For most small businesses, other than those in either the retail or tourism sectors, Christmas can really test the cash flow. Not only do you have extra spending on parties, presents & food but for at least two weeks during late December your business will shut down completely meaning little to no revenue. And the […]
Can you cover ongoing Business Expenses if you can’t work?
If you’re a small business owner, business expenses insurance can enable you to cover eligible business overheads if you are unable to work due to illness or injury. How does this work? The business expense insurance policy works similar to income protection in that it provides a monthly benefit to cover ongoing costs. With income […]
8 Tips to make your business website stand out
The homepage is the most important page of your website. It’s the virtual shop front, it’s the first impression, it’s your initial handshake and you only have seconds to grab your customer’s attention. Here are some useful tips for creating a website: Branding – branding is your name, sign, symbol, slogan, words or design, or […]
Xero Tip – Checking your bank reconciles
Many people assume that because the bank feeds automatically come into Xero’s software, the bank is always correct after you finish reconciling the transactions. However, this isn’t always the case – and a Bank Reconciliation Report can show any issues. This report is in REPORTS, ALL REPORTS, Accounting – Bank Reconciliation Summary. You select the […]
Tips to keep your Christmas party tax free
With the festive season looming it’s important to know the Fringe Benefit Tax (FBT) rules for celebrations. Here are some tips from the MJJ team: Know your limits The key to keeping your Christmas party and gifts remaining tax free is to keep them under $300 per person. This is the FBT minor benefit threshold. […]
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