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Four Top Business Tips for Early Stage Startups

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Author: Harry Hoang CPA | Tailored Accounts CEO I started my business in 2008 with little to no capital, and have since gone through a number of roller coaster rides along my entrepreneurial journey. Ten years may not be a substantial amount of time for start-up veterans, but it is enough to understand the nature of entrepreneurship. There have been a fair share of lows and highs in my entrepreneurial pursuit, so I can thoroughly understand some of the challenges that start-ups in Canberra face. As an entrepreneur who is trained in accounting, I would like to take this opportunity…
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Beginning FY 21/22 Financial Year with a new way to develop your accounting team

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As we are now in the first few days of new financial year, we see more businesses that are struggling in hiring the right staff for their Accounting Team. If you are running a small business or non profit organisation in Canberra, you might be struggling to retain good accountant in your team! Also, nature of accounting industry is with high turnover of staff. On average, permanent role is turning within 12 to 18 months while casual and part time is just 4 to 8 months. One of the reasons could be that the level of stress is so high…
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EOFY 2021 – Final Reminder Superannuation Contributions

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The end of the 2020-2021 financial year is nearly here. This is a reminder about getting a tax deduction in the current financial year for superannuation contributions. Generally, to get a tax deduction for a superannuation contribution for your employee, the superannuation fund must have received the payment by 30 June. Making the payment before 1 July will not guarantee that this has happened. If you want to get a tax deduction for the contributions, make sure they are paid well before 1 July 2021 so there is time for the money to be received by your employees’ superannuation funds.…
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End Of Financial Year 2021 Tips For Managers and Business Owners

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Author: Harry Hoang CPA | CEO of Tailored Accounts End of financial year can be a stressful time for executives and business owners. But think of it this way—you’re running a marathon, it’s not far from the finish line, you just need to push through to achieve your personal and business goals. Here’s a quick checklist to help you get your financial affairs in order before the 30 June deadline. Undertake analysis - To see if you will achieve your budget in the last quarter. If you haven’t made budget, consider what you can do? Cut costs? Improve sales? Or…
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