Accountants can provide assistance at various phases during the growth of a business. In fact, they can handle a lot more besides the typical payroll and tax returns. This does not mean you always have to hire an accountant on a full-time basis. At times just a few hours of their time is enough, especially if you are running a start-up business. Therefore, what other stages during the life of a small-sized business might you need to employ the services of an accountant?
More Australians than ever are deciding to strike out on their own and set up a business. If you are one of them, these can be exciting times as you look forward to dictating your own future. However, you have to understand the risks involved and how you can best protect yourself, so you don't just become another statistic as a failed business owner. What are the most common threats facing you in this situation today, and what can you do to protect yourself?
If you are trying to get out from the grip of a credit card debt, it's important to build up an emergency fund to stop the temptation to reach for the card again. Here are some tips to help you build up that fund.
How much money do I need?
Ideally, you want to build up to having 3 months of living expenses, to cover any expenses as well as losing your income source.