The short version Net 30 means paid in 30 days; net 14 in 14. The number is the days from the invoice date, and it should...
A business can look profitable on paper and still run out of cash. The two are different things. Profit is the difference between income and expenses...
The end of the financial year used to be a simple routine for many Australians: gather the paperwork, fill in the return and send it off....
Transport businesses grow by adding trucks, and every truck on the lot is bought or financed before it earns a dollar. For a small operator in...
Most small businesses need an accountant at tax time. A legal practice needs more, because a law firm is not structured like other businesses. It carries...
Tax is one of those subjects that most small-business owners deal with twice a year and worry about in between. Receipts gather in a drawer, records...
For an owner-driver or a small transport business in Geelong, a truck is the most expensive asset on the books, and how it is financed sets...
