Business Blog.

Keep up to date with a wide variety of business topics. This will help in business and every day life.
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Review your expenses - and save yourself money

Spend management is all about getting in control of your expenses – and, where possible, aiming to reduce the level of costs and overheads that you incur as a company.

Riding the waves of technological advancements

Technology is changing how we do business, adopting and integrating these new technologies is essential if you want to remain competitive.

Tax planning helps you do more with your money

Tax may be boring, but smart use of tax planning is a superb way to help you do more with your money.

Using testimonials and case studies to boost your business

You can spend all day telling people how wonderful and great your product or service is, but what they really want is proof. Ask your most loyal customers to send you a short statement on why they chose you, or what they like about your product or service.

Owning vs Renting your commercial premises for your business.

Are you tired of paying rent for your commercial premises and are considering buying property for your business? Owning a building works best if your business is well-established, you have money to invest, and you are taking a long-term approach.

Finding and retaining key talent for your business

Globally, 4 in 5 employers report difficulty finding the skilled talent they require. So, how do you find the people your business needs? Keep reading for five ways to  maximise your prospects of finding the talent you need.

Setting goals for you and your business in 2024

With the new year comes new year’s resolutions. Whether you aim to grow your business or create more personal time, having a clear vision and actionable goals can help you achieve your long-term plans. Here are some tips to get you started.

Discover the untapped potential of Instagram for your business

From creating eye-catching content to using hashtags effectively, this guide will help you build an impactful presence on Instagram. 

Holiday Cashflow for Your Small Business

As the holiday time of year approaches, it can be hard on small business. Is your business cashflow in good health to carry you through? Keep reading for tips to minimise the stress of cashflow over a holiday period so you can have a well deserved break.

Rules and entitlements during the end-of-year holiday season

As we head into the summer holiday period, we have some tips to help you navigate the sometimes confusing rules on entitlements for public holidays, shutdowns and leave provisions. 

Next-Level Business Support: WDF now offers HR Services to further support you

As a business owner, you know best of all that running a business is like juggling a dozen balls at once. As your business grows, so do your HR needs. Now WDF can help with your HR requirements.

10 questions to ask yourself as a business owner

Do you want to take your business to the next level? Here are 10 questions to ask yourself as a business owner to help position your drive to growth and success.

Christmas Parties, Gifts and FBT

The countdown to Christmas and the end of year is on. Make sure to consider tax implications as you plan your business end of year function and gifts for employees and valued clients.

Every Business Starts with an Idea

Every business starts with an idea. It might be a crazy concept that’s never been done before or a twist on a common product or service. It might be something everyone will want, or it might fill a tiny niche in the market. There’s no single way to find the best business idea – it’s about finding the one that suits you best. So how do you do that?

Top tips for building a strong company culture

No doubt we’ve all experienced working in ‘good’ places and ‘not-so-good’ places. The work environment is one of the top reasons people leave their jobs. There are a lot of good business reasons to focus on creating a positive culture in your company. Keep reading for tips on how to develop and maintain a good company culture.

Understanding Your Profit and Loss Statement

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. Learning about the relationship between costs and revenue can assist you in making better business decisions.

Understanding Cashflow

Positive cashflow is integral to running a successful business. Here is our guide to understanding cashflow and how to get in control of your cashflow position.

Demystifying the PAYG Instalment System

Navigating the Australian tax landscape can be a complex endeavor, but understanding the intricacies of the PAYG Instalment System can make the process much smoother.

Avoid ATO's Increased Tax Penalties

After a recent increase in ATO penalty rates in January 2023 and July 2023, this can now mean that if you fall behind on your tax lodgments you can expect the financial penalties to increase substantially. 

5 Questions to ask when you are buying a business

Purchasing an existing company is a great way to expand your business empire. Whether this is buying out a competitor or dipping your toe into a new industry it is important to make sure you ask all the right questions before going ahead. 

Tips for Improving Inventory Management

Managing your inventory to have the right products at the right time for your customers is critical in retail. Keep reading our blog for tips on product sourcing, tracking metrics and other key areas. 

Tax Tips for Self-Managed Superannuation Funds

SMSF management can be time consuming and complicated. It's important to get your deductions and record keeping correct for the SMSF audit process and tax return.

Fringe Benefits Tax and Business

Benefits provided to employees or their associates in addition to salary or wages are known as fringe benefits. These benefits are paid for by the employer from pre-tax earnings, making the provision of benefits attractive to employees.

Tax Tips for Individuals

Are you making the most of allowable tax deductions? We'll help you understand what you can claim.