Blog
Your First Step Toward Financial Clarity
At Business Genie, we believe that every great business decision starts with financial clarity. Understanding your numbers isn’t just about bookkeeping — it’s about unlocking the story behind your business...
Leasing vs Buying Equipment
Both buying and leasing can be financially sound depending on your goals, cash flow, and how fast your industry evolves. Let’s explore the key differences to help you make the...
Leasing vs Buying a Car: Which Option Is Right for You?
To help you decide, here’s a clear breakdown of how leasing and buying compare in key areas. Upfront Costs Leasing: Leasing generally requires a lower upfront payment, making it...
Thinking of Starting a Partnership? Here’s What You Need to Know
What Is a Partnership? A partnership is a business structure where two or more people share ownership, responsibilities, and profits. Unlike companies, partnerships are relatively straightforward to set up and...
How Small Businesses and Sole Traders Can Set Up Online Services Without the Headache
Why Setting Up Online Services Matters Taking your services online can deliver big benefits: Reach more customers beyond your postcode. Streamline bookings and payments, saving time on admin. Build trust...
How to Avoid Common Mistakes When Choosing a Business Structure
Here are six of the most common mistakes new business owners make, and how you can avoid them. Choosing the Wrong Structure for Your Goals Many entrepreneurs default to...
Choosing a Business Structure Isn’t Just Technical. It’s Strategic!
It may sound like dry legal jargon, but in reality, your business structure is both your shield and your growth strategy. It determines your tax obligations, legal protection, and even...
How to Register Your Small Business in Australia
In this guide, we’ll walk you through the essential steps to officially set up your business, meet legal requirements, and get started on the right track. Step 1: Decide...
Common PAYG Mistakes Sole Traders Make (and How to Avoid Them)
Waiting for the ATO to Enrol You Many sole traders think PAYG is automatic, but you don’t need to wait. Voluntarily opting in can prevent a nasty surprise at tax...
PAYG Instalments for Sole Traders
What Are PAYG Instalments? PAYG instalments are prepayments towards your annual income tax. Think of them as breaking a big tax bill into smaller, more manageable pieces. Paid quarterly (or...