Accounting

SME $20,000 “instant” asset tax write-off explained – and it applies to second-hand assets too

June 2, 2015 By BMN

The 2015-16 federal budget announcement that small businesses (i.e. businesses with aggregate annual turnover less than $2 million) would be able to immediately write off assets they start to use or install ready for use, provided the asset costs less than $20,000 has been widely welcomed. Read the following article to understand the implications for your business: http://www.smartcompany.com.au/finance/tax/47014-sme-20-000-instant-asset-tax-write-off-explained-and-it-applies-to-second-hand-assets-too.html

This article was suggested by our mentor Bob Joubert

Seven reasons why you should love your numbers

April 28, 2015 By BMN

It can be easy as a new business owner or startup operator to fall in love with what you’re doing while ignoring the underlying numbers that will make or break your venture. Read the following article to see some reasons why you should love numbers too!: http://www.smartcompany.com.au/finance/46235-seven-reasons-why-you-should-love-your-numbers.html

This article was suggested by our mentor Bob Joubert

‘Lead by the numbers’: Larry Kestelman’s advice to fellow entrepreneurs

April 14, 2015 By BMN

Dodo Internet founder and venture capital investor Larry Kestelman says start-ups often fail because they grow too fast without a firm grasp of the numbers, and entrepreneurs need basic accountancy skills.

Read the full interview here: http://www.brw.com.au/p/entrepreneurs/lead_by_the_numbers_larry_kestelman_copkGIWD9jbW6dEvKKT8pL

This article was suggested by our mentor Lyn Wrigley

Eight easy cash flow tips for your business

March 17, 2015 By BMN

Having a cash flow budget in place is the best way to manage and monitor cash as it flows through a business. Read the 8 tips to help your cash flow here: http://www.smartcompany.com.au/finance/cashflow/45314-eight-easy-cash-flow-tips-for-your-business.html

This article was suggested by our mentor Bob Joubert