Last week our Financial Advisor, Emma Brooke wrote a summary of how last week’s budget impacted individuals and families. This summary outlines how the announcements in the budget impact businesses and their owners.
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During the first six months of 2016, small businesses reported losses due to scam activities of more than $1.6 million. That may seem like a drop in the ocean compared to the billions of dollars’ worth of business conducted over the Internet each day, but for the businesses affected the results can be catastrophic. Incredibly, sixty per cent of businesses that experience a cyber-attack cease operating within six months of the incident.
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Did you know that the federal government has an online service called “Stay Smart Online” to alert internet users of the current security threats we all face?
Read MoreTopics: Risk Management
As a business owner, there is always something to do, however many owners often spend more time working in the business than they do on managing the business.
Read MoreTopics: Business Improvement, Business Planning
There are a few of the common traps small business operators can fall into when calculating and preparing their BAS returns.
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