Australian Business News and Times

Business News ,Reports and Times of Australia

Finance

How to Get the Most Out Your Business Trip to Australia

by Leave a Comment

trip to australia business

When making a business trip to Australia, you may wonder how you can make the best out of your journey. If you take care of the following concerns, it may be easier for you to make your business trip to Australia a thrilling event.

Organise Your Schedule

While travelling to Australia, there is a need to have an order to prevent unnecessary anxiety. Have a clear hierarchy of events so that nothing may overwhelm you as you take part in the trip. This will ensure that you get the best out of your business trip to Australia.

Consider Renting a Car

While on your trip you will need to have transport facilities. It is necessary that you get the most convenient means while remaining within the scope of your mission. Hiring a car will be an excellent way to solve your transport of issues. Remember that people in Australia drive on the left side of the road. Also, in Australia, there are many private car transport companies. Don’t forget to have a plan for any accidents on the road as well!

Online Services

Business trips, in most cases, do not give you too much time at your disposal. Instead of taking everything personal, try making an online booking to save on time and costs. Doing this will ensure you do things quickly and avoid moving around. You may get lost and end up in the headlines. Take advantage of technology.

Use Corporate Apartments

Hotel rooms have been used for many years to solve accommodation issues. Though while in your business trip to Australia, you may consider a better provider of this service. The corporate residence will give an assurance of personalised services which can suit your business trip. It will also be quite adventures having an out of hotel experience.

Money

Monetary issues are quite fundamental in most aspects of human life. In your trip, you must also be in a position to understand this vital determinant. What is the worth of your currency compared to that of Australia? You may need to have your cash exchanged to the local currency to make your work easier and trip enjoyable. It is also wise to have enough money for your trip.

Kill Two Birds with One Stone

You can try solving most of your problems using one service provider. Most companies nowadays have linked services. The corporate apartments may also have car rental services etc. Try answering all your questions using one service provider to help boost your bargaining power and ensure quick and timely transactions.

Seek Necessary Information

While on your trip to Australia, try knowing more about the country, its culture, the dos, the don’ts, and the untouchables. It will help you understand how to behave and respond to specific issues. It will also prepare you to know what to expect outside the scope of your trip.

Have Plans to Explore the Locality

Australia, like many other countries, have a lot of things peculiar about them. The cultural practices, the animals, and the natural aesthetics will be of great benefit to your adventurous impel. Get out of the tight and official schedule and have some fun. It is necessary to give yourself a little holiday on the trip to relax and create some memories.

The above golden tips will add more fun to your trip to Australia, and you will have a memory preserved. You can mean business and not spoil anything with some fun. Enjoy Your Trip.

The Benefits of a Freight Forwarders Liability Insurance

by Leave a Comment

cargo insurance and rates

Transporting cargo across national and international borders is now easier than ever. Many shipping companies even operate across continents with ease. However, everyone involved in the delivery of these products always experiences worries on whether the cargo will arrive on time and whether it will get damaged in transit. In case the goods get damaged, everyone involved will have to pay huge sums of money in legal settlements, and that can be very bad for business. To reduce the stress involved in the transport of cargo, you should consider taking out an insurance plan for freight forwarder.

Benefits of a Freight Forwarder Liability Insurance

Here are some of the reasons why you should take a freights forwarder liability insurance policy:

  1. It Protects You from Legal Liability

Your company could stand to lose a lot of money if a client takes legal action on the loss or damage of their cargo. Since you are not in direct control of the goods, you can reduce the potential losses from such cases by taking out an insurance plan. With such a policy, the insurance company will be responsible for the payments resulting from the loss or damage of the goods. In fact, they will also cover business interruptions arising from the events. In other words, a freights forwarders liability insurance plan will transfer the legal risks to the insurance company.

2. It Protects Your Property and Contents

Natural calamities may strike at any time, and there’s no telling whether they will affect your business. The only sure way to make sure you don’t suffer losses when these events occur is by taking out a freights forwarders liability insurance plan. These insurance policies typically cover all services offered by the distribution, storage, and transport of cargo. Your property is used to performs some of these functions, and that means it is automatically covered in the plan.

