When it comes to establishing a legal structure for your not-for-profit organisation, the choice between a company limited by guarantee and an incorporated association is crucial. This decision can impact everything from compliance and reporting requirements to operational flexibility and cost. In this guide, we compare these two structures to help you determine the best …
Overview Effective financial management is crucial to the success of any business, especially for small business owners. It’s not just about keeping the lights on—it’s about making informed decisions that drive growth and profitability. While you might be an expert in your industry, financial management might not come naturally to you. But don’t worry—BOA & …
Top 10 Tips for Effective Financial Management Every Business Owner Should Know Read More »
Money flows in and out of your business every day. While it’s easy to focus on the money coming in, understanding the money going out is just as crucial. Tracking both your business expenses and income isn’t just about staying organized—it’s about building a solid foundation for growth and success. Let’s explore why this practice …
Keeping Your Business on Track: Managing Expenses and Income Efficiently Read More »
The thought of creating a financial plan might feel overwhelming, especially if accounting isn’t your strong suit. But don’t worry—we’re here to make the process straightforward and easy to understand. No matter your experience level, you’ll be able to develop a financial plan that sets your business on the path to success. Let’s dive into …
How to Create a Financial Plan for Your Business – The Easy Way Read More »
As Australia continues to foster economic growth and innovation, the government offers a range of grants and incentives to support businesses across various sectors. These programs are designed to help businesses expand, innovate, and remain competitive in a dynamic marketplace. In this article, we’ll explore some of the key government grants and incentives available in …
Government Grants and Incentives for Australian Businesses in 2024 Read More »
Time is a finite resource, and for business owners, it is one of the most valuable assets. Effective time management is essential not only for personal productivity but also for the overall success of a business. As a leader, the way you manage your time sets the tone for your entire organization. By cultivating a …
Time Management for Business Owners: Boost Productivity and Efficiency with BOA & Co. Read More »
Creating a subsidiary can be a strategic move for businesses looking to expand, manage risk, or streamline operations. However, it’s crucial to understand the right circumstances and timing for establishing a subsidiary. Here’s a detailed guide to help you determine when to create a subsidiary and the potential advantages it offers. What is a Subsidiary? …
The Right Time to Establish a Subsidiary and the Benefits it can Bring to your Business Read More »
What Do I Need to Know About the Changes to Casual Employment and Independent Contractor Definitions? Recent legislative changes have redefined casual employment and independent contractor definitions in Australia. These changes have significant implications for employers and workers alike. Here’s a comprehensive guide on what you need to know and how these changes might affect …
Understanding Changes to Casual Employment and Independent Contractor Definitions Read More »
As we approach the Lunar New Year, businesses worldwide are preparing to welcome wealth, prosperity, and good fortune. Beyond the festive celebrations, this season carries rich traditions and superstitions that can influence business success. Let’s delve into some lighthearted yet potentially lucrative Chinese and Asian superstitions every business owner should know, unlocking the potential for …
18 Prosperous Business Practices for Lunar New Year: Embracing Wealth and Wisdom Read More »
In the fast-paced realm of business, staying ahead is key. Many businesses gain a strategic edge by adopting a holding company structure. Unlike traditional companies, a holding company doesn’t produce goods or services; instead, it owns other companies, known as subsidiaries. But how does this work, and why is it advantageous? This guide explores the …
Mastering the Holding Company: A Comprehensive Guide to Business Structure Optimization Read More »