only weeks away. This period can be crazy for many small businesses, with staff absences, increased business activity, and extended trading hours. Business owners need to have a plan in place to kick off the new year in the best way possible. Review Your Products and Services Can you repackage or arrange promotions to make your products and services more attractive to changing customer needs for the holiday and new year [...]

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What you need to know about Taxable Payments Reporting

On July 21, 2013, businesses in the building and construction industry will have to submit their first taxable payments annual report to the ATO. The report outlines how much these businesses pay to contractors for building and construction services in the 2012-2013 financial year. The ATO’s aim is to improve tax obligation compliance by contractors who aren’t currently doing the right thing. As with any new tax legislation, it’s important for businesses to check they’re keeping the correct records. If [...]

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The small business guide to a stress-free end of financial year

The end of the financial year can be a stressful time for small business owners due to the reporting obligations you have to take care of as a business.  You have commitments to the ATO that you need to meet and information you need to give to your accountant. It can be especially daunting if there are new laws or regulations that apply to running a business. There are a few changes coming into effect on July 1 2013 which [...]

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