Author name: arpana

Why Understanding GST in Psychology Practice is Important

Navigating GST in psychology practices can be tricky. You’re focused on helping clients, not dissecting tax rules. Yet understanding the basics of GST is crucial—especially since psychology services straddle a fine line between taxable and GST-exempt. Here’s why it matters, plus a few real-world examples of clinics that got caught off guard. What is GST, …

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The 5 Most Common Mistakes Made By Psychology Clinics And How You Can Easily Avoid Them

Sadly, when it comes to achieving growth and profit, too many Psychologies Clinic make simple mistakes which cost them dearly. If you’re not careful, you could follow in their footsteps and end up falling well short of your goal. But don’t worry – we’re here to help. We’ve put together a list of the 5 …

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Maximising Profits: Financial Strategies for Allied Health Businesses

Imagine waking up each morning, excited and motivated to grow your Allied health business, knowing that every decision you make contributes to your financial success. For many business owners like Jason, turning over $500,000 in revenue, this dream seemed distant amid the challenges of managing finances effectively. Jason had a clear vision for his business …

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Asset vs. Share Purchase in Australia: Making Informed Business Decisions

Introduction When it comes to acquiring or selling a business in Australia, one of the most critical decisions to make is whether to opt for an asset purchase or a share purchase. Each method has its own set of advantages and disadvantages, and the choice you make can significantly impact the outcome of the transaction. …

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The Importance of Financial Literacy: A Path to Financial Freedom

Financial literacy is often considered one of the most critical life skills, yet it remains an area where many individuals fall short. It encompasses the knowledge and understanding of various financial concepts, including budgeting, saving, investing, and managing debt. In an increasingly complex financial world, the importance of financial literacy cannot be overstated. In this …

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