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Small Business Bookkeeping Myths

Small Business Bookkeeping Myths

In your small business, it feels like you have 101 things to do. And depending on the size of your small business, that might include Bookkeeping. But is that true? And what other myths about Bookkeeping are out there, that actually hinder your accounts being accurate and relevant to you as the business owner? Our post on Small Business Bookkeeping Myths will show you some of the misunderstanding that Small Business owners might have about Bookkeeping and Bookkeepers.

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Small Business Failure Rate in Australia

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.

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Small Business Growth

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.

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Hiring The Right Staff For Your Small Business

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.

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