Take a deep dive into payroll, bookkeeping, and much more.
Good accounting practices play a major role in small business management because it helps you track the overall financial health of your company. Poor accounting, on the other hand, may hamper your business’s growth and success. Many startup companies handle accounting and bookkeeping themselves to save on overhead costs. But if you’re not well-versed in handling finances, you might be putting unnecessary strain on your business. In this article, we’ll share 10 accounting mistakes new businesses should avoid. 1. Doing … Continue reading “10 accounting mistakes new businesses should avoid”
After the year that’s been, those in the world of business are due for some well-deserved recognition (not to mention a celebration). That’s why the Xero Australia Awards are back for FY22 to acknowledge and share all of the hard work and resilience that went into FY21. This year, we have 13 major award categories in total, acknowledging the incredible variety of businesses in Xero’s community. Whether it’s a salon run by a ‘midlifepreneur’, a creative cloud accounting firm or … Continue reading “Top tips to ace the Xero Award nominations”
Being a manager isn’t easy. The technical skills a person relies on early in their career don’t always translate into the core skills needed to lead others. If they did, anyone could be promoted and adored by their employees. Of course, we know that’s not the case; toxic managers walk among us. Usually, a workspace stress is the direct result of having an ineffective leader. Take a look at these four types of toxic bosses you may encounter in your … Continue reading “4 Types of Toxic Managers & How to Deal with Them”
Practice Excellence Navigating the Future of Accounting
Fresh from the most recent round of state support for COVID-19-hit NSW businesses, there’s now an important expansion on the federal employee ‘Disaster Payment’ as well as additional business relief packages. This further extension of funds for employees who have lost work due to the lockdown is coupled with business relief packages and the announcement of an extension to Greater Sydney’s lockdown. New business relief package On 13 July, Prime Minister Scott Morrison and NSW Premier Gladys Berejiklian announced a … Continue reading “New federal lockdown support for NSW businesses amid Sydney COVID-19 outbreak”
In some very welcome news for business owners, the New South Wales and Commonwealth governments have announced a new support package for businesses impacted by the current Greater Sydney lockdown. Faced with the uncertainty of shifting restrictions, this is an incredibly challenging time for small business owners. And these latest measures intend to ease some of the financial and emotional pressures that can snowball while lockdowns are in place. To help you work out what to do next, and when … Continue reading “Small businesses in NSW affected by lockdown are getting a lifeline. Here’s what to do next”