Tax tips for new building & construction business owners

Do you want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New building & construction business owners have a lot on their plate and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organisation is key when preparing for tax time. As is taking advantage of the many tools and resources…  Read more

Improving cash flow in the building & construction industry: How to get paid faster

Maintaining positive cash flow can be challenging for the business & construction industry, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if reliable clients also fall behind one month, the result can be devastating.…  Read more

How to create good habits in a building and construction business

If you are like most building and construction business owners, there are never enough hours in the day to complete every task on your list. Often you are faced with prioritising what you need to do right now – deal with a client, meet a deadline, visit a site – versus the things you know you should do for the ongoing growth of your business. Scheduling time to attend to…  Read more

Are you ready for the end of JobKeeper?

Number of Australians on JobKeeper More Than Halved Since September The number of Australians being supported by JobKeeper has fallen by more than 2 million since September, with Treasurer Josh Frydenberg claiming a “remarkable recovery”. According to the ATO, over 512,000 businesses have left the scheme and are now covering their entire wage bill by themselves. However, there are still 1.53 million Australians relying on the wage subsidy. Are you ready…  Read more

Three tips for managing construction industry cashflow

Owning a small business in the building and construction industry can be incredibly stressful. In addition to the long days and difficult working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors who hired your business, and in the meantime you have to pay employees, cover fixed expenses, buy supplies and pay your own subcontractors.…  Read more

Ideas for business goals this year

The start of the year is the perfect time to dust off last year’s business plan and set some new goals for the future. While some entrepreneurs love planning, others feel overwhelmed by the process. How do you decide on just a handful of goals that take priority, with so many moving parts that make up a business? These tips can help you get started brainstorming how your company can…  Read more

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