3. It Protects You From Employer Liability

Very few things can stress an employer more than the threat of getting sued by an injured or sick worker. These compensation claims are usually very high, and they can easily cause financial stress in your company. With a freights forwarders liability insurance plan, you will be covered from this liability. That means any employee who gets injured because of their work will be compensated by the insurance company.

4. It is Affordable

Unlike many other forms of insurance, freights forwarders liability insurance is able to cover many things under a single umbrella. As mentioned earlier, the insurers endeavour to cover all the services offered on the cargo, and this includes its transport and storage. The result of this is that you will not have to pay multiple fees for different types of covers. You will eventually eliminate the duplication of services, and that will keep the pricing as low as possible.

Conclusion

Freights forwarders liability insurance is essential to all parties involved in the delivery of goods, particularly if the transaction is made across international borders. With this insurance, you will be protected from legal issues that may arise from the damage of loss of the goods. You will also protect your property and will receive coverage for any injuries on your workers. You can visit insurance brokers to get the best deals on the market.

Featured Photo © Pixabay

About The Author:

Caroline Bird is a creative writer and digital marketer. She loves sharing her perspective, tips and how-tos related to home improvement, productivity, business, technology, and SEO through her writing. Connect with Caroline via @bCarolinebird12

How to Find a Car Broker to Help You Sell Your Used Car

by Leave a Comment

car dealers australia

Photo © Pixabay

There are numerous reasons to sell your car. You probably want to raise money for other expenses, you want to get a better brand, or you want to eliminate the cost of fuel among other reasons. Whichever the reason for your sale, selling a used car can be a daunting process especially if you are not familiar with the car dealer market and are probably looking for the best answer on how to sell a used car.

One of the best options for selling a used car is to hire a broker. This is a person that acts as an intermediary between you and the buyer. The goal is to make the selling process exciting and seamless, both for you and the buyer, which is what you get by involving a broker.

Consider the Cost

How much do car brokers charge? This should be on top of the questions that come to your mind once you decide to hire a broker. This will guide you into choosing one with the most reasonable charges and one that fits in your budget. Ideally, auto brokers charge a flat fee of between $200 and $500 depending on your location and the services you wish to get from them.

Customer Reviews

You can never be wrong about someone or something by listening to what others have to say about them. If you are doing an online search, you will most likely find a review section on their website, and here, you will see what others have to say about the broker or firm. If the negative reviews are more than the positive ones, that should raise a red flag, and you should consider the next one. Repeat the process until you find the most competent.

Go for a Licensed and Certified Broker

While getting a broker is one of the best ways to sell a used car, you might get in trouble if you choose the dealer in a hurry. You do not want to work with an unauthorized dealer as that could lead you on the wrong side of the law and eventually incur losses. You could be working with thieves and have no way of reporting them as you have none of their documentation to prove their existence.

Let them show the license to you first before getting into the deal. Brokers have been in the industry for an extended period, and therefore, understand all the loopholes through the market which assures you of the best deals. Ultimately, the best way to sell your car quickly is to hire a broker.

Conduct Online Checks

It is crucial for you to conduct online checks on what a broker can offer. Some car brokers deal exclusively in luxury or new cars and would thus not be helpful when looking forward to selling your used car. Online checks are also vital in obtaining a broker’s reviews from their past clients in far-flung areas.

Establish How Long They Have Been in the Business

A broker’s years of experience in the sale of motor vehicles is an important consideration since it conveys their level of knowledge, which has a direct impact on your sale. Experienced brokers have wide connections and will take less time before they find a buyer.

Additionally, experienced brokers have a thorough understanding of what buyers consider to be crucial when shopping for a second-hand vehicle including a fresh coat of paint and new tires among others.

Car brokers can save you from the hassle of looking for used car buyers and they can generate you money by finding you the best deals. Do not be afraid of the cost incurred when paying them but instead look at the bigger picture. With the provided tips, you will undoubtedly get the best broker to sell your used car. All the best!

