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July 19, 2022

3 Things You Aren’t Doing Right When Raising Business Funds

Melbourne start-ups face many challenges but perhaps nothing else in this list is more daunting to most founders than raising money. But what can you do, you need funds when you’re starting a business and possibly more when looking to expand. Most of the time, using personal savings isn’t an option and you’d rather ask from lenders or investors than from family and friends. Money, after all, can be a sensitive issue and you want to avoid that in your circle. In raising business funding, making sacrifices isn’t unusual – and so is making mistakes. However, if you are not open to fine-tuning your strategy, you will just find yourself back in rejection zone. Below are five of the most […]

June 15, 2022

Choosing the Right Bookkeeper Melbourne

Finding the right bookkeeper Melbourne can make all the difference for your small business. A great bookkeeper Melbourne can have a positive impact on how you feel about the financial aspects of your business. They can also take care of a multitude of details while you go about running and growing your company. When it comes to experience and expertise, bookkeepers come in all shapes and sizes. Most bookkeepers in Melbourne do not have formal certifications like CPAs do, and most do not have any college accounting hours. To find a qualified bookkeeper—as well as one that’s a good personality fit for your business—here are a few tips to guide you during the selection process. Depth and Breadth of Accounting […]

May 22, 2017

3 Things You Aren’t Doing Right When Raising Business Funds

Melbourne start-ups face many challenges but perhaps nothing else in this list is more daunting to most founders than raising money. But what can you do, you need funds when you’re starting a business and possibly more when looking to expand. Most of the time, using personal savings isn’t an option and you’d rather ask from lenders or investors than from family and friends. Money, after all, can be a sensitive issue and you want to avoid that in your circle. In raising business funding, making sacrifices isn’t unusual – and so is making mistakes. However, if you are not open to fine-tuning your strategy, you will just find yourself back in rejection zone. Below are five of the most […]

April 5, 2017

Recent Changes to Fringe Benefits Tax

Fringe Benefits Tax (FBT) is due at the end of March, but there have been some changes made to how it’s calculated this financial year. Here we take a look at what these changes are, and how they could affect you and your business. Who pays FBT? Your employer pays FBT on your behalf, if you receive fringe benefits as part of your employment. Fringe benefits are only judged to be reportable if they are not included in your salary payments and amount to over $2,000 for the financial year. Your reportable fringe benefits have to be shown on your annual payment summary. Fringe benefits of your job can include: Company car Health insurance premiums School fees or childcare costs […]