by Innovatus Group | Jan 14, 2019 | Accounting, Advisors, Business, Cloud Accounting
In small business you need to wear many hats, particularly in the startup phase. But trying to be all things to all people is a recipe for disaster, not success. Hiring a bookkeeper will take the pressure down. I have been running startups now since I was 19. From...
by Innovatus Group | Jan 10, 2019 | Accounting, Business, Cloud Accounting, Small Business
Small to medium enterprises (SMEs) can benefit greatly from using cloud accounting software for their business. A great number of businesses, 96% of Australian SMEs, seek to increase spending on cloud accounting software for their business. Some of the...
by Innovatus Group | Dec 6, 2018 | Accounting, Business, Financial Planning
So you’ve got a great idea for your business, but you don’t have the funds right now to get it off the ground. You could try applying for a government grant, but it’s often a long and arduous bureaucratic process of form filling and there are of course no guarantees...
by Innovatus Group | Sep 18, 2018 | Accounting, Business, Tax
From the 2017–18 income year, you must be a base rate entity to be eligible for the lower 27.5% company tax rate. A base rate entity must have: a turnover less than $25 million (this turnover threshold increased to $50 million from 2018-19), and 80% or less of...
by Innovatus Group | Aug 24, 2018 | Accounting, Business
They say only two things are certain in life: death and taxes. For a lot of people, there’s also a third certainty in life: the pain of keeping track of every receipt when it’s time to do the taxes. How many times has your bookkeeper or finance manager asked you for a...
by Innovatus Group | Aug 10, 2018 | Accounting, Business
There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of sales, have...
