Types of individual expenses

Types of individual expenses

There are several sorts of expenses that can be claimed during the end of year tax return. These include: The cost of an accountant or tax agent to file and complete tax returns. Cost of income protection insurance if the insurance payout would be taxable. Talk to your insurance provider about whether your income protection…

How innovation can help business

How innovation can help business

Innovation doesn’t have to be a revolutionary and world-changing breakthrough. It can also be small changes you make to continually improve your business. Innovation can help in multiple aspects of business. Improve sales and customer relationships: Putting the time and effort into improving your products and services is essential if you want to retain customers.…

Speeding up invoice payments

Speeding up invoice payments

Taking care of invoice and billing payments can often be an onerous task for many small businesses. However, very few things are more important in the business industry than getting paid on time, since delays in payments can disrupt a business’s cash flow quite seriously. Business owners looking for best practice tips to get paid…

What is Organisational Culture?

What is Organisational Culture?

Understanding what organisational structure is can help with making decisions about your business in all areas. Organisational culture is multifaceted, it consists of the shared values, beliefs and norms in the workplace, and determines employee interactions as well as customer interactions. There are four types of organisational cultures. Clan Culture: Focussed on collaboration between teams…

How to upscale your business

How to upscale your business

Set realistic and actionable goals Businesses should set realistic and actionable small goals which they can work towards, rather broad goals which provide no direction. Setting broad and unrealistic goals is demotivating and makes any progress made seem insignificant. Every person in the business should be given a target to meet over a reasonable timeline…