The start of a new year is a good time for small businesses to pause, reflect and decide where to focus next. Clear goals help owners stay on track, manage resources effectively, and respond to market changes. Although each business has its own priorities, the process of setting meaningful goals is similar for all, […]
For many Australian small businesses, Artificial Intelligence is fast becoming a mainstream lifeline. According to the 2025 Australian Small Business AI Report from BizCover, 80% of small businesses are already using or planning to adopt AI within the next two years. This shift is opening real opportunities to improve day-to-day efficiency and strengthen cash flow for […]
Simple cash flow strategies to keep your business on track Cash flow pressures continue to drive high insolvency risks for Australia’s small and medium-sized businesses, according to CreditorWatch’s July Business Risk Index The data reveals a worrying jump in business-to-business (B2B) invoice defaults, a key predictor of future financial distress. In the current economic […]
One in five small and medium-sized business (SMB) owners spend nearly a full working week each month on financial admin, according to a recent national survey. The research, commissioned by accounting tech company Dext, found that 21% of SMB owners spend between 21 and 40+ hours per month on non-revenue generating tasks like invoicing, payroll, […]
About 85% of Australian businesses earning over $100,000 engage an accountant, according to the SMB Navigator Report 2025. This shows how important professional financial support becomes once a business reaches a certain size. While some small businesses and sole traders manage their finances independently, most businesses crossing the $100,000 revenue mark seek expert help. The […]
In today’s complex regulatory environment, community clubs face numerous challenges in maintaining compliance while fulfilling their mission to serve the community. This article explores key lessons from the partnership between Omnia Business Solutions and the Kellyville Bushrangers, highlighting the importance of professional support in managing compliance and governance for community organisations. The Role of Professional […]
Imagine this: your biggest client pulls the plug tomorrow – no warning, no buffer. For many business owners, that’s not just a nightmare scenario; it’s a plausible risk. According to the latest SME Growth Index Report, by ScotPac, almost one in five Australian SMEs believe they’d be out of business if one major client or supplier […]
If you’re planning to sell your business, bring on an investor, form a partnership or give a key employee a stake, you’ll need to calculate what your business is worth. This can be tricky for small businesses, because – unlike listed companies – there’s no share price determined by market forces. Below are three commonly […]
As your business grows and evolves, you may need to change your business structure to improve efficiency, reduce risk, or meet financial goals. Transitioning from one business structure to another can have legal and tax implications, so it’s important to understand the process before you get started. Reasons to change your business structure There are […]
Falling behind on your business’s taxes can be stressful, so it’s important to understand the consequences and the steps you can take to resolve the issue. The Australian Taxation Office (ATO) has various measures to help businesses manage their tax debts. The longer you delay addressing your debt, the more severe the repercussions become. Immediate […]