Blog

If you’re a small business owner, it’s important to ensure that your finances are in order. This means keeping track of your expenses and income and ensuring that your books are up to date. If you’re not good with numbers or don’t have time to keep track of everything, you may consider hiring a bookkeeper. […]

Starting a small business is hard work. There are so many things to think about – from the initial planning stages to marketing your business and everything in between. One of the most important decisions you’ll make when starting out is whether or not to hire an accountant. So, do you need an accountant for […]

Are you looking for the best accounting software for your small business? If so, you should definitely consider Xero. While there is other accounting software out there, notably MYOB, Quickbooks, and Reckon, when it comes to value for money, Xero is hard to beat. But, offering excellent value for money isn’t the only reason to […]

Hiring a bookkeeper is never an easy task. So much relies on whom you choose, including your business’s bottom line, so it’s essential you make an informed decision you can be confident in. Whether you’re looking to hire an in-house bookkeeper or outsource your bookkeeping to a professional bookkeeper or bookkeeping firm, you need to […]

While accounting may seem like a daunting task, it is actually based on a few basic principles. Small business owners, like yourself, need to be aware of the basic principles of accounting in order to stay on top of their business’ finances. By understanding these principles, you can make informed financial decisions that will help […]

A new calendar year makes the halfway point for the financial year, and before you know it, it will be tax time again. As the end of the financial year rapidly approaches, it’s important to think about your tax planning strategy. For businesses, there are several tax benefits available that can help reduce your taxable […]

Small businesses are the backbone of the Australian economy. According to the December 2020 Small Business Count from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO), more than 2.3 million small businesses in Australia employ around 5 million employees, which is just under half of all private-sector employees. Small businesses are a vital part […]

Gold Coast small business owners have a lot on their plate, from finding new customers to hiring the right employees. When it comes to making major decisions about their company, some research is necessary. But, the owner may not have time to do this on their own. Gold Coast business advisors can help small business […]

As any small business owner knows, controlling cash flow is critical to the business’s success. Balancing the books and paying the bills are essential to staying afloat and on the road to success. However, making this come to fruition isn’t easy. Learning and building up the skills to manage cash flow can be difficult if […]

Running a small business on the Gold Coast, or anywhere for that matter, is very demanding. Not only do you have to keep up stock and manage staff, but you also have to stay on top of your books. And while small business accounting is one of the most important aspects of running a business, […]

Many new business owners neglect the importance of keeping track of all financial transactions, incoming and outgoing. Once a business is up and going, it is necessary to invest time and money in maintaining good financial records. Any oversight can be costly. It can also put you in hot water with the ATO. Therefore, some […]

Whether you’re a small business, a large corporation, or a sole trader, being active on the administrative side can take a toll. It’s hard enough to find the time to run your business, let alone worry about your bookkeeping and invoicing. It takes away time that could be otherwise spent on making money and growing […]

Regardless of your business size or industry, one consideration worth making concerning your accounting matters is whether to invest in In-House Bookkeepers or Outsourced Bookkeeping Services. While it may be more common for larger businesses and organisations to have their own bookkeeper in-house, it may not be the best solution. Likewise, with smaller businesses, you […]

Starting up a small business of any kind is challenging. But starting up a small business in this Covid landscape we find ourselves in – the “new norm”; presents even bigger challenges. As full-service accountants on the Gold Coast and Tweed Heads, we at Grow Advisory Group have all the tools and knowledge to help […]

As a startup business or even a small business, it’s important to be money conscious and save where ever possible. This mindset often leads business owners to take on jobs they may not necessarily want to and wear multiple hats. While this can be beneficial in some areas, one job area that business owners often […]

Running a business, big or small, can be challenging, but running a small business is especially difficult. With fewer staff and resources at hand, you have to be very careful about correctly allocating your time and budget. As such, small business owners often wear multiple hats; they can be the maker and creator, the customer […]

When you think of a “traditional accountant”, you may imagine an older gentleman wearing spectacles and a tweed blazer with elbow patches, sitting at his desk sweating under fluorescent lights whilst crunching numbers all day. But as we all know, this is just a stereotype – and in actual fact, far from reality – especially […]

You probably understand the nature of a Financial Advisers or Business Consultants role, but when you hear the term “Business Advisor”, you may think to yourself, what the heck is that? Do I need one? Can they help? Let us cut to the chase and delve into the world of advisory for businesses and why […]

Do you ever just feel so overloaded you just smile and nod in any situation? Trying to run a thriving small business, together with a well-organised household; all whilst trying to make it to school pick-up on-time? Sometimes you feel like the wheels are about to fall off no matter how much wine, yoga or […]

So, you’ve started your own small business, and you’ve been managing the bookkeeping yourself. But let me guess… time has passed, and your business is thriving – which is fantastic – but now the bookkeeping has become an absolute mammoth task! Unfortunately, for your business to continue thriving, bookkeeping is one of those jobs that […]