Running a business is hard enough without getting caught up in the complexities of the tax system. So, to make things simpler, H&R Block has produced a beginners’ guide to the tax deductions all retail businesses should be looking to claim.
Managing your payroll can be a mine field and daunting for new business owners. If you speak to any seasoned payroll officer, they’ll tell you that they receive no complaints when things are going well, but it can be a very different story when mistakes are made.
Is there a disconnect between what prospective franchisees want to hear from their franchisor and advisors and what they need to know?
New regulations have increased liability for franchisors in some circumstances. While that might be scary, feigning ignorance of serious poor payroll practices is not the answer.
If you do nothing else with your business financials, get these three key numbers every month to help you gain clarity, confidence and control of your business finances, writes Tania Byrnes.
Why are franchisees underpaying staff? Are these workplace breaches a result of unprofitable franchise systems, franchisee greed or simple mistakes?
How does your franchise shape up when it comes to working capital? Only eight percent of Australian organisations have real-time working capital and cash visibility. Is your franchise among them?