About the Author:

Caroline Bird is a creative writer and digital marketer. She loves sharing her perspective, tips and how-tos related to productivity, business, technology, and SEO through her writing. Connect with Caroline via @bCarolinebird12

Australian Small Business Grants in 2019

by Leave a Comment

The Australian government is giving small businesses a boost with financial help in the form of payment incentives, tax credits or grants. To qualify for a grant, your business should be a start-up or a small and medium-sized business. The annual turnover of your business may come into play if you want to apply for some of the grants.

We will explore some of the business grants available to your business below.

Australian Government Entrepreneurs Program

To encourage productivity, competitiveness, and commercialization of ideas, the Federal Government is providing this grant to entrepreneurs. To accelerate commercialisation, the grant will give funding of up to $1 million for any process that goes into bringing a new product, service, and process into the market.

small business outlook 2019

Business advisors will be at hand to mentor and help in implementing strategies. They will also help create a business evaluation action plan that will recommend how to grow and improve. 

Your business must have an annual turnover of between $1.5 and $100 million. The company must also be in a particular growth sector like manufacturing, mining technology, medical-technology agribusiness, food, among others.

Start-up and existing incubators will receive up to $500,000 to help them access international markets.

State Government Grants – Victoria

These grants are available for people who live in the Victoria area and are available for anyone in food innovation, Social Enterprise, Defence and Aerospace, exports to Asia and advanced manufacturing.

Anyone who successfully applies will get vouchers that they can use in innovation, market engagement, and business capability.

Winning a state government grant can provide prestige and credibility, with the appearance of a small business critical to help it get off the ground. In addition, the most obvious benefit of this grant is that, unlike a loan, grants do not need to be repaid. This can provide you with a unique advantage over your competition.

According to the short-term finance experts at Maxiron Capital, “The approval of state funding can provide the same boost to a small business or start-up as a small business loan. With no repayments to make there is the opportunity to use short-term financing to scale at speed and drive home the advantage provided through state grants.”


State Government Grants – Queensland

This $50,000 Grant is available for businesses that need to purchase specialised Services or equipment. The grant aims to accelerate the growth of businesses that have high growth and employment aspirations.

According to the Queensland Government, Business Queensland, “Business innovation often requires an up-front investment of resources to develop new ideas, with a view to future profits. For businesses that are unable to fund their own ideas, a range of grants and financial assistance is available to support innovation.”

In order to find the specific grant, you can go over the Grant Directories.

clip_image004

State Government Grants – New South Wales

The $2000 Grant is for businesses that hire new employees without paying payroll tax. The company will get the grant for every new employee they hire.

There are typically two types of grants for employee hiring, both of which will require you to understand your taxation and legal rights. A Small Business Grant is aimed at small businesses looking to increase their headcount, which means businesses that are paying less than $750,000 a year in wages and therefore falling under the NSW Payroll Tax threshold.

With the ability of grants to transform your business, the legal experts at Southern Coast Lawyers indicate that “you should always be aware of relevant state legislation pertaining to your business. Knowing your legal responsibilities and ensuring you are working within these parameters can ensure you are eligible for business grants when they become available to you.”

Then there is the other typical grant that is the Jobs Action Plan. This is for larger businesses, so it is important to identify which type of grant suits your needs the most.

CSIRO Kick Start Grant

Any Australian SME or start-up can qualify for the $50000 matched funding Grant. 

The fund will aid in research activities done together with CSIRO to grow the business. Your company must have an Australian company number (ACN) have an annual turnover of below $1.5 million, and GST registered.

The research will cover areas such as product development, ideas with commercial potential, and testing of products or materials. It should not be less than a one-year research project.

CSIRO will provide between $10000 and $50000 in matched funding for your research investment.

Certain Inputs to Manufacture (CIM) programme

CIM is a concession which will allow manufacturers in Australia to import specific raw material like chemicals, paper goods, plastic and metal for food packaging, duty-free.

You will only get the grant if you can prove that you cannot get the same quality of the product in the domestic market.

R & D Tax Incentive

The R&D tax incentive will give a company a 43.5% refundable tax, for any costs that arise due to research and development activities.

