Small businesses often have a multitude of contributing factors that can affect their bottom line. Rising costs and excess stock contribute drastically with cash flow and over purchasing. In Part 1 of our 3 part series we give a few tips on how to go about turning...
Single Touch Payroll – What is It and Does it Apply to Me as a Small Business?
Feb 28, 2024 | All Posts, Business, Payroll
Single Touch Payroll What is it and does it apply to me? Single Touch Payroll (STP) is an ATO compliance regulation that requires employers to send employee payroll information to the ATO at the same time as their standard pay run. Entities with more than 20 employees...
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...
Paid FDVL – Are You Ready?
Feb 28, 2024 | All Posts, Payroll
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...
Control your Finances Now for New Financial Year
Feb 28, 2024 | All Posts, Business
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...
How to Make Your Festive Event Festive in a Good Way
Feb 28, 2024 | All Posts, Business
The Festive Season 'Tis the season to be jolly, but in all seriousness the festive season and end of year celebrations can be a source of anxiety for employers who are unsure of their obligations to their workers. When it comes to work celebrations, employers need to...
What a Bookkeeper Has to Learn to Provide Services
Feb 28, 2024 | All Posts, Bookkeeping, Business
So You need a Bookkeeper…... You’ve jumped online to ask “Dr Google” how much a “Bookkeeper” will cost you and Dr Google has come back with something along the lines of “Between $20-$50” Right? Wrong! Chances are these are either US dollars or prices so old that...
Latest Posts
How to Make your Business a Lean Mean Fighting Machine (Part 3)
Feb 28, 2024
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...
How to make your Business a Lean Mean Fighting Machine (Part 2)
Feb 28, 2024
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
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...