Filing annual tax returns and ensuring accurate financial records can determine the performance of your business as it was. However, they don't often tell your business's future. For this reason, it's imperative to combine strategic thinking with professional financial expertise to achieve meaningful business growth.
It's wise, therefore, given the limited resources and time, for you to enlist the services of an experienced accountant. Ideally, accountants are more experienced in dealing with business challenges than other management team members.
Some owners of small businesses may not get all the possible benefits from the accountant that they have hired due to the business owner's inexperience in working with accountants. Below are some questions that you should ask your accountant so that you can benefit more from your relationship with this expert.
How Can I Keep My Cash Flow Healthy?
Some businesses can collapse prematurely due to having an unhealthy cash flow position.
Retirement planning is something not many people think about – at least until retirement age looms near enough to seem real. In truth, though, it's something everyone would benefit from dedicating a bit of time to, no matter how far off actual retirement may be.
When you've spent your whole life working hard, it's important to ensure you have enough money to enjoy life to the fullest when you can finally call it a day.
An increasing number of Australians have had enough of punching the clock and have decided to branch out on their own. If you are one of their number, this can be an exciting time, with a lot of potential and the opportunity to craft your own future. However, there is a fair amount of paperwork involved and a number of different taxes to consider. If you want to keep on the good side of the ATO, what do you need to know about your tax obligations?
Running a restaurant can be an especially rewarding experience, but it also comes with a set of challenges and risks you need to overcome in order to taste success. Failure to insure your restaurant against certain types of risks can put your business in a perilous state because you'll end up being liable for thousands of dollars. Here are some types of risks you need to insure your restaurant against: