Bitcoin: What the future holds for cryptocurrencies

By Sky Accountants

The Bitcoin price had almost reached $US20,000 in 2017 and it appeared to have disrupted financial markets with its potential to enter mainstream. However, a year later, it is trading below $US4,000 and decreasing, losing over 50% of its market capitalisation. Bitcoin could continue to spiral down, with the price of major alternative coins like Ripple and Ethereum dropping last …

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Is food delivery good for your business?

By Sky Accountants

Some restaurants have a menu for instore diners and another one for home delivery. It often costs less to eat at a restaurant than to have the food delivered to a home because food delivery services such as Uber Eats takes around one third of the order value for the meals they deliver. Uber Eats and other food-delivery platforms can expose a business …

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AFCA – Save money and business relationships without the need for litigation

By Sky Accountants

So many businesses are not aware of the various channels available to them where they can resolve disputes without having to spend thousands of dollars. Small companies spend large sums of money and ruin business relationships to resolve legal conflicts simply because they do not know what’s available to them. Prime Minister, Scott Morrison, recently unveiled a plan to help …

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Would you use a fintech loan to grow your business?

By Sky Accountants

There is a widespread concern that small business lending will continue to tighten this year. Smaller operators are concerned about loans and raised scrutiny on mortgages because they use their homes as security. Securing a bank loan is also perceived to be difficult and this is discouraging many start-ups. Some Melbourne business owners are reluctant …

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Prepare your business for Australia Day 2019

Australia Day is almost upon us and it’s time to prepare for one of the busiest days of the year. The public holiday falls on a Saturday this year, so people might spend it at venues on the holiday Monday. Because of the expected large crowds, you and your staff should get ready for an …

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Allow your people to innovate or you’ll miss great opportunities

By Sky Accountants

In business, each team member has special missions. These missions could be new challenges added to existing responsibilities and led by those who understand the needs of the business and the customers and what the company is trying to achieve. Allow your people to initiate and create their own special missions. Each department knows its …

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Sky Update – December 2018

By Sky Accountants

In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. The holiday season is here The Holiday Season has arrived and we take this opportunity to wish you a safe and happy festive season and all the best for the coming year. Please …

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How to Save Your Business from Unexpected Tax Fees

While you may be very diligent when lodging your tax return, there is still something you can do to protect yourself from unexpected fees. Don’t be vulnerable, consult with your tax accountant.  If you are a business owner, you can choose from different types of coverage depending on what your business needs. An audit insurance …

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How to save money for your small business

By Sky Accountants

You’re in this business to make money, so avoid losing it! Here are some of the ways your business may be wasting money and tips on how to profit more and lose less money.   First, your business can save money by paying its bills on time. There may be times that funds are low …

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SME grants, vouchers and assistance programs for small businesses

The Australian State and Territory governments offer more than $3 billion in grants for small businesses each year. As a small business owner, you may not be aware of this.  Consult with your small business accountant to find out about suitable grants as well as the tools available to you. Apply for these grants and …

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