Is a Bank Statement enough to claim a Deduction? The short answer is no. Although 1 in 6 Australians think a bank statement alone is enough to claim a deduction, the ATO tax deduction requirements state otherwise. A bank or credit card statement on its own is...
Payday Superannuation: Key Changes for Employers and Employees The Australian Government has introduced a significant reform in the 2023-2024 budget to change how superannuation guarantee (SG) contributions are managed. From 1 July 2026, employers must align the...
Whether you're a sole trader, running a salon or managing a fast growing startup with payroll tax obligations, every business needs a bookkeeper. Although you can learn the basics of bookkeeping, your time as a business owner is better spent growing your business. ...
So here it is the final section of our 3-part series on How to make your Business a Lean Mean Fighting Machine. And we think that it is THE biggest backbone area of any business. Get it right first time and you shouldn’t have any problems going forward. HouseKeeping...
In Part 2 of our series to a Lean Mean Fighting Machine Business we look at ways to Keep the Cash flowing in your Business. Margins You must try to maintain margins as much as possible – not just through more sales but by good cost management. Competitors may falter...
What is Superstream? SuperStream allows you to make a single online payment for superannuation contributions to all employees’ super funds. If you are using an accounting platform for your accounts you can also apply through them to lodge your superannuation either...
Expense blow outs are inevitable in business. Reducing expenditure should be looked at regularly to help strengthen your business. Strengthen your Business Strengthening your business doesn’t just involve financial management, but also includes strategies to retain...
If you set yourself goals at the start of 2020, the upcoming financial year is a great time to check if you are on track. And if you didn't set any goals - or if you have strayed off track - this is the perfect time to get organised. Write a check list and stick with...
What is Paid FDVL? As of 1st February 2023, Employees of non-small business employers can now access 10 days of paid family and domestic violence leave in a 12 month period. Employees employed by Small Business (employers with less than 15 employees) can access the...
New Laws Prohibiting sexual harassment in connection to work apply from March 6, 2023. These Changes are part of the Australian Government's Secure Jobs, Better Pay legislation that passed in December 2022. Workplace Sexual harassment protections The changes mean:...