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...
Workplace Christmas Parties and Fringe Benefit Tax
Feb 28, 2024 | All Posts, Business
Every year there is a lot of confusion over what a business can claim as a taxable supply around the annual Christmas Party and gift giving. The rules are pretty complicated but here is a guiding summary. Christmas Parties: (Excerpt from www.ato.gov.au) “The cost of...
Bookkeeping Terms
Feb 28, 2024 | All Posts, Bookkeeping, Business
Want to have some insightful, informed conversations with your bookkeeper? Do you want to increase your bookkeeping knowledge? Hiring a registered bookkeeper is considered good business practice in many industry circles. But just because you delegate your bookkeeping...
TPAR – Is your Industry Required to Lodge?
Feb 28, 2024 | All Posts, Business
What is TPAR? Total Payment Annual Reporting (TPAR) informs ATO about payments made to contractors for providing services. Contractors can include sub-contractors, consultants and independent contractors. They can be operating as sole traders (individuals), companies,...
In Business? You need a Support Team
Feb 28, 2024 | All Posts, Business
It’s easy to become anxious or overwhelmed and start jumping around from one task to another during your day, to get back on top of it. That approach can add a lot of stress, but you can avoid it by outsourcing to professionals. What you’re addressing with this is the...
How to make your Business a Lean Mean Fighting Machine (Part 1)
Feb 28, 2024 | All Posts, Business
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...
De-Coding Work Uniforms
May 18, 2023 | All Posts, Business
Work uniforms are more than just clothing; they are a statement of professionalism and identity within the workplace. In Australia, understanding the nuances of what constitutes a work uniform is essential, considering the diverse array of industry standards, employer policies, safety regulations, legal requirements, and presentation expectations.
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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...