News

Marketing your Trade Business

Marketing is essential for the success of any trade business, and it doesn’t require a massive budget to yield returns. This article from Tradify delves into the realm of digital marketing, a cost-effective approach that predominantly demands your time and effort. It stresses the significance of maintaining an updated website...

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Tips for dealing with economic uncertainty in your business

With political changes and an economic slowdown to contend with, we’re in pretty unpredictable waters. Here are some tips on managing your team in times of uncertainty: Support staff wellbeing Talk to staff about wellbeing regularly and openly. Let your team know it’s okay to feel stress or anxiety. Regularly...

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The importance of regular bank reconciliation

A Bank reconciliation involves a comparison of your sales and expense records against the record your bank has. It is a critical financial process to identify and rectify any discrepancies or errors between your internal financial records with the transactions recorded in your bank statement. Bank reconciliations keep your bookkeeping...

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Working from home expenses for 2023–24 income year

A taxpayer who carries on part or all their business or employment activities at home may be entitled to a deduction for part of their outgoings related to working from home. There are two ways to calculate a work-from-home deduction: Fixed-rate method From 1 July 2022, the revised fixed rate...

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What to look out for when buying a business

Buying an established business is a great way to enter into the business world, or to expand your existing business empire. But purchasing a company isn’t something to enter into lightly. Becoming the prospective owner of a new business means doing your homework, researching the business you plan to acquire...

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