Nova Bookkeeping

That long weekend felt amazing, didn't it? But now it's back to reality and you've got one less day to get everything done this week! 😱 Feeling the pressure already? You're passionate about your work, but the never-ending to-do list keeps you from focusing on what you love. It's time to ask yourself: Should you be doing it all? 🤔 At Nova we understand the challenges you face. We can help with your bookkeeping, payroll, BAS, and more, freeing you up to concentrate on your strengths and grow your business. Ready to reclaim your time and reduce stress? Contact Nova for a friendly, obligation-free chat about how we can support you. ☎️ 1800 668 225 🌏 www.novabk.com.au #smallbusiness #businessowner #bookkeeping #timemanagement #stressfree #entrepreneur #businesscoach #cashflow

The Lifeblood of Your Business! Want to keep your business running smoothly and plan for the future? Managing your cash flow is key! Cash flow is simply the money coming in and going out of your business. By keeping a close eye on your income and expenses, you can ensure you have enough funds to cover bills, taxes, and other obligations. Top tips for managing your cash flow: 🔹 Create a cash flow budget: This will help you forecast your income and expenses, identify potential shortfalls, and plan for tax payments and major expenses. 🔸 Track your income and expenses: Use accounting software or spreadsheets to monitor your cash flow regularly. 🔹 Review and update your budget: As your business grows and changes, make sure your budget reflects your current situation. By proactively managing your cash flow, you can: 💰 Meet your financial obligations 💰 Plan for business growth 💰 Make informed business decisions 💰 Secure funding from lenders Need help getting your cash flow under control? Nova Business Services can provide expert guidance and support. Contact us today for an obligation-free chat. ☎️ 1800 668 225 🌏 www.novabk.com.au #cashflow #businessmanagement #financialplanning #bookkeeping #accounting #NovaBusinessServices

The Australian government has introduced new tax incentives to encourage the construction of build-to-rent (BTR) developments. These incentives aim to increase the availability of rental properties and provide greater certainty for those involved in the BTR sector. What are the incentives? 🔹 Faster depreciation: Construction costs for eligible BTR developments can now be depreciated at a rate of 4%, down from 2.5%. This means you can claim deductions sooner, improving your cash flow. 🔸 Lower withholding tax: The withholding tax rate on eligible fund payments from managed investment trusts (MITs) has been reduced from 30% to 15% for income generated by eligible BTR projects. This makes investing in BTR more attractive. Eligibility criteria To access these incentives, BTR owners must notify the ATO and meet specific eligibility criteria over a 15-year compliance period. It's important to understand these requirements to ensure you remain eligible and avoid any potential penalties. Want to learn more? Nova can help you navigate these new incentives and determine if BTR is a suitable investment strategy for you. We can also assist with the ongoing management of your BTR project. Contact us today for an obligation-free consultation. ☎️ 1800 668 225 🌏 www.novabk.com.au #buildtorent #propertyinvestment #taxincentives #rentalmarket #propertydevelopment

Louise Clarke, ATO Deputy Commissioner (Private Wealth - Client Experience) shares her focus points for 2025. The ATO is focusing on reducing outstanding debt, especially for small businesses and wealthy individuals. They're also working to simplify the tax system and provide support during succession planning. Key Takeaways: 🔹 The ATO is committed to making it easier for taxpayers to engage with the tax and super systems. 🔸 They are focusing on providing support to businesses undergoing succession planning. 🔹 They are also working to raise awareness about complex tax laws, such as Division 7A and family trust distributions tax (FTDT). What does this mean for you? It's important to stay informed about ATO updates and changes. If you're considering succession planning or have questions about complex tax laws, it's essential to seek professional advice. Nova Business Services can help. We can help you stay on top of your tax obligations and ensure you comply with ATO regulations. Contact us today for an obligation-free conversation about your business and how we can support you. ☎️ 1800 668 225 🌏 www.novabk.com.au #ATOupdates #taxplanning #successionplanning #smallbusiness #wealthmanagement #bookkeeping #taxcompliance

