Drs Laura Lum and Tom Hogan affectionately refer to themselves as the gas and the pedal of their successful healthcare business on Sydney’s beautiful Northern Beaches. They first opened the doors for Elanora Heights Medical Practice October 17th 2015. The husband and wife duo, passionate about open-minded whole-person healthcare wanted to ensure the practice offers…
When the pandemic took hold earlier last year, the Government implemented a slew of support measures to ensure that individuals and businesses were given financial and obligatory relief to see them through the first recession Australia had seen for nearly 30 years. Businesses were assisted into hibernation through stimulus measures including the JobKeeper Program…
Many business owners feel they need to be 100% involved with all aspects of their business for it to run successfully. This is particularly true of Tradie business owners who have normally spent many years being “hands on” and engaged in their craft from which they have built their venture. The truth is, delegation and…
Business data is increasingly being stored online in the cloud. What does this mean for your business and your customers? What can you do to make your data safer? Here are some useful tips on cloud security.
Setting up your own business can be one of the most exciting and daunting, things you’ll do in your working life and there are many reasons for taking on the challenge. Maybe you’re escaping from the 9-5 (be warned start-ups are often more of a 5-9), exploring your creativity, or realising a dream.
Now is the time to reassess your current financial position and start tax planning for the year ahead. By starting this process in April or May, you can springboard into the new year with your goal-supporting affairs in order – rather than scrambling to pull it all together when the clock strikes midnight on 30 June – and potentially missing out on valuable tax savings!
Ever thought about making a bit of extra cash by renting out your home on Airbnb, or building a granny flat in your backyard? Or perhaps you’ve already jumped upon that bandwagon?
At Minnik we have introduced HubDoc as a mandatory requirement for businesses that outsource their accounting function to us. This product has enabled us to remain within budget and package when supplier issues become tedious and time consuming. The result is happy bookkeepers and suppliers, and even happier clients.
Minnik are working with TRADIEPAD, a team of dedicated former tradies who recognised from their own experience that business owners in the construction and field services industries needed help.
Not sure what method you should use to manage your books, or which one is best suited to your business? Here’s a quick guide to help you understand cash and accrual accounting, and the pros and cons of each method.