Market Wrap

Each month we publish Market Wrap, a summary of the previous month’s economic highlights. Economic Overview August 2021 There was a fair amount of scrutiny on the Jackson Hole Symposium, an annual gathering of central bank policymakers, government officials, academics and financial market participants. Specifically, investors were keen to see whether Jerome Powell, Chair of the Federal Reserve, would indicate any likely changes in US central bank policy. Powell noted that…  Read more

How Business Advisors Can Support Your Business

Operating and growing a business is tough, but it can be a lot easier with a business advisor in your corner. So what exactly is a business advisor? And do you really need one? In a nutshell, a business advisor provides business owners with ideas, valuable insights, and expert business advice on how they can manage their business more effectively. They can help you solve complex issues and bridge a…  Read more

How to create good habits in business

If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritising what you need to do right now – deal with a customer, meet a deadline, attend an event – over the things you know you should do for the ongoing growth of your business. Scheduling time to attend to these business activities on…  Read more

Cash Flow Advice for Small Businesses

Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. In fact, a Capital One study found that 42% of small business owners say cash flow management is a major concern for them. Cash flow refers to the movement of money into…  Read more

How to Build an Effective Financial Plan for Your Business

Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so you can bring more money into your business. Although many business owners are aware that financial planning is important, it is often overlooked. Without a…  Read more

Home office expenses

With all the time many of us have spent working from home in the past 12 months, it’s likely you may have expenses you can claim. However, with this being a focus for the ATO it’s important to ensure you are clear on what you can and can’t claim. In addition, there are different methods for calculating deductions. Along with the usual methods, the ATO has introduced the ‘shortcut method’…  Read more

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