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The BAS Trap: How Gold Coast Businesses Can Avoid Getting Caught

Running a business on the beautiful Gold Coast is a dream for many. But with the sun, sand, and surf comes the responsibility of managing your business’s finances, including the often-dreaded Business Activity Statement (BAS). Don’t let BAS lodgement become a headache! This comprehensive guide will break down everything you need to know to ensure smooth and compliant BAS lodgement for your Gold Coast business.… Read More »The BAS Trap: How Gold Coast Businesses Can Avoid Getting Caught

Top 5 Tax Deductions Small Businesses Are Missing

Running a small business is a rewarding but challenging endeavor. One area where many business owners unintentionally fall short is maximizing their tax deductions. Missing out on eligible deductions means paying more tax than you need to, impacting your bottom line. This article highlights five common tax deductions that small businesses often overlook, helping you keep more of your hard-earned money. Home-Based Business Expenses: If… Read More »Top 5 Tax Deductions Small Businesses Are Missing

Maximise Your Super: A Guide for Small Business Owners

Superannuation is a crucial part of retirement planning, and as a small business owner, understanding the ins and outs of super can be particularly important. Not only are you responsible for your own retirement savings, but you also have obligations to your employees. This guide provides a comprehensive overview of superannuation for small business owners, covering everything from contributions and compliance to investment strategies and… Read More »Maximise Your Super: A Guide for Small Business Owners

David vs. Goliath: How Small Businesses Can Compete with Larger Competitors

Starting a small business is exciting, but it can also be daunting, especially when you’re competing against larger, more established companies. However, with the right strategies, you can level the playing field and succeed. Identify Your Unique Selling Proposition (USP) Your USP is what sets you apart from the competition. It could be the quality of your product, your excellent customer service, your niche focus,… Read More »David vs. Goliath: How Small Businesses Can Compete with Larger Competitors

Bridging the Gaps: Common BAS and GST Challenges in Construction Businesses

Operating a business within the building and construction industry demands considerable effort. Beyond the physical demands, successful management requires adept planning, scheduling, and financial skills to effectively handle cash flow and subcontractors. Builders face a multitude of challenges, including enduring long hours, extensive travel, and navigating through various regulations. It is not uncommon for bookkeeping and administrative functions to be relegated to a secondary role… Read More »Bridging the Gaps: Common BAS and GST Challenges in Construction Businesses

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Flexible Financial Solutions is a Commercial & Residential lending and Xero bookkeeping specialist located on the Gold Coast. Our focus is simple; to help you keep track of your financial needs so that you can maintain a strong financial position and focus on growing your revenue and your profit.

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