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Unforeseen expenses in business are always going to occur. The irony! However sometimes even minor hiccups in regular expense patterns can have a serious impact on small business. Finding the money to fix a plumbing issue, for example, replace equipment that has broken down, or having to negotiate about a…

You can’t manage something you don’t understand. So what exactly is business cash flow? Cash flow is simply the movement of cash in and out of your business in a given period of time. It’s one of the most important, yet neglected, areas of business. “Insufficient cash flow is crippling…

It’s a common misconception that bookkeepers and accountants are one and the same. While there is often some overlap in the two roles in business, what they are actually required to do, and how they function, are quite different. They both want your company’s finances to run smoothly, and are…

Should your accountant be involved in your business plan? The short answer is yes. From a business case onwards, having a level of financial expertise on hand will likely relieve stress, and save you time and money in the long run. A lot of people – even aspiring business owners…

The end of the financial year is often a time that many small business owners – as well as individual taxpayers – dread. But understanding your obligations and entitlements, being well prepared, and paying attention to the following simple tips, will help simplify what can be an otherwise daunting, complicated…