Do you work in the health and fitness industry? There are tax deductions suited to your industry that you can include in your next tax in order to maximise your return! In this blog post, we’re sharing with you some of the common tax deductions for personal trainers.

Are your clients not paying on time? Overdue debts can cause serious cash flow problems within your business so it’s important to make sure you have a good process in place for getting paid. We’ve previously shared tips on recovering debt but if you have a good system in place you can prevent customers from owing you overdue money in the first place. Remember, prevention is better than collection! Here are ways to prevent client debt:

Now that we are past the Christmas and New Year period, we are heading straight towards every business’ favourite time of the year -the end of the financial year! This is often a stressful time for small businesses, particularly sole traders, who aren’t always aware of exactly what they need to do to prepare for tax time. There’s one sure way to avoid that last-minute rush: making sure you’re prepared for tax time.

Do you have clients or customers that aren’t paying on time? Asking for an overdue debt to be paid is an uncomfortable but sometimes necessary part of being a business owner. Usually, sending a friendly reminder or giving a courtesy call is enough to prompt the customer to pay you. But if the customer isn't responsive, you might have to escalate the situation. Here are some steps you can take as a guide to receiving an overdue payment from a customer.

As a business owner, your business’s financial health is of the greatest importance. There is more to measuring the financial health of your business, however than simply looking at how much money is in your bank. In fact, there are many tell-tale signs that indicate your business is financially unhealthy. Recognising them can make all the difference in ensuring your business survives. Let’s take a look at 5 signs of poor financial health in small businesses.

If you want your business to make more money, there are only 4 ways to increase revenue: increasing the number of customers, increasing average transaction size, increasing the frequency of transactions per customer, and raising your prices. Understanding the 4 ways in which to increase your revenue can be helpful in deciding how and where to focus your efforts in building your business. So let's jump into it!