Ready to take your business to the next level? 🚀 Hiring a new team member can be a game-changer for your business, but it's important to make sure you're truly ready to take that step. 🔹 Is your workload consistently exceeding your capacity? Are you constantly feeling overwhelmed and struggling to keep up with demand? Are there tasks that could be delegated to someone else? Could you free up more of your time to focus on higher-level tasks by bringing someone else on board? Can your finances support a new employee? Consider the costs of wages, superannuation, and other associated expenses. Once you've decided to hire, it's crucial to define the role and responsibilities clearly. 🔸 Analyse your current needs. What areas of your business require the most support? Consider your future goals. Will this new role help you achieve your long-term objectives? Create a detailed job description. This will help attract the right candidates and ensure they understand their role from the outset. Need help navigating the hiring process or managing your growing team? Nova can provide expert guidance and support. Contact us today! ☎️ 1800 668 225 🌏 www.novabk.com.au #hiring #smallbusiness #businessgrowth #teambuilding #jobdescription

Is your business insurance working as hard as you are? 💪 When was the last time you reviewed your business insurance policies? Life moves fast and your business insurance needs to keep up! Whether you're in Geelong, Cairns, or anywhere in between, it's crucial to make sure your cover is still relevant and provides adequate protection for your specific circumstances. Perhaps your business has grown, you've invested in new equipment, or maybe you're just not sure if you have the right level of cover in place. Don't wait for a rainy day to find out! ☔️ Reviewing your insurance regularly can give you peace of mind and potentially save you money. And if you're unhappy with your current provider, don't hesitate to explore other options. The Nova team can connect you with a trusted insurance broker who can help you find the perfect policy for your business needs. Contact us today for a chat! ☎️ 1800 668 225 🌏 www.novabk.com.au #businessinsurance #insurance #riskmanagement #businessgrowth #smallbusinessowner

Is your business software still the right fit? 🤔 It's easy to sign up for software subscriptions and then forget about them. But if you're not careful, those monthly fees can really start to add up! Now is the perfect time to review all those subscriptions and see if they're still serving your business needs. Maybe you've found a better alternative, or perhaps you're not using the software enough to justify the cost. Whatever the reason, cancelling unnecessary subscriptions can free up cash flow for other areas of your business. 💰 Need help reviewing your software subscriptions or streamlining your business finances in general? Nova Business Services can help! Contact us for an obligation-free chat. ☎️ 1800 668 225 🌏 www.novabk.com.au #businesstips #software #subscriptions #savemoney #cashflow

Can you believe we're practically halfway through January? Time flies when you're busy crushing those resolutions (or maybe just trying to remember what they were 😉). So tell us, what's the one thing you're... planning, bragging, or complaining about? Got a big project in the works? Smashed a goal already? Did the back-to-school rush leave you feeling frazzled? Drop your thoughts in the comments below! 👇 ☎️ 1800 668 225 🌏 www.novabk.com.au #halfwaythere #januarycheckup #newyeargoals #businesslife #smallbusiness

Let's ditch the old limitations and embrace the power of an open mind. Whether you're in the vibrant community of Carrum Downs or the beautiful Noosa Heads, cultivating a mindset that welcomes new ideas, perspectives, and possibilities can be transformative for you, your business, and your personal growth. This year, dare to step outside your comfort zone. Embrace new technologies, explore different strategies, and be open to feedback. You might be surprised at the incredible growth and success that follows. Need support in navigating the new year with an open mind and a clear vision? Contact Nova, we're here to help you unlock your full potential. ☎️ 1800 668 225 🌏 www.novabk.com.au #openmind #personalgrowth #businessgrowth #innovation #adaptability

🎉 Happy New Year! As we dive headfirst into 2025, it's time to get serious about your business goals. Whether you're in the bustling suburbs of Frankston or the sunny Gold Coast, a solid start can set the tone for a successful year. Here are three simple things you can do right now to get ahead: 🏆 Review and Reflect: Take a good look at your 2024 results. What were your biggest wins? What challenges did you face? Use this information to inform your strategy for 2025. 📝 Set Clear Goals: Don't just wing it! Define specific, measurable, achievable, relevant, and time-bound (SMART) goals for your business. Whether it's increasing sales, expanding your team, or launching a new product, having clear objectives will keep you focused and motivated. 💰 Get Your Finances in Order: Start the year strong by getting on top of your bookkeeping, payroll, and superannuation obligations. Ensure you're up-to-date with the latest ATO regulations and changes to avoid any unnecessary stress or penalties down the line. Need help getting your business in shape for 2025? Contact Nova for an obligation-free conversation. We can help you streamline your finances, free up your time, and focus on what you do best. ☎️ 1800 668 225 🌏 www.novabk.com.au #businesstips #newyearnewbusiness #2025goals #bookkeeping #businesssuccess