To be considered for the grant, the company has to be incorporated, and have R&D reductions or costs of $20,000 at the minimum. You must also have an annual turnover of no less than$20 million.

Australian Government Restart Incentive

The Australian Government Restart Incentive is a grant that will go to any business that employs and retains mature employees of age 50 and above.

The company must have a valid ABN, is a member of an unemployment service provider, and should offer the employee a minimum of 20 hours per week. Your company will receive a payment of $10,000 over six months.

5 Tips To Ensure That You Get The Right Personal Loan For Your Needs

by Leave a Comment

personal loans australia

With the accessibility to financing today and also to technology, more Australians can access funding hassle-free. Online funding, for one, has become a very normal part of life where those seeking financing can do so with ease in order to pay for a home, car, boat, business, or any personal project you may be embarking on. Traditional financing institutions have a variety of loan products that can meet the needs of the average consumer, allowing you to pursue your goals.

A personal loan is one of the many products offered through lending institutions, and it allows consumers to borrow money for a variety of projects. Typically, consumers only need to supply lenders with the reason for the loan and other important information related to their financial health. Through the many personal loans, Australia can be the backdrop to fulfilling your financial dreams and goals, once you have secured the right financing to meet your needs.

Continue reading to learn how you can successfully obtain a personal loan that best meets your needs.

Consider The Purpose

When looking to take out a loan, consumers should pay attention to the purpose of the loan because it will help them in choosing a loan program that best suits their needs. For example, when taking out a personal loan used to fund a trip overseas, certain considerations will be of import. For one, the length of the loan is important because you want to pay it off quickly so as to avoid interest. The loan amount is important as well because the trip might not require full financing. When thinking deliberately regarding the loan’s use, consumers are more likely to make wise choices.

Get Schooled On Lending

Consumers should also take time to research different lending practices. In the last decade or so, financing has drastically changed to the point where consumers can choose from a variety of ways to fund a project. Furthermore, with the introduction of online institutions and a quick and easy application process, consumers can access funding quickly and easily. Also, lending institutions have made it possible for some people, who typically would not have access to financing, with the ability to borrow. Finally, with many of the lending institutions competing against one another, usual application standards can supplement an application that might not meet the normal standards.

Compare Rate Types

The two more popular interest rate types are fixed and variable with each having their own benefits. Both rates are set by the market and financing institutions, but the fixed interest rate does not change throughout the life of the loan. The variable interest rate loan, however, changes throughout the loan, and the great benefit to borrowers is that they can get a very low rate loan if the market is good, which decreases the total loan amount financed. Alternatively, if interest rates spike for any reason, the monthly payment can balloon increasing this balance.

Prepare Your Budget

Before you apply, consider putting together a budget to see how much of a loan you can actually afford. A simple budget can list all of your expenses and all of your income. Then, subtract the expenses from your income to get an estimate of how much extra income you have available.

Use An Online Calculator

Figuring out how much to borrow can begin right at home because today’s online calculators make doing the calculations very simple. Many calculators can give you a variety of information including monthly payment, interest rate, time, principal balance, and total payments. These calculators range from the very simple that asks you to plug in information to ones that can calculate for different factors.

Guaranteed Approval

Getting approved for a loan is not a difficult feat, especially with all of the tools available to consumers. In fact, most of the work required to get your loan approved can be done from the comfort of your living room. Ultimately, the more prepared you are before applying the more likely you are likely to successfully find a loan that will meet your needs.

Economic Emergency – What to do When Hard Times Hit

by Leave a Comment

Photo by Noah Silliman on Unsplash

Financial hard times happen to the best of us. Whether it’s a failing economy or the loss of a job, struggling to pay the bills and trying to make ends meet can be exhausting and scary.

While there’s not much you can do to control the economy or even your employment, there are things you can do to improve your financial situation, secure your future, and weather any economic disasters that may loom over the horizon. The list below is designed to help you get through when hard times hit, so you come out on the other side with your financial life intact:

Avoid the Payday Loan Trap

While it’s tempting to head to a payday loan store when you need cash fast, this can be a serious mistake. Payday loans only add to your stress by hitting you with extremely high interest rates and even more outrageous fees if you can’t pay on time.

