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How Much Can I Charge For An Upfront Deposit On A Job Contract?

For businesses in the building & construction sector, upfront deposits can be up to 5% (including GST) when the project is $20,000 or more.  GST raises another question however: Do I charge GST on a deposit?  There are different factors to consider when answering this. Is this a none refundable deposit? If not,  GST should …

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I Have A Long-term Business Plan, How Do I Know If My Figures Are On Track?

The biggest tip I can give to track your business progress is to create a budget (also known as a forecast). There are stacks of apps available that feed directly from your accounting software. Alternatively, you can create your own budget using a simple excel document. By populating figures like your revenue, costs and profit …

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