Starting a new business is an exciting chapter in any person's life. In the 2020 financial year, 344,472 new businesses opened in the Australian market. The opportunity to work for oneself and decide one's working destiny are the main reasons for new small business commencement. However, without solid professional support, many new businesses fail. Business accountants are critical to the success of all operations, and here are four things they want you to know as you embark on this new journey.
27 January 2022
It is not hard to get excited when planning everything about your new home, but during this time period, it is important that you contact all the right professionals who are going to make sure your building is a success. While most people will obviously remember to contact an architect, engineer, construction company and so on, a lot of Australians forget to include a quantity surveyor in their planning phase. If you want to make sure that you have all the vital information correct when designing your building, then it is important you include a quantity surveyor, and here is why.
15 September 2020
Small businesses are the biggest culprits when it comes to tax issues with the ATO. In most cases, negligence and poor planning may cause your business to pay fines, liens and other penalties associated with incorrect or delayed tax filings. The good news is that you can future-proof your tax workflows to avoid delays and the stress that can make you pull your hair out. Simple tips such as planning early, taking advantage of technology, and auditing your books can help you prepare your taxes better and on time.
21 January 2020
Life can be unexpected, and this is why the insurance industry is one of the largest in the world. Insurers provide that crucial "peace of mind" for those who provide a product or service to others so that they can ply their trade with protection. Some industries are more unpredictable than others and construction, in particular, is one of the most dynamic. After all, the contractor may start off with a piece of virgin land and be expected to go through many different stages, as they create the structure in question.
11 July 2019