If you absolutely need cash fast a growing number of responsible microfinance lenders offer small cash loans online with less onerous terms Designed to help you out of a pinch without the astronomical fees, these options can help improve your financial resilience.

Do Away with Unnecessary Things

Many people spend money on non-essential items, leaving them less disposable income for the things they truly need. It can sometimes be difficult to distinguish between which items are necessary and which aren’t. The best way to do this is to write every purchase down along with its price.

At the end of the week, go through the list and decide which items you could do without. When you see the things you buy in a more objective light, it puts into perspective how much money you could be saving by reining in unnecessary expenditure.

Cut Back

Depending on your situation, it may make more sense to cut back on some things rather than cutting them out. For instance, do you really need an unlimited data plan for your cell phone? What about that premium cable package? How often do you actually watch all those movie channels? Cutting back on things you don’t fully use can add up to significant savings each month.

Consider Refinancing Your Home

If hard times have you struggling to pay your bills, but your credit is still in good shape, consider refinancing your home. This simple act could save enough money each month to help you ride out your financial difficulties much more easily.

Re-evaluate Your Insurance Policies

It’s very common to be over-insured, especially when you don’t fully understand complicated insurance lingo. You could be shelling out more money than necessary for more coverage than you need. To find out, and potentially save a lot of money each month, contact your insurance agent to discuss the details of your policies. Be sure you’re getting all the discounts available to you, including good driving record, theft deterrent devices, and safety equipment discounts.

Continue Saving for Retirement

Retirement will come, whether you like it, or not. You have to be ready when it arrives, and that means continuing to save for it no matter what your financial situation. Barring a complete financial loss, don’t stop putting even a small amount each month aside for your golden years, and don’t borrow against your 401k if you can avoid it.

Financial hard times can hit anyone. However, it’s how you react to them that makes the difference. Keeping a level head and using smart tactics like the ones mentioned above will help you ride out the storm with the least amount of stress and frustration.

How Merchant Cash Advances Are Helping Small Businesses

by Leave a Comment

merchant business loans

Small businesses play an important role in the Australian economy by continually meeting the increasing demand for jobs. However, small businesses that want to expand are often held back by lack of working capital and the difficulty of obtaining business loans.

Some turn to local banks, but banks do not make it easy for small businesses to acquire loans if they’ve not been in business for many years. Fortunately, these days there are other financing options for small businesses, and one of them is the merchant cash advance.

So, what is a merchant cash advance, and how does it work?

finance for business

Merchant cash advances are innovative financial products offered by companies like Brisbane-based Beyond Merchant Capital that are ideal sources of additional working capital for businesses for which credit card sales make up a substantial proportion of their turnover.

To clarify, a merchant cash advance is not a business loan, but rather an advance based on the credit and debit card revenues of the business.

A lot of small businesses turn to merchant cash advance lenders because the application is fast and easy – whereas bank loans can take a long time to approve. Also, paying the advance is faster because the lender takes an agreed percentage from the business’ debit and credit card sales, so the higher the sales, the quicker the debt is paid off.

 

Pros of a Merchant Cash Advance

borrow money for business australia

You get money quickly.

This is one of the biggest advantages of a merchant cash advance. Unlike bank loans where it takes weeks, or even months, to get approved, merchant cash advance lenders have quick application processes.

As a result, borrowers get a response in hours and if approved they receive the funding in days.

 

Providing collateral is not a requirement.

The approval of a merchant cash advance is based on the past credit card transactions of the business. If the business has a steady flow of credit card sales, the advance is likely to be approved – whereas with bank loans only about a quarter of small business loan applications are approved.

 

The amount required to pay monthly is not fixed.

With a merchant cash advance, the monthly payment is a percentage of the monthly credit card sales. So, more cash flow means that the advance can be paid off sooner. On the other hand, if business is slow, it will take more time to pay off the debt.

 

A good credit rating is not required.

Merchant cash advance lenders are more lenient when it comes to business credit ratings because they base the approval on how strong the credit card sales are.

