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...
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...
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 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...
Plan to Survive by Reducing Expenditure
Feb 28, 2024
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...