For more and more Aussies just having a day job isn’t enough and having a side-hustle business is becoming main stream. The decision to go after a side-hustle varies greatly but the most common reasons are to put a bit of extra money in the hip pocket, to pursue a passion or to open the [...]
The gig economy has created an unprecedented opportunity for people to earn an income typically as a self-employed individual. Along with that opportunity comes the traditional risks of running a business. Traditional insurance policies don’t have the flexibility to suit this new style of work, leaving self-employed gig workers un-insured or paying overly expensive premiums [...]
For many people, the end of financial year triggers feelings of anxiety and doubt, but there is no need for that! If you are organised and well equipped in advanced, you can prepare for a seamless and stress free EOFY. Below, you will find 5 top tips to avoid missing out at the EOFY. Prepare [...]
The end of financial year is nigh, which means one thing for sole traders… it’s time to sort out your claims! As a sole trader, you can claim a deduction if the expense is directly related to the running of your business. Below, you will find a list of what you can and can’t claim [...]
Sending an invoice is one of the last things a self-employed professional will do after the job has been completed. All too often they get sent with little thought or effort as the business owner moves on to the next job while they wait for payment. Invoicing is a time-consuming and labour-intensive process that is [...]
PRE-EMPTIVE MONEY MANAGEMENT What is Pre-Emptive money management and how can it help your business manage your cash better? Running a small business is all about understanding and managing your numbers, whether you do it subconsciously or consciously doesn’t matter, it's critical. When it comes to budgeting, managing your money and building your savings or [...]
When you are self-employed it is a fact of life that you are going to need to create and send invoices at some point. Your invoicing habits and the actual invoice itself can say a lot about you and your business so it’s important to get the basics right. An invoice is normally sent after [...]
Sending your first invoice can be a liberating experience, you are now ready for action and it’s the first step to getting payments through the door. As Mark Twain said, “The secret to getting ahead is getting started”, here are the four simple steps you need to send your first invoice using the Solo & [...]
As a solo business owner, time management is critical. Unfortunately, a lot of small business owners fall into the trap of wasting hours and hours on admin jobs that shouldn’t require such a big time investment. Tasks, like invoicing, insurance, and quoting, are necessary for all solo business owners, but most sole traders spend large [...]
Consider this, in 2014 there was $35 billion owed in unpaid taxes to the ATO and micro business was responsible for three quarters of it. Tax is one of the biggest stumbling blocks for sole traders and it can be one of the most crippling. Let me tell you about Sam to explain what happens [...]
