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Small business owners need to consider many things, and effectively managing your finances will likely be high on your list. Accounting software is a valuable and highly efficient tool that can lead to more effective business management.  In this guide, we’ll detail how to use accounting software to efficiently manage your small business finances, providing …

How to Use Accounting Software to Manage Your Small Business Finances Read More »

Why is my tax refund so small? The tax refund many Australians expect has dramatically reduced. We show you why. There is a psychology to tax refunds that successive Governments have been reticent to tamper with. As a nation, Australia relies heavily on personal and corporate income tax, with personal income tax including taxes on …

YBM Newsletter – August 2023 Read More »

Creating a balance sheet is one of the best ways to provide accountants and lenders with an overview of your company’s critical financial data, detailing liabilities, assets, and equity to measure your business’s financial health. Creating a balance sheet will be straightforward when you have a sound accounting system and your financial records are up-to-date. …

How to Create a Balance Sheet for Your Small Business Read More »

Recently during the 2022-23 budget announcement two boosts related to small business, which were announced last year, were flagged again. While not legislated at the time of writing this article, this is great news for the small businesses looking to invest in training their employees and businesses looking to invest in digital services and assets. Both initiatives are …

Small business skill & training and investment boost Read More »

A good accounting software has the ability to forecast sales, predict revenue for a given period, and manage inventory. As a result, it helps to exponentially reduce the chances of human error and allows you to access critical information in just a few clicks. However, choosing accounting software that aligns with your business’s financial goals …

How Do I Choose Good Accounting Software? Read More »

Retirement as a business owner is something that will likely sneak up on you because business owners are so focused on the here and now for management success.  Although you have undoubtedly considered the prospect of retirement in coming years, it might simply seem to be a thought for later.  So how can you tell …

When and how to retire from your own business Read More »

Superannuation changes…there’s quite a few of them and they will impact both employers and employees. Here’s what you need to know!

YBM wishes all of our clients a happy and safe holiday period and are looking forward to seeing you all in 2021.