Running a successful construction firm demands skills in planning and managing finances. This is where construction accounting software comes in! You can use construction accounting systems to track money coming in and out and determine the profitability of different projects. You can also forecast your ability to pay bills and...
Month: March 2021
How to pick the best manufacturing accounting software
The manufacturing accounting process is complicated whether your operation is big or small. These days, many businesses have turned to manufacturing and accounting software to streamline processes and gain deeper operational insights. But if you’re still stuck on using Excel spreadsheets to understand what’s going on, then you’re at risk...
The SME Recovery Loan Scheme can help your business
In October 2020, the Australian Government rolled out the Coronavirus SME Guarantee Scheme Phase 2 targeted at SMEs receiving JobKeeper. The Government has now announced a new SME Recovery Loan Scheme that will allow lenders to provide cheaper credit and allows SMEs to access funding they need to recover and...
Sole Trader Tax Deductions & Tax Rate
As a sole trader there are many items you may claim as deductions to offset your operating expenses and reduce your taxable income. In this article we will cover what you can and cannot claim as sole trader tax deductions, the sole trader tax rate, how to pay tax as...
Early-Stage Innovation Company (ESIC) Eligibility
What is an ESIC - Early-Stage Innovation Company? As a small business or start-up looking to expand, you may qualify as an Early-Stage Innovation Company or ESIC. This initiative was launched in 2015 to drive local investment, promote economic growth and innovation within the Australian business ecosytem. What are the...