Xero Beautiful Business Fund applications are now open! Xero recently announced the launch of the Xero Beautiful Business Fund. Itʼs their new initiative, backing small businesses for the future. What does this mean? Xero is offering more than NZ$750,000 in funding to Xero small business customers across Australia, Canada (excluding Quebec), New Zealand, Singapore, South Africa, the UK and the US. Applications for the fund are open til Oct 6 and we encourage you to apply. About the fund There are four funding categories, with no cap on how many you can enter. Innovating for sustainability – H ..read more

Maintaining positive cash flow can be challenging for the business & construction industry, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if reliable clients also fall behind one month, the result can be devastating. These tips will help you get paid faster, so you can avoid a dangerous cash flow crunch. Stagger your schedule By billing some of your clients mid-month and the rest at month ..read more

If you are like most building and construction business owners, there are never enough hours in the day to complete every task on your list. Often you are faced with prioritising what you need to do right now – deal with a client, meet a deadline, visit a site – versus the things you know you should do for the ongoing growth of your business. Scheduling time to attend to these business activities on a regular basis is a great way to stay on track for greater success. Know your numbers It’s not uncommon for business owners in the building and construction industry to lose touch with how well th ..read more

Each month we publish Market Wrap, a summary of the previous month’s local and international economic highlights. Economic and Market Overview Inflationary forces continued to intensify in key regions, which suggested interest rates could be raised more quickly and more aggressively than previously anticipated. Government bond yields continued to rise sharply, resulting in negative returns from fixed income markets. The likelihood of rising borrowing costs also appeared to spook equity markets, which performed poorly over the month. Central banks are essentially being forced to tighten policy ..read more

As we approach the end of the financial year, there are a number of smart strategies you could consider to help you streamline your finances and legitimately reduce your tax liability. Our team has prepared a detailed guide to assist you in ensuring you can tick off all the strategies relevant to you. You will find information for: Individuals insurance premiums work-related expenses investments – prepay loan interest, deduction for expenses, review of ownership structure managing capital gains Small business instant asset write-off business investment incentive temporary full expensing and ..read more

On Tuesday 29th March 2022, Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget, which was eagerly awaited given the impact it could have on the forthcoming election outcome. In the lead up to Budget night, the Treasurer flagged that this Budget would ease cost of living pressures, lower certain taxes and focus on large-scale infrastructure projects. Some of the key announcements made include: A one-off $420 cost of living tax offset for over 10 million individuals. An immediate 50% reduction in the fuel excise for the next six months, from 44c per litre to 22c per litre. Extending ..read more