Is Your Tax Agent Putting You at Unnecessary Risk?

Not all tax agents are created equal. Just like in every industry there are the good ones and the not so good ones and you as the taxpayer could be placed at an unnecessary risk because of the risk rating of your Tax Agent. With the rise of technology, the ATO is capitalising and spending […]

Similarities and Differences Between a Bookkeeper and an Accountant

They both work with financial data; they’re both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant rarely overlap. If you’re like many business owners, you may not be exactly sure of the differences between a bookkeeper and accountant – and whether you should hire one, or both. […]

Re-framing the ‘failure’ in your business

Ask any successful entrepreneur about their path to greatness and you’ll get the same answer: failure is an inevitable part of the journey. It took Thomas Edison 1,000 failed attempts before he finally invented the light bulb. Tim Ferris received 25 rejections before his bestselling book, “The 4 Hour Workweek” was finally published and sold […]

The JobSaver Payment

NOTE: Changes to the grant have occurred since this article was written For those businesses who are in lockdown and experiencing a significant amount of stress and anxiety, there is cause to have hope, because JobSaver applications open from 26 July 2021 and close on 18 October 2021. While the name suggests the payment is […]

What You Need To Know Before Launching Your Small Business

If you were wondering how to start a small business. This short step-by-step guide will help you get it started quickly and easily. Starting Your Small Business So, you’re interested in starting a small business? You want to be your boss and control your destiny. Well where do you start? You can have all the […]

How much should accounting and bookkeeping cost?

For a new business owner, doing your own finances is not unusual in the beginning. But as your business starts to grow, wherein your financial needs and obligations become more complex, you need to consider hiring an accountant and bookkeeper.

Growth Hacks for your Small Business

Deciding on an online marketing plan can be overwhelming for small business owners looking for affordable ways to nurture steady, sustainable growth. With time in short supply, the key is to find one or two growth strategies that will get results at minimal cost.   These proven growth hacks offer business owners a few simple, […]

How to Scale your Business for Growth

Richard Branson, Founder of Virgin, once said, “Every success story is a tale of constant adaptation, revision, and change.” No one succeeds by stagnating. Growth is a natural process of responding to the changes around you and your business. Adapting to new surroundings is crucial in order to survive (and especially to thrive). Having a growth […]

The Micro Business Grant

NOTE: Changes to the grant have occurred since this article was written Every great business was once a micro business and collectively micro-businesses comprise the majority of small business. Failing to provide support to this industry would have devastating impacts on the future of our economy. The introduction of the micro business grant is welcomed […]

Post-Budget reflections for Individuals and Families

Post-Budget Reflections for Individuals and Families The new budget that was handed down on 11 May has a great many provisions that will affect individuals and families. We will touch on a few here, but you are welcome to contact HY Accounting to discuss how they apply to your particular circumstances. What does the budget […]