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Let’s reflect on the past few years, shall we?

Choosing the right accountant is important for your business’s financial future and long-term success. Whether your business operates in e-commerce retail, property, health, hospitality or another industry, managing your firm’s finances and tax can be overwhelming. Yet, you might not be at the stage where hiring an in-house accountant or chief financial officer is justifiable. This is where an accountant outside of your business can help. The right accountant will save you time and money through strategic advice. They can assist in setting up systems for you and identifying growth opportunities for your business. So what should you look for when choosing an accountant?

Drowning in debt? Now’s the time to devise a budget

Business failure rate in Australia

As a small business owner, you are no doubt aware of the statistics surrounding small businesses and the high business failure rate in Australia. 60% of businesses will fail in the first three years, and of those who fail, 50% are profitable. The fact is, many small businesses do not survive for very long, and definitely do not thrive in their industry. And sadly, business failure can happen even if you’re profitable due to many other factors.

As a small business owner, to hire the right staff for your business is absolutely imperative to your success. That said, it’s become a bit of a headache for business owners to go through the process of finding and retaining great staff. In this post, we’ll look at a few strategies and tips for hiring and keeping good staff members in your small business. And this means activating your payroll services for the new staff you onboard.