A CFOs Guide to Massive Sales & Profit for Black Friday & Cyber Monday

A CFO plays a critical role in a business. They’re a ‘jack of all trades’ in a sense, with the ability to take and interpret financial data across your entire business, with a focus on one thing – How do we drive profit growth?. As we get closer to Black Friday and Cyber Monday, we’ve […]

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, […]

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 […]

The New Director ID Requirements

If you’re a director of a company, this is something you must read as these new changes directly impact you. From November 2021, the government will be introducing a Director ID, and will require directors to verify their identity as a part of these new requirements. The Director ID is a unique identified that a […]