Making the decision to start your own business is one of the most exciting things you can do however it may be easy to get caught up in the enthusiasm and forget or miss some important steps on the path to launch. According to the Australian Bureau of Statistics, one in two small businesses close […]
Nine steps you should take before you start your own business Read More »
Is there a way of knowing when it is the right time to grow your business? Doing so can result in many positive outcomes including exploring new opportunities, expanding products or services, growing your customer base, increasing sales and employing more staff. However, before taking any first steps to grow your business, it is recommended
Is it the right time to grow your business? Read More »
Many small business owners start out managing their own bookkeeping requirements often assuming it is one way of avoiding another business expense. More often that not, a point is reached where the burden of maintaining control of these tasks becomes overwhelming, consumes time away from family and other business priorities or worst case, something is
Is it costing you more to manage your business’ bookkeeping yourself? Read More »
Single Touch Payroll Phase 2 is on its way and this article covers off everything you need to know and what you need to do to get your business up and running. STP Phase 2 expands on the mandatory reporting requirements to the ATO, providing specific additional employee details to the ATO and other government
How to update to STP Phase 2 Read More »
It can be difficult to prioritise what areas of your business to invest in to ensure it continues to grow and thrive. The key is figuring out where to start.
How to prioritise what areas of your business to invest in Read More »
While the ATO put most overdue tax collection on hold during the COVID-19 pandemic, it has recently recommenced some debt collection activity. This includes the issuing of Director Penalty Notices (DPN). This article explores Director Penalty Notices and what happens if you receive one. Directors become personally liable for a penalty equal to the value
Director Penalty Notices: what are they and what happens if you receive one? Read More »
Two important changes to superannuation will apply from 1 July 2022. As a business owner, it is important that you understand what these are, what they mean for your business and what actions you need to take. Super Guarantee rate will increase from 10% to 10.5% As a business owner, you usually need to pay
Two important changes to superannuation from 1 July 2022 Read More »
With the end of financial year only a month away, it is time to get your tax affairs in order and be aware of what opportunities may be available to maximise your tax deductions for the 2021-22 financial year. In this article, we highlight some of our top tax tips for businesses and individuals to
Top tax tips for businesses and individuals to prepare for your 2022 tax return Read More »
Now you have made the important decision to hire a bookkeeper for your business, how do you go about finding the right person for the job and what qualities do you need to look for in a great bookkeeper? We explore the top six skills and abilities you need in a bookkeeper, ensuring you find
Six qualities you need in a great bookkeeper Read More »