 

Cons of a Merchant Cash Advance

A merchant cash advance may have higher interest charges and fees.

Banks are regulated by the government and have access to sources of funding at cheaper interest rates, so can offer business loans at lower interest rates than other financiers.

On the other hand, merchant cash advance lenders’ may charge higher fees and interest rates because their industry is not subject to the same regulations as banks.

Conclusion

Merchant cash advances are one of a number of new products offered by financial services providers that play a vital role in keeping small businesses alive.

This type of financing helps small businesses grow by providing fast access to funding for expansion when businesses see suitable opportunities to do so.

Choosing which type of financing to apply for should be thought about carefully. A merchant cash advance is best suited to businesses with a heavy reliance on credit card sales.

A merchant cash advance can be more expensive than a bank loan, but if the business is thriving, it is easier to pay.

What Do You Know About the History of Australian Gold Coins

by Leave a Comment

gold investing

If you’ve been born and raised in Australia, you would be familiar with the tales of the infamous gold rushes and the “diggers” who worked in these gold fields.

The Australian gold rush began in the nineteenth century. It is something that has become an integral part of the national history. A walk through the pages of the Australian culture and heritage would be incomplete without the chapters on gold.

So, who discovered gold in Australia? Where was it found? And how did we get the Australian gold coins?

lunar gold coin australia

When you’re out buying Australian gold coins, seldom does it happen that you make an effort to find out the history behind them. Thankfully for you, we are outlining the entire timeline right here for you!

The Gold Rush

It all began during the early nineteenth century. The colonial settlers had begun settling into the country and with them came the development that laid the foundation for the modernised nation that we are today. The immigrants that came to Australia included shepherds, European pioneers, and explorers.

It was between the 1820 and 1841 that these foreign settlers found gold reserves in the Blue Mountains and the quartz reefs of Australia. However, it was not until Edward Hargraves located gold near Bathurst in New South Wales in 1851 and made a public announcement about that, that all hell broke loose.

There were several other gold discoveries made during the same year and migrants started pouring into the country to get their hands on the gold. The influx of enthusiastic miners was so strong that the colonial authorities had to impose taxes.

The First Gold Coins

What followed was a revolt and the Battle of Eureka Stockade, which once ended, led to the production of Australia’s first ever gold coin. In the year 1854, Sydney became home to the first gold mint in Australia. It was a branch of the Royal Mint – the first one outside of England – opened to produce the very first sovereign coins crafted out of Australian gold.

It’s indeed safe to say that it was the British who introduced the concept of independent gold coins down under.

More Mints More Gold

From there on, Australia never looked back. There were several remarkable discoveries of gold reserves in the country, like the ones at Coolgardie and near Kalgoorlie over the next four decades. In 1872, the Royal Mint opened its second branch in Australia – this time in Melbourne. In 1899, Premier Sir John Forrest succeeded in gaining permission for a third branch of Royal Mint in Perth. By 1957, the Perth Mint had effectively begun refining gold up to 999.999 level of purity as per the standards of the Worshipful Company of Goldsmiths – which soon became a benchmark for all gold sold under the Royal Mint seal.

The Official Australian Bullion

In 1976, the Australian Commonwealth removed all restrictions on Australian residents over the buying and selling of gold. It wasn’t until 1985 that the Commonwealth rallied for a sovereign gold bullion coin program to encourage the trade of Australian gold in world markets. The program was eventually launched in 1987.

In case you’re wondering when the iconic Kangaroo design theme was introduced to these gold bullions – it was in the year 1989!

Possible bearish reversal in silver as resistance cluster ahead

by Leave a Comment

After the long bearish ride in the silver, the initial bottom is formed near the critical support level at 16.09.The professional silver trader made a decent profit by riding the long bearish rally in the market. The global market has been facing an extreme level of uncertainty in the recent days and trading CFD has become extremely difficult as the investors don’t have any clear clue regarding the next movement of the mighty U.S dollar. The U.S dollar index has fallen sharply in the ground after Mr. Trump failed to keep his promise regarding fiscal spending and tax cut policy.

