Ways to generate more bookings With the Airbnb marketing getting more and more competitive and new listing coming available each week now is the perfect time to review your listings and what you are offering your guests. As the market changes due to the current conditions we need to also make some changes to out […]
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5 hidden costs of running a business (even from your own home)
For the first-time business owner, your ability to control costs is a critical success factor. But have you factored in these often-overlooked costs of running a business? Truth is, running a business carries various costs that are easy to overlook, even if you’re operating it out of your parents’ garage. And if you don’t prepare […]
Cash Flow Forecasting
Cash flow is king when you’re contracting, self-employed or running a successful small business. Here’s where you’ll find information on how to get it right. Forecasting when money will come in and out will help you plan for the future. Being able to predict peaks and troughs helps you avoid financial difficulties. It’s also a […]
Do you need to declare Boarder Income?
Do You Get Income from Boarders? If you receive boarder income, including from student homestays, you maybe required to declare your income. You can choose either the standard-cost method or the actual-cost method to work out whether you have to pay boarder income tax. Standard Cost Method The standard-cost method uses an average price for basics […]
Accounting 101 for Small Business
Accounting for small business can often be stressful for owners who just want to get on with running their business without paperwork hassle. Crunching numbers can feel overwhelming, but by following our Accounting 101; with some proper preparation, tracking and with a cash flow budget your business can really thrive and the stress can be reduced! […]