The mere mention of the term ‘Business Activity Statement’ (BAS) is enough to make many business owners break out in a sweat. Even more stressful than that is having to come up with the cash to pay it if you haven’t been putting the money aside. All businesses registered for GST need to lodge a…
Debt: For many young people, it is an everyday reality. Young people are often sensitive to peer pressure, fads, and advertising. And this is a financially dangerous combination. How can you increase your children’s economic independence? How can you help them have and maintain control of their personal finances? And what should you do if…
When launching a business, you must first determine how much it will cost. Here’s everything you need to learn about starting a business. Although starting a business is an exciting process, it is also costly. Expenses like office space, legal fees, payroll, company credit cards, and other administrative costs may mount up quickly. It’s critical…
More and more youngsters are thinking about buying a home, a brand new car, or investing in a business, and that’s where credit gains its importance. Not only is it important, but it is also important for you to know what it takes and how it works. What is ‘creditworthiness’? You will want to keep…
You may still believe that a 7-figure salary is unattainable. However, it’s critical to set great, audacious goals to get there! So here are some ideas for achieving a seven-figure income: 1. Develop products, services, or training programs. Create items or services that don’t exist now or fill a gap in the market that similar…
Entrepreneurs face an enormous series of business challenges. And in most cases, these difficulties are linked to financial setbacks that hold businesses back and prevent them from moving forward. Without money, our business is a “hobby,” the US tax authorities often say. Our problem is not the lack of money, but what we do with it,…
According to many business consultants across the world, a small business is better off outsourcing all its non-core processes, which are defined as the processes that are necessary for your business to run but do not generate any profit. In most businesses, regardless of size, processes like administration and payroll can be considered non-core, and…