Technical analysis of silver in the 4 hour time frame

image

Figure: Silver heading towards the 17.35 level in the 4 hour time frame

From the above figure you can clearly see that the price has bottomed near 16.09 mark and after that, it has started its correction. The price has nicely retraced back above the 38.2 percent Fibonacci retracement level and now currently heading towards the 50 percent retracement level. The professional traders have been trading CFD with an extreme level of caution nowadays since the price of a commodity is now showing wild momentum in the market very often. However, the investors are not staying on the sideline rather they are making the best possible trade in the volatile market.

U.S economic conditions: The performance of the U.S economy is not that great in recent days as most of the leading investors are in doubt regarding the next movement of the green bucks. The green bucks have lost most of its bullish strength in the global market after Mr. Trump failed to keep his promise regarding the increase of fiscal spending and tax cut policy. According to the leading economist, the green bucks might face an extreme level of bearish pressure in the upcoming days as Mr. Trump administration has done very little for the welfare of the U.S economy and made trading CFD extremely difficult. The U.S dollar index which is the overall value of the green buck’s strength in the global market has dropped from its 14 years high in the global market and allowed the price of silver to rally higher. Despite such weak performance from the U.S economy, the optimistic dollar bulls are still in hope that the green bucks will be back again to its former glory upon the interest rate hike decision made by FED chairperson Janet Yellen.

Expectations in market movements: Though the price of silver is rallying higher with a strong bullish momentum in the global market most of the leading investors are thinking that the price will ultimately cap down by the 50 percent Fibonacci retracement level drawn on the daily chart. Moreover, the price has started showing exhaustion candle in the daily time frame which is a very clear indication that the bulls are running out of steam in the global market. Though the overall sentiment for the price of silver remains extremely bearish at the current moment a clear break of the 61.8 percent Fibonacci retracement level will confirm the initial bottom formation in the long term bearish trend in the market. To be precise this will inaugurate the fresh bullish trend in the price of silver which will ultimately dominate the market for at least couple of weeks.

Summary: The price of silver is now trading near a critical zone and the professional traders are cautiously waiting to short the silver to trade in favor of the long-term trend in the market. Though the market is exhibiting a tempting short opportunity the traders should be extremely careful since it might even start a fresh bullish trend in the upcoming weeks. So make sure when you execute the trades in the market you follow proper risk management factors to save your trading capital.

Small Business

by Leave a Comment

You can choose to set up a customised bookkeeping system manually using accounting books cds , electronically via spreadsheets and cloud  or use simple  accounting software

Here is a list of Accounting software for Small businesses  to be compliant with ATO accounting methods according to ato website.

accounting software reviews australia

There are many software packages on the market that allow small business  to successfully control accounts and records without an accounting qualification.

Below accounting software is intended to be developed , keeping in mind the ato accounting guidelines.

accounting software australia calculator

Building and construction industry

As part of the 2011-12 Federal Budget, the government announced the introduction of taxable payments reporting for businesses in the building and construction industry.

The Taxable payments annual report will be required to be submitted by those businesses in the building and construction industry that have paid contractors for building and construction services

From 1 July 2012, businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to us on the Taxable payments annual report.

A list of those developers who have registered their intent supporting the new Taxable payments annual report in their products for the 2012-13 financial year below

Small business accounting software

Accentis Enterprise

Web Address
http://www.accentis.com.au

Description

Accentis Enterprise is a fully-integrated accounting, business management and manufacturing system (ERP/MRP) suitable for businesses having between 2 and 100+ users. Designed for small to medium-sized businesses who have outgrown their off-the-shelf system, Accentis Enterprise is fully designed, manufactured and supported in Australia and has been tailored to suit Australian business who need an affordable, feature-rich and flexible business management solution.

