How should I go about hiring a part-time bookkeeper?

7:00AM | Wednesday, 10 July 2013 | Brad Callaughan

Finding someone you can trust and rely on to handle your books is not a decision you should make lightly.

Can’t sell your business? Here are six tips to make that sale happen

7:50PM | Thursday, 4 July 2013 | Brad Callaughan

We are faced with a buyer's market and business owners trying to sell their business are experiencing low enquiries and hard negotiations.

The big mistakes small businesses should avoid when doing their taxes

6:58PM | Thursday, 6 June 2013 | Brad Callaughan

June 30 is approaching fast. Here are some common mistakes you need to keep an eye out for when you do your taxes.

Federal budget 2013: Little to celebrate for start-ups in Swan’s farewell budget

5:53AM | Wednesday, 15 May 2013 | Brad Callaughan

Last night Labor handed down its latest (and quite possibly last) federal budget. Here’s a look at some of the highlights and lowlights it contains for start-ups.

Will I get in trouble for paying my taxes late?

4:28PM | Tuesday, 2 April 2013 | Brad Callaughan

The ATO are very strict towards collecting their debts and enforcing late payments and lodgements. In saying this, they are not monsters and deal with each situation case by case.

How do I work out what my best business concept is?

2:52PM | Friday, 1 February 2013 | Brad Callaughan

There is no substitute for doing your homework before you decide to pursue a business opportunity.

What happens if I lose my main client?

1:00AM | Tuesday, 3 January 2012 | Brad Callaughan

Because it's easier to lose a client than it is to lose a job, you should start looking for more customers.

How do I beat the post-Christmas cashflow crunch?

11:23PM | Tuesday, 27 November 2012 | Brad Callaughan

Unless you’re in the toy industry, you should prepare for the Christmas cashflow crunch by planning your expenses early.

How do I cut the overheads in my new office space?

11:59PM | Friday, 2 November 2012 | Brad Callaughan

Your fit-out, furniture, signage costs and rent are just the beginning of your office expenses. However, you can limit them by following one simple rule.

Can I claim business expenses for my fledgling start-up on my regular job tax form?

9:42PM | Wednesday, 26 September 2012 | Brad Callaughan

If you’re planning to offset your business losses against your regular income, the ATO have some very strict rules that you must follow.

How well should I know someone before going into business with them?

8:29PM | Thursday, 23 August 2012 | Brad Callaughan

Would you marry someone, move in together and join bank accounts without really knowing them? If you wouldn’t do it with a life partner, why do it with a business partner?

How do you keep the taxman at bay if you run a cash business?

7:00PM | Thursday, 26 July 2012 | Brad Callaughan

The ATO looks for businesses operating outside sector averages. If you order $100,000 worth of goods and only record $10,000 in sales, expect the taxman to ask questions.

Should I put together multiple versions of my business plan?

9:24PM | Tuesday, 13 September 2011 | Brad Callaughan

Writing one business plan is a big enough task within itself – there is no need for two.

Can I claim the GST back without registering for a BAS?

6:36PM | Monday, 18 June 2012 | Brad Callaughan

The threshold for GST registration is $75,000. If your business earns less than this threshold, there are some critical things you must be aware of.

Are there any ways to ensure that tax time isn’t a complete headache for me?

5:58PM | Wednesday, 30 May 2012 | Brad Callaughan

Tax time will be a lot easier if you follow this simple organisational trick.

How can I ensure my sales can support a large capital investment?

4:05AM | Monday, 30 April 2012 | Brad Callaughan

It is always vital to do your research, forecast your cashflow and test your assumptions before you invest.

How much time should I spend on tax and other regulations?

2:24PM | Monday, 20 February 2012 | Brad Callaughan

The set-up stage will require you to spend a lot of time to making sure you have everything in order. After that, get a good accountant.

Should I give my mentor a stake in my start-up?

1:07PM | Friday, 20 January 2012 | Brad Callaughan

If your mentor's advice has boosted your start-up, then you should definitely consider offering them an equity share.

I'm struggling to get money from the bank or an investor. Now what?

11:44PM | Tuesday, 15 November 2011 | Brad Callaughan

Unfortunately, the finance market is very tight. As one business banker recently told me, it is like they have turned the tap off.

How should I fund my start-up?

10:59PM | Thursday, 27 October 2011 | Brad Callaughan

The real question here is how much will an investor give you towards your business?