As a tradie and a business owner, you have to split your time between your business and your customers. With these accounting strategies, you can boost profitability without compromising service. Tradies are in the service industry. You’ve built your entire reputation on providing quality work to your clients. Now, you’re building a business based on […]
4 Accounting Tricks to Improve Cash Flow in Your Real Estate Agency
A real estate agency is like any other business. You need to maintain a positive cash flow to grow. These clever accounting tricks will help you to do just that. Poor cash flow will damage any business. In a real estate agency, it may cause issues with payment to agents. Plus, it could limit how […]
Structuring a Trade Business (And the Tax Tips That You Need to Know)
Tradies have valuable services to offer to their clients. However, it’s crucial that they put the same care into structuring their businesses as they do into their work. Those working in a trade build their businesses on the quality of their service. If a plumber doesn’t do a good job, they don’t get recommended to […]
Demystifying Law Firm Structure and Registration in Australia
How should you structure your law firm? With the information in this article, you’ll be able to make the right choices. In 2017, BDO Australia released a report on law firm structures. In it, they quoted a law firm business leader who said: “Ten years ago, law firm managing partners would have said that law […]
How Tax Applies to Property Transactions: GST & CGT Explained
Are you confused about Capital Gains Tax (CGT) and Goods and Services Tax (GST)? This article explains how they apply to property. Though the property market is undergoing a rough patch in 2019, it’s generally seen a boom over the last few years. This has led to many people becoming interested in investment and development. […]
Requirements for Legal & Solicitors’ Trust Audits
Are you worried about complications related to trust accounting? This article examines the rules that you need to follow and demystifies the process. In trust accounting, you’re conducting bookkeeping that’s related to trust transactions. In simple terms, this means you record the payment and receipt of somebody else’s money into the trust. You do this on […]