All modules are designed as part of Accentis Enterprise, not third-party add-ons, and include:

– General ledger & financials
– Customers, receivables and Customer Relationship management (CRM)
– Suppliers, payables and Supply Chain Management (SCM)
– Inventory management & warehousing
– Job costing
– Manufacturing (kitting, BOMs, MRP)
– Payroll & Human Resources
– Fixed Assets
– Reporting (over 500 standard reports, all customisable)

MYOB AccountRight Enterprise

Description

Business intelligence and accounting software.
Like AccountRight Premier only more advanced. Use MYOB AccountRight Enterprise (formerly MYOB Premier Enterprise) to drill down to your accounts, payroll and warehouses from wherever you are using Terminal Services. It really does take your numbers to the big stage. It also comes with a 12 month membership to MYOB Cover.

 Xero.com

join for free trail 1

If you want  you can also Try the Demo Company (AU)  and have a play, try out new features and get familiar with Xero, before actually buying – but i would suggest just  getting the free trial first is better which can be done in a few steps (takes 5 minutes) as shown above and giving it a go.

 

 

 

Accrivia

Web Address
http://www.accrivia.com.au

Description

The Accrivia software package offers a range of accounting and operational modules software  (including General Ledger, Cashbook, Payroll, Debtors, Creditors, Jobs / Projects, Inventory and Web Interfacing) and caters for small and medium businesses that require more than an ‘off the shelf’ accounting package.

QuickBooks 2012-13

Web Address
http://www.reckon.com.au

Description

QuickBooks 2012-13 allows access for up to 30 users simultaneously (depending on version used) and includes a comprehensive payroll module, industry specific editions, accounting reports and multi-user capability. QuickBooks 2012-13 also includes the ability to submit your BAS return via the Standard Business Reporting online system.

Classic Software

Web Address
http://classicinfo.com.au

Description

ERP Software for the Mining, Exploration and Oil & Gas Industries

ClearAccounts

Web Address
http://www.clearsoftware.com.au

Description

ClearAccounts is a complete windows based multi-user accounting system designed with flexibility for medium to large size companies, compliant with ATO regulations. The core modules include Debtors, Inventory, Creditors (Cashbook), and General Ledger and can include Purchase Orders, Sales Orders, Payroll, Job Costing, Bill of Materials (Kits), Fixed Assets, Sales Quotes, Foreign Shipping, Overseas Creditors, Colour Selections (Tiles), Point of Sale and Masterviews & Charts, fully integrated. ClearAccounts includes electronic creditors payments bank file creation, electronic filing of BAS, bulk emailing facilities and can have custom modifications to meet specific company requirements

Arrow Financials

Web Address
http://www.arrow.net.au

Description

Arrow Financials delivers to businesses timely and accurate information, smart drill downs menus, extensive audit trails, real time interactivity for immediate data update and response. Arrow Financials is modular in its design, which enables you to select the modules in a combination that best meets your individual business requirements. Available modules include Arrow Financials include: Cashbook, Debtors, Creditors, General Ledger, Job/Time Costing, Fixed Assets, Payroll, Purchase Orders, Sales Orders, Stock, Bill of Materials, Foreign Currency, Multi-Company, Security Matrix, Special Pricing Matrix, Front Counter, Serial Batch Tracking, Advanced Sales Analysis.

Tax Assistant

Web Address
http://www.softassist.com.au

Description

Preparation and electronic lodgement of all tax forms 2001 to 2013.
Tax Assistant integ

Attaché Accounts

Web Address
http://attachesoftware.com

Description

Attaché Accounts software is aimed at small to medium businesses that have outgrown off-the-shelf packages and require better network performance, customisation and control. Operational benefits include faster order processing, more flexible pricing, improved stock control and warehouse management, faster debtor payment and advanced reporting. In addition, Attaché Accounts provides specialist solutions such as CRM, Job Costing, Manufacturing and electronic document delivery. Attaché Accounts has no large upfront software payment, just a low monthly amount, and you can scale the software (up to 100 users) to match your growth

Interactive Accounts Manager [IAM]

Web Address
http://iam-online.com.au

Description

Web based online accounting software produces standard reports & SBR reports. The user can interact with their accounting professional well within the software.
This is an ideal software for ABN contractors, Sole traders and micro & small businesses.

E-record replacement

Software to replace E-record software  download is  over here

More information here http://www.ato.gov.au/businesses/paymentsreporting