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...
4 Signs your Business needs a Bookkeeper
Sep 19, 2024 | All Posts, Bookkeeping, Business
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. ...
How to make your Business a Lean Mean Fighting Machine (Part 2)
Feb 28, 2024 | All Posts, Business
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...
Superannuation Reporting
Feb 28, 2024 | All Posts, Business, Payroll
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...
Plan to Survive by Reducing Expenditure
Feb 28, 2024 | All Posts, Business
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...
How to Make your Business a Lean Mean Fighting Machine (Part 3)
Feb 28, 2024 | All Posts, 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...
Best Bookkeeping Practices for EOFY
Feb 28, 2024 | All Posts, Business
As the end of financial year approaches, it's important to ensure that your bookkeeping is in order. This will not only make the process smoother and more efficient but also help you save time and money. Here are some best practices for bookkeeping: Keep Accurate...
Workplace Sexual Harassment Protections
Feb 28, 2024 | All Posts, Payroll
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:...
Termination and Redundancy under the Building Award
Feb 28, 2024 | All Posts, Payroll
The Award The Building and Construction General On-Site Award 2020 (the Award) is an industry award, which applies to all employers and their employees working in on-site building, engineering and civil construction. Key Facts: The Award provides industry specific...
Increase Fuel Tax Credits
Feb 28, 2024 | All Posts, Updates
How to apply the correct rate? Fuel tax rates increased 1 February 2023. The easiest way to apply the correct rate is to use the Fuel Tax Credit Calculator on ATO Website every time you make a claim on your BAS. You can also use the Simplified Method if you claim less...
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ATO Tax Deduction Requirements
Nov 12, 2024
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...
Superannuation Changes
Sep 24, 2024
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...
4 Signs your Business needs a Bookkeeper
Sep 19, 2024
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. ...