Blog
Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.
Managing Business Debt – Is Business Debt Good or Bad?
Preparing for growth, making financial assessments, and managing business debt rank at the top of importance in running a business. Starting your business often requires taking on debt to pay off operating costs and launch products. It is a risk and there are no guarantees that a business will be able to pay off its debt which leads to many people asking “Is business debt good or bad?”.
What is Cryptocurrency and is Accepting Cryptocurrency Right for Your Business?
“Understanding the answers to such questions as, “What is cryptocurrency?” and “Is accepting cryptocurrency right for your business?” is a vital component to operating modern businesses. While cryptocurrency is rising in popularity, it can be easy to misunderstand the terms exact nature as well as the risks and benefits involved in its use.”
How to Be Innovative in Business
Being innovative in business is often more of an art than a science but there are plenty of ideas to implement to help encourage innovation within your business. How to be innovative in business can often be modelled or demonstrated but it can be hard to teach as it depends on many dynamic factors. Taggart & Partners provides an array of business advisory services and we present these suggestions on innovation in hopes that they help spark something new and productive in your organisation.
Considerations of Succession Planning for Business
Succession planning for business creates an organised and undisturbed shift of ownership and management for those times when an owner leaves their business. Leaving can occur voluntarily, in cases of retirement for example, or involuntarily, in cases of incapacitation or death. While it may be difficult and unpleasant to consider these circumstances it is necessary to plan for such contingencies.
How to Find if a Business Name is Taken
Before you start purchasing any business essentials, such as business cards, uniforms, signs, or stickers, you need to double-check that your future business name isn’t taken and infringing another trademark. You also need to check that the business name is available for use within your state.
Improving Work Life Balance for Business Owners
Nowadays, we are collectively spending longer hours focusing on our jobs. The way the world depends on technology also means it’s hard to switch off from a workday. As a business owner, balancing work and your personal life can be especially challenging. The idea of a work life balance for business owners is that acquiring a fulfilling lifestyle outside of work will help to improve productivity and performance during work, along with benefiting the business itself.