Business-Building Resources
Why sole trader operations are risky business
I have been meeting many business owners of late who are trading as a sole trader and it makes me cringe. My first question is WHO advised you to do this? And most times, the answer is, oh I did it...
2019/2020 Budget Highlights
This year's budget announcement last night (2nd April 2019) was definitely set towards re-election. With exception for the increased investment in infrastructure, it's a 'safe' budget. We do however need to note - none of the budget announcements have been set in...
Adding Products in Cliniko + Xero
Cliniko is a great piece of software for therapists and when integrated with Xero, it can be powerful in driving your business forward. You do, however, need to do a little bit of maintenance after the first integration that will make life happy in the long run....
Transition to Company from Sole Trader or Partnership
Have you got an established business as either a Sole Trader or Partnership and your Accountant has suggested you transition to a Company structure? Now, the reasons why they've suggested the switch might be for very good tax reasons. We see many Tax Accountants are...
Xero Accounting GST on Imports
Sometimes, you need to get your stock from overseas and in order to import, you'll pay GST to the shipping company who acts as your Australian customs agent. This Tips & Tricks post shows you how Xero Accounting GST on Imports is completed properly. This is...
Increase CBA Netbank Daily Limit
Doing batch payments are great, but sometimes, you need to increase your payment levels if you have big bills to pay such as your BAS or superannuation. We recommend you increase and decrease your online bill limits as and when you need them. This is to help safeguard...
3 Simple steps to add Super Fund to Xero file
Setting up payroll in Xero can be tricky. If you are new to Automagic Super payments, you'll need these three simple steps to add a super fund to your Xero file. Add Super Fund to Xero File first Before you add superannuation details to an employee it is important...
Adding Products in Cliniko + Xero
Cliniko is a great piece of software for therapists and when integrated with Xero, it can be powerful in driving your business forward. You do, however, need to do a little bit of maintenance after...
Transition to Company from Sole Trader or Partnership
Have you got an established business as either a Sole Trader or Partnership and your Accountant has suggested you transition to a Company structure? Now, the reasons why they've suggested the switch...
Xero Accounting GST on Imports
Sometimes, you need to get your stock from overseas and in order to import, you'll pay GST to the shipping company who acts as your Australian customs agent. This Tips & Tricks post shows you...
Increase CBA Netbank Daily Limit
Doing batch payments are great, but sometimes, you need to increase your payment levels if you have big bills to pay such as your BAS or superannuation. We recommend you increase and decrease your...
3 Simple steps to add Super Fund to Xero file
Setting up payroll in Xero can be tricky. If you are new to Automagic Super payments, you'll need these three simple steps to add a super fund to your Xero file. Add Super Fund to Xero File first...
2018/2019 Federal Budget and the impact for you
The 2018/2019 Federal Budget was released on 8th May 2018 I can tell you, I got plenty of weird glances at the gym last night as I was pushing heavy weights and saying "yes" with my fist pumped as I...
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Why sole trader operations are risky business
I have been meeting many business owners of late who are trading as a sole trader and it makes me cringe. My first question is WHO advised you to do this? And most times, the answer is, oh I did it myself it was easy, I just registered an ABN and off I went, or my...