Category: Small Business Tips
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Unlocking Success: The Power of Peer Groups in Business Growth
I want to dive into the world of Peer Groups and how they can bring significant benefits to your business. Networking is crucial, but building a Peer Group takes it a step further by fostering deep connections with like-minded individuals who can provide valuable insights and support. In this blog, I want to explore the…
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Mental Health Month: Financial Goal Setting for a Positive Mindset
Hey guys, Nathan here, The Profit Generator. This month is all about Mental Health Awareness, and today, I want to talk about something that can truly transform your life: financial goal setting and its profound impact on your mental wellbeing. In a world where financial stress is all too common, taking control of your financial…
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Unlocking Success: The Power of Networking for Your Business
Hey guys, Nathan here. I wanted to chat to you about Networking for your business, and its benefits. So, let’s go! In today’s business world, networking has become an indispensable tool for fostering growth and success. It’s not just about exchanging business cards and shaking hands; it’s about building valuable relationships that can propel your…
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Dealing with Business Fraud: Your Action Plan When Suspicions Arise
Hey guys, Nathan here. Fraud in business is a serious matter that no one wants to face, but unfortunately, it can happen to even the most well-managed companies. As a business owner, it’s essential to know what steps to take if you ever suspect or realise that fraud is occurring within your organisation. In this…
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Franchise Freedom: 5 Ways It Boosts Your Business, and 5 Ways Your Accountant Guides You
Hey guys, Nathan here. I want to dive into a topic that could be a game-changer for your business journey: Purchasing a Franchise. It’s an exciting venture that offers many benefits, but before you take the plunge, it’s crucial to consult your accountant. Let’s explore the 5 benefits of buying a franchise and the 5…
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Claiming Work from Home Expenses on Your 2022/2023 Income Tax Return
Have you considered the new ATO requirements for recording your Work from Home hours? Did you know that there has been changes to the rates for Working from Home deductions? Hey guys, Nathan here, and as we start to get some enquiries to complete our client’s 2022/2023 Income Tax Returns, I thought I would revisit…
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5 Reasons to Consult your Accountant before Changing from Sole Trader to a Company
Here are 5 reasons to talk with your accountant before considering the change. In the world of small to medium-sized businesses in Australia, there often comes a point where the decision to transition from being a sole trader to establishing a company structure needs to be considered. Hey, Kathryn here. I wanted to discuss one…
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Starting a New Employee?
6 Compelling Reasons to Consult Your Accountant before Starting a New Employee Hello everyone, it’s Sue. I thought it might be a great idea at this time of year, to discuss putting on a new employee, and in this blog post, I thought I would highlight 6 reasons why contacting NGR Accounting before employing a…
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When should I talk to my accountant? When you’re Buying Big
Hey guys, Nathan here… I thought I would take some time to discuss Capital Expenditure. As a business owner, I know that making decisions on capital expenses can be challenging. It is essential to consider these expenses carefully as they can have a significant impact on your business’s financial health. This is why it’s important…
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What is PPSR? And Why is it Good for My Business
Hey guys, Nathan here. Recently, I was in a conversation with a Bookkeeper and a client, and we were discussing PPSR. It’s important for me to stay up to date with the latest regulations and practices that can impact the financial health of a business. One these is such practice that can be…
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Superannuation Guarantee Payments – What you need to know!
Hey everyone, Kathryn here. I wanted to highlight the importance of making your Superannuation Guarantee payments on time, and even more importantly, in advance of their due date. The Superannuation Guarantee Charge (SGC) can be a costly penalty imposed by the Australian Taxation Office (ATO) on employers who fail to meet their superannuation obligations. That’s…
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5 Reasons to contact your Accountant: Marriage Breakdown
Hey guys, Nathan here. I do want to talk about a rather sensitive topic, and as an Accountant I have seen first-hand that going through a marriage breakdown can be a difficult and emotional time. During this time, it is important to seek professional help to ensure that your financial affairs are in order. My…
