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This time of year typically prompts many to start thinking about their business plans for the year ahead. The following are some tips to help make these stages more productive.

Goals provide both motivation and future direction for your business. While it's important for them to be ambitious, they still need to be achievable.

Not sure how to approach a client for a delayed payment? The following are some tips of the best way to go about it:

We've all made New Year resolutions and likely broken them before January is even over. Often New Year celebrations give us a yearning for a fresh start, but id there something that can be done to make them more permanent?

In this day, it doesn't seem like a question for small businesses to move to the cloud. Why are so many businesses fully embracing cloud software?

It can be easy to forget the importance of accounting to a business. Your accounts tell you the facts of your business and help you predict and shape you future successes.

The biggest issue for start up businesses is cash flow. Recently conducted research has revealed that Australian businesses are chasing up to $76 billion un unpaid bills from customers. Additionally the Australian Securities and Investment Commission reported that poor cash flow was a key factor in almost half of all firm failures in 2016.

It's very likely that when you started your business, bookkeeping and accounting were quite simple and straightforward. Your income and expenses were logged into a software program and little else was necessary. However, as businesses grow, the number of transactions to track is likely to have increased making the job more labouring and time consuming. As a result of this, there are several technical and financial questions without obvious answers.

When tax time comes around again, taxpayers need to collect all supporting documents necessary to help submit tax returns in an accurate and timely fashion. If you're a small business owner, nearly any purchase that helps in generating income is tax deductible. While you do need to be careful and ensure that these expenses genuinely are claimable, some can be easily overlooks and could save you money come tax time. The following are some tax deductions that shouldn't be forgotten and some tips that could save you money long term.

No matter the size of your business, there is always a chance you will become the target of cybercriminals and malicious software. While this risk is lower for smaller companies compared to larger ones, it is still highly essential to take all precautions to ensure you, your employees and your customers are kept safe. If you are not doing all of the following, then you could be leaving yourself open to a cyber disaster.