Getting a new business off the ground can be hard enough without making some common financial mistakes.

Improving when customers pay will improve cash flow.  Lowering outstanding amounts to customers will mean your business draws less on sources of credit and savings.

Today we look at some ways to our clients find helpful to keep on top of GST.

Many startups will use an area in the family home for business purposes.  You do not need to set aside a specific area for business, but if you do you can claim that proportion of home expenses as a business deduction.