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How to Set Your Business Up for a Successful New Financial Year

How to Set Your Business Up for a Successful New Financial Year

by welsh-tax | Jun 19, 2025 | Accounting, Australian Taxation Office, Estate Planning, Finance, Starting a Business, Superannuation, Taxation

Fresh Start: How to Set Your Business Up for a Successful New Financial Year With the books closed on the last financial year, now is the perfect time to hit reset, refocus, and get your business in top shape for the year ahead. A little planning now can set the tone...
Common mistakes Business owners make with Financial data

Common mistakes Business owners make with Financial data

by welsh-tax | Jun 18, 2025 | Accounting, Finance, Human Resources, Starting a Business, Taxation, Xero

Ignoring Financial Statements Many business owners focus only on cash flow but neglect key reports like the Profit & Loss statement or Balance Sheet. Without reviewing all financial statements, it’s easy to miss warning signs of missed payments, accounts...
The Importance of Keeping Clean Records

The Importance of Keeping Clean Records

by welsh-tax | Jun 3, 2025 | Accounting, Australian Taxation Office, Finance, Human Resources, Starting a Business, Taxation, Xero

The Importance of Keeping Clean Records: What Every Business Owner Should Know As accountants, we have seen firsthand how well-maintained financial records can make or break a business. Keeping clean records isn’t just about compliance—it’s about setting your business...
How to Build Financial Resilience: Budgeting Tips That Work

How to Build Financial Resilience: Budgeting Tips That Work

by welsh-tax | May 28, 2025 | Accounting, Australian Taxation Office, Finance, Refinancing, Taxation

In today’s financial landscape, building resilience is more important than ever. Whether you’re an individual looking to secure your future or a business owner navigating economic shifts, a strong budgeting strategy is essential. Budgeting isn’t just about...
$20,000 Instant Asset Write-Off Extension

$20,000 Instant Asset Write-Off Extension

by welsh-tax | Apr 30, 2025 | Accounting, Australian Taxation Office, Finance, Queensland Government, Starting a Business, Taxation

Small Business Support: $20,000 Instant Asset Write-Off Extension Great news for small businesses! As part of the 2024–25 Budget, the government announced that it will continue supporting small businesses by extending the $20,000 instant asset write-off limit until 30...
Exit Strategies and Succession Planning: Closing with Success

Exit Strategies and Succession Planning: Closing with Success

by welsh-tax | Apr 9, 2025 | Accounting, Australian Taxation Office, Estate, Estate Planning, FBT, Finance, Starting a Business, Superannuation, Taxation, Xero

As business owners you often focus on growth and operations but focus needs to be turned to planning for the future. This includes considering how and when you will “step down” and what this looks like. Whether this “step down” results from planned retirement, a...
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Recent Posts

  • How to Set Your Business Up for a Successful New Financial Year
  • Lock it Down
  • Common mistakes Business owners make with Financial data
  • The Importance of Keeping Clean Records
  • How to Build Financial Resilience: Budgeting Tips That Work

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