Are you looking to buy an asset for your business? If so, figuring out the potential impact on your financial statements before making the purchase would be a wise move.While small items like calculators and stationery are expensed in the year they’re purchased, the cost of fixed assets are depreciated...
Category: Business cashflow
What you need to know about Capital Allowances
Not claiming the full capital allowances you’re entitled to is like throwing money away. Capital allowances can offset your business income and reduce the amount that ends up in the tax man’s pocket.That’s why it’s important to stay on top of this tax area. To help, we’ll run through a capital...
Small Business Grants NSW
For businesses operating in or looking to expand operations to NSW, there are multiple NSW Small Business Grants available. These grants and programs can support businesses in a variety of ways. Dive into this article where we’ll be providing a summary of the various Small Business Grants NSW that are...
Ongoing COVID-19 Grants and Business Support
Updated 18 October 2021COVID-19 GrantsIn response to the natural disasters and COVID-19, the NSW and National Government have multiple ongoing support grants and programs. As of March 2021, the following programs are still available:National COVID-19 GrantsSME Recovery Loan Scheme (closes 31 December 2021)Travel Support Program (closed)NSW COVID-19 GrantsBusiness Grant (closed...
Accounting for hospitality: 7 serious red flags
As restaurants, pubs and hotels slowly find their way back to pre-COVID trade levels, it’s no exaggeration to say there’s little room for financial mistakes. This makes accounting and financial analysis in the hospitality industry more important than ever. Yet most owners are wearing too many hats to really focus...