Taxation
Do I Have to Lodge An Income Tax Return?
Do you need to lodge a tax return for the 2020-21 financial year? That is the question!
November 3, 2021
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Startup Information
Checklist for Starting a Business in Australia
All businesses start with a skill, idea or opportunity. But you’ll need more than this to make your business successful. Planning, skills, people, time – and luck – are all important. The Cotchy startup checklist is a fantastic starting point for your business. Tick them off one at a time and make sure you are fully ready before launching into your new business.
October 22, 2021
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Cash Flow Management
Post Lockdown Small Business Reopening: Steps to Success
Lockdown is set to end very soon, and we are excited to get back into the shops, restaurants, and have friends and family back in our homes. But for small businesses, there are many things you need to keep in mind as you get ready to open the doors.
October 18, 2021
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Startup Information
5 Key Things Your Startup Business Needs!
What are the five key things you need to have setup correctly in your business?
In your Startup business there are five key things that you are going to need to run really well and have under control. Those five things are finances, innovation, operations, marketing, and human resources. They are the key to every single business, especially a startup that is going to grow!
June 8, 2021
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About Us
Cotchy – Who Are We? Find Out About Our Services
Let’s talk about Cotchy – Who the hell are we? Where have we sprung from?
Well, we’re backed by Paris Financial our family’s 40-year-old accounting firm, and we’re from Melbourne, Australia. We are your one-stop financial accounting shop! Gone are the days of juggling between Accountant, Bookkeeper and your own Administrator. We have it all in one cloud based financial eco-system for a fixed monthly fee.
June 3, 2021
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Startup Information
What is a Convertible Note?
A convertible note is a type of short-term debt which transforms into equity, generally in conjunction with a future financing round; essentially, the investor would be loaning money to a startup and rather than a return in the form of principal plus interest, the investor would gain equity in the company.
May 17, 2021
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Startup Information
What is an Employee Share Option Plan, and why bother?
What is an Employer Share Option Plan, and why bother? An Employee Share Option Plan (ESOP) is a method of granting equity in a business to an employee over a period of time. It really is as simple as it sounds – the employee receives options (or rights) to be granted real shares in the business, as long as they comply with the rules of the ESOP (Plan Rules).
May 4, 2021
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Startup Information
5 Accounting Mistakes Made by Australian Startups
5 Accounting mistakes that we see nearly every startup make! Does your Bookkeeper know all the in’s and out’s of startups? You need folks that are highly skilled in this space, you need Cotchy! Get in touch with us today!
March 17, 2021
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Budgeting
Runway Cash
Startups rely on cash, but it’s also important to manage that cash effectively to avoid problems. The cash burn is the pace at which you spend down your cash reserves. It offers a way for you to measure how fast you’re going through your bank balance and helps you estimate how long your startup has before it runs out of money.
March 12, 2021
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Corporate Compliance
Being ASIC Prepared
We know that your time is valuable and when you are running a business there are many obligations to perform. Having an ASIC agent allows you to offload some of these obligations with an expert who is familiar with the Corporations Act in-and-out.
February 3, 2021
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