Keep up to date with a wide variety of business topics. This will help in business and every day life.
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From 1 July 2022, there are several changes to superannuation laws that you may be able to take advantage of. Keep reading to find out more.
Do you have new employees? Do you know about the new 'choice of super' rules? If you have any new employees that don’t nominate a specific superannuation fund, you may need to request their ‘stapled super fund’ details from the ATO.
The NSW Government has announced changes to stamp duty for first home buyers. The aim is to lower the up-front costs that are a barrier for many first home buyers entering the property market.
Make sure you are getting the most out of your investment property. If you have income from investment properties, now is the time to start gathering your records and reviewing your expenses for the 2022 financial year.
Need help with maximising your business deductions? There are many expenses common to most small businesses, and there are other expenses that are specific to the nature of the goods or services the business provides.
Keeping on top of payments coming and going to your bank account can take a lot of time. Keep reading to better understand the bank reconciliation process and how software tools can alleviate this task.
Do you know which business metrics and key performance indicators (KPIs) to track to manage the future path of your business?
Do you check your supplier ABNs? Many business owners don’t routinely check the ABN of suppliers, resulting in incorrect GST claims – either claiming too much or not enough. Now is a good time to review supplier ABNs and GST status.
When an employee leaves your business, it's essential to get the payroll and tax correct so you don't disadvantage employees or make costly errors.
Invoice fraud is on the rise. E-invoicing is the secure way to send and receive invoices and to protect you and your customers.
The 2022-2023 Federal Budget provides cost of living relief and measures for business to seek to promote innovation. Read more on the key points from the budget here.
Online shopping is hitting new records, growing dramatically and gaining new users. Is your business getting its slice of the online pie or do you need to invest more in your online presence?
Is a self-managed super fund something you're thinking about? Learn about some of the responsibilities that come with a self-managed fund.
Has an employee ever requested to cash out their annual leave entitlement? As an employer, there are some important rules to remember before paying out annual leave, to ensure your employees are not disadvantaged.
Are your ABN details up to date? The ATO may automatically cancel your ABN if they think the business has stopped trading. Talk to us to make sure the ATO has current information.
As a business owner, it is critical that you give yourself the best chance to get paid as soon as possible whilst maintaining client relationships. Some simple strategies can help this process.
Understanding tax on super can be complicated. We can help you get your ducks in a row! Minimise your tax and make the most of super with simple strategies.
Regular cashflow forecasts help you make informed decisions and are important regardless of whether your farm is in growth mode, expansion or just trying to stay afloat.
The NSW Government has announced a new Small Business Support Program as well as additions to previously introduced support program to help those small business hardest hit by the Omicron wave.
In the digital world, your company website is your main ‘shop window’ and will be the focus of much of your sales, marketing, and social media promotional activity. Do you know how your website is performing, and where online visitors come from?
Effective goal setting will help you get the very best out of the year. Whether you want to grow your business or take more time for yourself, our five goal setting tips can help you achieve your long-term plans.
According to recent research small and medium-sized businesses are spending on average 120 hours a year on admin tasks. Technology and software automation can go a long way towards automating the low-level admin tasks.
There are a significant number of major projects happening in our region. These projects provide great opportunities for our local businesses across many industries. Do you feel like you don’t know about opportunities, or you don’t know how to apply to be involved?
Earlier this year ASIC and the ATO announced that all company Directors will be required to hold a Director Identification Number (Director ID). Read more about how and when to apply.
They say competition is fierce, but we think it provides an opportunity for a business to learn and obtain insights. Find out what invaluable information you can gain from your competitors.
From team-building exercises to managing personalities and resolving issues, building a winning team is invaluable for your business, where you’re only as good as the team around you.
As a small business, do you ever feel that competing against larger retailers is a daunting prospect? Maybe a shift in thinking is needed. There are advantages to being small that may surprise you.
Make sure you set your small business budget! It's a great way to eliminate wasteful spending and get to profitability faster. Setting a budget isn't complicated but it can still help to involve an expert.
Small business is all about relationships. But when these go wrong, it is devastating. Ensure you have the systems in place to routinely look at where your money’s going in order to safeguard your business and your relationships.
Reminder to Employers: the Casual Employment Information Statement (CEIS) available from the Fair Work Ombudsman is now to be provided to existing casual workers as soon as possible after 27 September 2021.
