Business Tips, Ideas & Support Articles

Family Business
Advisory

Working Towards Retirement

Working towards retirement? Here’s how to get your finances in order Planning for retirement is an exciting time. However, it can also be daunting, particularly if you’re unsure of how much money you will need to live a comfortable life. Most Australians retire around the age of 65. In 2020-21, men aged 45 are expected to retire at age 65.2, while women are expected to retire almost a year earlier at 64.3. Working towards retirement is a different journey for everyone. Some people move into permanent retirement quickly, while others begin working less hours over several years. Regardless of your situation

Inline Partners January 9, 2022
Budgeting

Drowning in Debt – Simple Budgeting Tips

Drowning in debt? Now’s the time to devise a budget Christmas is fast approaching and for many of us, it’s a time when budgeting goes out the window. However, with careful planning, good budgeting is achievable – and that means you won’t have to enter the new year with a huge financial hangover! Where does the money go? While many people spend thousands of dollars on Christmas gifts, food and alcohol, the average Australian shopper will spend about $1,232 this Christmas, (that’s $23.9 billion nationally), according to Finder. Gifts come in at the top for festive expenses, with Aussies expected to

Inline Partners December 20, 2021
Accounting

How we can help E-commerce businesses

E-Commerce accounting: how we can help! E-commerce businesses are experiencing exponential growth and that means more transactions than ever before. From July 2020 to July 2021, Australia’s online shopping grew almost 32 per cent, according to Australia Post. It’s a staggering figure – one fuelled by the pandemic – but this upward trend is set to continue. Those at the helm of an e-commerce business know that the industry is fast paced and unlike any other – and as an e-commerce business grows, finances tend to get more and more complicated. At Inline Partners, we specialise in accounting services for the

Inline Partners December 6, 2021
Small business owners - time's running out for Director IDs
Small Business

Grow your small business with data

Data tips to help you grow your small business Almost all small businesses experience growing pains. The truth is, successful growth and expansion requires careful consideration and planning. The best way to make informed business decisions is to analyse and use accurate, up-to-date data. Failing to examine and utilise important data can limit potential growth and result in missed opportunities. In fact, research shows that up to 73 per cent of company data goes unused. It’s a bewildering figure. However, often it’s not a case that the business doesn’t want to use the data, rather that, they don’t understand it or

Inline Partners November 15, 2021
Sherzod Norboev - Inline People
Accounting

Small Business Failure

There are 3 key reasons for small business failure and all are preventable. Set yourself up for success right from the beginning.

Inline Partners November 5, 2021
Superannuation

How to boost your superannuation savings

Boost your superannuation savings Many people see their superannuation as money they only need to think about when retirement approaches. However, this shouldn’t be the case. Whether you’re self-employed or working for a company, making good financial choices about your superannuation will help you maximise your savings and live out your dream retirement. Disparities in Australia Unfortunately in Australia, those who are self-employed tend to track behind when it comes to superannuation. In fact, data from the Association of Superannuation Funds of Australian (ASFA), shows that about 20 per cent of the self-employed population have no superannuation, compared with only eight per

Inline Partners October 15, 2021
Family Business
Family Business

How Financial Advice can help your family business grow & succeed

Financial Advice will help your family business grow   Many of Australia’s most successful small to medium-sized businesses are family-owned and run. In fact, family businesses represent 67 percent of all Australian businesses. Most family business owners share similar goals and ambitions – to grow, expand and make the business a long-term success so they can potentially pass it onto the next generation of their family. Research from NAB shows that about a quarter of businesses don’t believe they have adequate levels of financial literacy to run their business. This is why many business owners look to their accountant for help

Inline Partners October 1, 2021
Accountant help you plan for the future
Advisory

Seek Expert Advice

Expert help is available I read an interesting article recently in Domain talking about the tough lending landscape, the increasing difficulties around securing a loan and a reminder to always seek expert advice. https://www.domain.com.au/news/tougher-lending-landscape-for-some-homeowners-and-easier-for-others-mortgage-brokers-1080111/ There is no question that the challenges and pressures of COVID19 have impacted some industries and professions more severely than others. However, I felt disheartened reading this article and found myself waiting for the ‘but’ or the offer of help. Our philosophy at Inline Partners has always been to work with our clients to navigate their problems and challenges, from every angle, to find the best solution

Inline Partners August 17, 2021
Budgeting

How Benchmarking Improves Budgeting for Small Business

As the new year begins, How Benchmarking improves Budgeting for Small Business is the perfect start for success in FY22.  It is best practice for every business owner to review their financial budget at least annually. Budgeting is a daunting task, especially for small businesses, but it doesn’t have to be difficult! There are plenty of ways to make the process more streamlined, and benchmarking is one of the best ways to do that. If you’re looking for some clarity among the mayhem that comes with budgeting, this blog will give you some insight into the benefits of benchmarking for small

Inline Partners June 14, 2021
News

Inline Partners Is Growing

Inline Partners Pty Ltd in an exclusive interview with Eleven Media have announced that Neil Elliott and his clients has joined their practice as a consultant. Inline Partners are Sydney based. They are Chartered Accountants and trusted advisors. Inline Partners offer bookkeeping, taxation, accounting and consulting services. They help their clients to reach their full potential with their professional and caring service.  David Mah Chut, Director of Inline Partners said this when interviewed by Eleven Media, “We are delighted to welcome Neil Elliott and his clients to our practice. Our expansion plans are progressing as planed with rebranding, new online presence and office relocation for better client experience also occurring in tandem”.  Neil Elliott founded NW Elliott &

Inline Partners June 8, 2021

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