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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

E-Commerce accounting: how we can help!

Data tips to help you grow your small business

Why is small business failure so high?

It’s no secret that small businesses are the backbone of the Australian economy. In fact, small business employs more than 4.7 million people and 41 per cent of the business workforce in Australia. It’s a staggering number. However, of the 2.3 million small businesses operating in Australia, many will sadly fail.

Expert help is available

I read an interesting article recently in Domain talking about the tough lending landscape, the increasing difficulties around securing a loan and a reminder to always seek expert advice.

Watch our Federal Budget Summary 2021.  This is a recording of the webinar held on 14 May 2021 and provides a summary of the key budget initiatives which impact on small to medium businesses.

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.

You don’t really need a business accountant, and I will tell you why. You need so much more…

What’s Your New Year Resolution For Your Business This New Financial Year?

With the new financial year almost upon us, it’s the best time for businesses to review their financial goals. Inline Partners will help your business grow, by sharing our small business expertise with you.
Through setting objectives, goals and KPI’s (Key performance indicators), business owners can monitor the financial health of their business and ensure optimal growth.
But this year, there is a whole new set of numbers to compare your business progress against. As you might have heard, the Australian Tax Office (ATO) is urging small businesses to make use of the new small business benchmarks.