Finance

Having a separate business account will help provide a clearly picture of your business' financial health
19 Mar 24

Benefits of Maintaining Separate Bank Accounts

In the small to medium sized business arena, lines between personal and business finances can often blur. Accordingly, this presents myriad challenges for small business owners. One important and overlooked aspect of financial is the practice of maintaining separate bank accounts for business and personal transactions. This article explains the importance of this practice. It […]
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Learn how to maximise your tax deductions by claiming home office expenses. Understand eligibility criteria and allowable expenses for a potential tax break.
10 Jun 23

Home Office Expenses and How to Claim Them

Did you know some business-related home office costs are tax deductible?  Are you a small-business owner, contractor or freelancer and work from a home office? With the rise of flexible work arrangements, more people are working remotely and given up renting office space.  Consequently, the concept of a home office has taken on a whole […]
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Accountants have an in-depth understanding of financial management, tax laws, and other financial regulations, which can be crucial in developing a solid business.
14 Feb 23

4 ways an accountant can help you.

Small businesses are the backbone of many economies, providing goods, services, and employment to local communities. As a small business owner, you’re likely to face many challenges and obstacles. Least of all, you’ll need to manage your finances, taxes, and other accounting-related tasks. This is where an accountant can come in handy. They can offer […]
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03 Dec 22

6 tips to help you enjoy the summer break

[Updated 25 November 2023] Do you sacrifice holidays to focus on keeping your business operating?  If you are, you’re not alone.  A recent survey indicated three-quarters of small-business owners regularly work through holiday periods. At Business Advisory Services, we want to helping our clients maintain a work-life balance during the festive season. Throughout this article, […]
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27 Jul 20

4 Ideas To Navigate Your Business Through A Recession

As the owner of a small business, you’ve no doubt experienced tough times at some point. Even if you haven’t, things could be slowing down due to the effects of Covid-19. Don’t worry though! Almost every business will go through rough patches at some point. This doesn’t reflect on you. Sometimes, things are just out […]
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07 Apr 20

Why Cashflow Forecasts Are Critical For Your Business

Managing your business without a cashflow forecast is like driving with your eyes shut. You’ll probably be able to survive a short distance. But it’s dangerous and you won’t notice the danger until it’s too late. So what is cash-flow, why is it so vital, and how can you ensure you stay on top of […]
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02 Jul 19

Why retailers need to understand financial metrics

If you operate in the highly competitive and fragile retail landscape you’ll need more than a basic grasp of accounting. You must know which financial metrics affect your business and how to measure and monitor them. This article highlights four common financial metrics that every retailer should be reviewing every month. It also explains what […]
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The emerging benefits of debt factoring

One question that clients often ask is “how can I get people to pay me quicker?”. As they say “cash is king” and with ever spiralling bad debt due to the recession, everyone seems to be feeling the pinch.  It’s possible that your customer is waiting to be paid before they can pay you. But […]
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