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...
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...
by welsh-tax | May 14, 2025 | Accounting, Australian Taxation Office, Starting a Business, Taxation, Xero
As the financial year draws to a close, it’s crucial for businesses to assess their financial position and take advantage of available tax strategies. A year to date financial review ensures you’re on track, identifying opportunities to minimise tax liabilities,...
by welsh-tax | May 14, 2025 | Accounting, Australian Taxation Office, Human Resources, Starting a Business, Taxation, Xero
Accept Contactless Payments Right on Your iPhone Running a business just got even easier! Xero, in partnership with Stripe, now offers Tap to Pay on iPhone—a seamless way to accept in-person, contactless payments without the need for additional hardware. Whether...
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...
by welsh-tax | Apr 2, 2025 | Accounting, Australian Taxation Office, Finance, Human Resources, Queensland Government, Refinancing, Starting a Business, Superannuation, Taxation, Xero
Choosing the Right Path for Your Australian Business Continuing from our running a business blog series, this blog will dig into funding options. For business owners, securing funding is often a vital step in starting, growing, or sustaining a business. Whether...
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