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Surprise! Didn’t see that business curveball coming, did you? Well, you’re not alone. Starting a small business is a minefield of unexpected realities. So, put your rose-tinted glasses to the side and come and learn some of the biggest surprises for fresh-faced business owners. 1) Getting customers is really difficult! You have a solid business idea, some industry leading products, a gorgeous website, and a lot of social media moxie. But where are your customers? Don’t underestimate the relentless energy … Continue reading “Eight biggest surprises when starting a business”
The holiday season is normally one of the busiest times of year for small business owners in the retail space and this year will prove no different. In fact, due to continued supply chain challenges like bad weather, container shortages, product shortages and continued port closures due to the pandemic, business owners all over the world should start holiday preparations even earlier this year. Consumers have also been warned about shipping delays for this upcoming season. As such, many are … Continue reading “Small business owners: Don’t wait to prepare for the holiday season”
IRS IRS Restricts Disaster Writeoff for Married People
The moment is upon us! With NSW having surpassed the 70% double vaccination rate, many businesses have conditionally reopened today after months of a grueling lockdown. Better yet, with 80% vaccination rates just around the corner even more opening opportunities and reduced restrictions will be ushered in. Now is the time to get your business reopening plan in place. What does your small business need to start preparing for and what can you expect over the next few weeks? For … Continue reading “NSW business reopening checklist”
Australia is home to many resilient and adaptable small businesses – just look at all they’ve weathered in the past 18 months. From shifting lockdowns to capacity limits and border closures, thousands of small businesses have been forced to close their doors for indefinite periods of time. And after many months of uncertainty, this is having a significant impact on cash flow. Although federal and state funding has relieved some financial pressures, it was announced earlier this month that federal … Continue reading “Combat cash flow hurdles with these small business financing options”
Practice Excellence 5 Takeaways from COVID-19 for CPA Firms