Regular cashflow forecasts will help you make informed decisions. Whether your sales are boom or bust, you want to make sure that your costs aren't holding you back.
How well do you understand your revenue drivers? The better you can understand the nature of your revenue and its drivers, the more you can flex, manage and control your ability to generate this income.
Data is only powerful with context. It needs to be accurate and organised and you need to be clear on the necessities versus the niceties.
You don’t go fishing without checking the forecast, nor should you run your business without an annual forecast. The forecast tells us what's in store based on the direction we're heading.
Over the past eighteen months, businesses have had to update, change and pivot just to survive. Do you know where you're going and how it's impacted on your underlying business purpose?
Lockdowns, closed borders and uncertainty mean small to medium sized businesses are still struggling with the effects of COVID-19. Some recent research uncovered some common strategies for success in a crisis.
With lockdown now affecting all of NSW, it is timely to provide an update of the Government assistance that is available for NSW residents.
If you operate a building, cleaning, courier, road freight, IT or security business, you may need to submit a Taxable Payments Annual Report to the ATO.
With an estimated 130 trillion webpages identified by Google, how do you get a look in? Search engine optimisation (SEO) is all about providing internet users with the best experience and maximising your ability to be seen.
Businesses can get payroll wrong without being aware of it. Pay and payroll errors are a major risk for any business, so you need to know where you could be going wrong and ways to stay compliant.
The Federal and NSW Governments have announced further support aimed at helping businesses and people right across the state fight through the current COVID-19 lockdown.
Employers, there are some important changes to employing casuals. You must provide a Casual Employment Information Statement and offer permanent employment in some situations.
Today the Premier announced a new support package for small businesses across Sydney and regional areas impacted by the current Covid-19 Restrictions.
By Gillian Hayward
Have you been effected by the mouse plague? If so, there are a range of funding measures available to assist.
Software technology has evolved massively in the past decade. To ensure you’re getting the best from the available tech, it's important to choose the right apps and to create the ideal 'app stack' for your business.
By Christina Cotter
The Fair Work Commission has announced a 2.5% increase to the national minimum wage to apply from 1 July 2021.
The Federal Budget 2021-22 is all about economic recovery, including tax cuts, business incentives and investment in training. Many changes in the budget can benefit individuals and business owners.
Work-related stress and mental health conditions can significantly impact a business. As a business owner you need to look out for your employees, and you also need to look after yourself. Keep reading for some tips to start you on the right path to ensuring mental health matters to you and your organisation.
By Charles Talbot
Are you paying your employees superannuation on time, every time? If not this will cost you money. Significant fines and penalties can be
imposed and they can stack up quickly.
The NSW State Government is supporting small businesses to recover from the impact of the Covid-19 pandemic by providing a rebate to help with the cost of government fees and charges.
By Charles Talbot
Are you paying the correct amount of superannuation to your employees on time? The Superannuation Guarantee can be complex. It is critical
to understand and ensure you are meeting your obligations.
Should your staff be contractors or employees? There are many factors to assess and it’s the business owner’s responsibility to get it right.
By D'Lene Browning
There are a range of tax measures that are available to primary producers to help minimise tax obligations. Now is the time to review your
financial estimate for the 2021 financial year.
By Lauren Taylor
Getting paid for the work you do is important, that is why it is crucial to have an effective accounts receivable process in place.
By Sarah Cochrane
As a Self-Manager Superannuation Fund (SMSF) trustee, record keeping is one of your key responsibilities.
Bookkeeping is an essential task for business owners. Well-kept books are a must when it comes to completing accurate tax returns and working with lenders.
By Gillian Hayward
Does your business deal in trading stock? Do you know your requirements when preparing your annual stocktake?
By Kimberley Butler
ATO audits and risk reviews are on the rise, with JobKeeper and COVID-19 payments now on the ATO’s radar. Getting help to professionally
manage the audit will save you time, money, and can make the process easier.
By Christina Cotter
Leveraging your technology will provide you with accurate real-time data to make more informed decisions in your business.
Have you maximised your concessional super contributions for 2019? Act now to take advantage of the new rules allowing you to make a top-up payment. Get in touch today before your super fund contribution deadline for 2020.