How do you get your business ready to hand on to the next generation? We’ve outlined five key steps for adding value to the business and getting a clear exit strategy in place.
When economic times are tough, it helps to be in control of your cashflow. We explain how to improve your cashflow – and how this helps you run your business through tough times.
Do you know the best way to manage a project budget? We’ll help you build solid, workable budgets that can be easily tracked through your accounting system.
After 1 July 2025 taxpayers will no longer be able to claim an income tax deduction for ATO interest charges.
Australian Labor party (ALP) will form the government for a second consecutive term after winning the Federal election with majority seats. We have summarised for you, all tax measures proposed by the ALP throughout their federal election campaign.
Household living costs have skyrocketed and seem set to keep rising this year. Here are our 12 top tips for coping with the rapidly increasing cost of living – ways to earn more, spend less, and invest in your future.
It’s now a criminal offence to intentionally underpay your employees. Here’s the lowdown on the new Voluntary Small Business Wage Compliance Code and what it means for your business.
If you are accepting bookings for short stays in Victorian property, you may need to register for the short stay levy to lodge and pay your returns.
Are you thinking of retiring in the near future? Now’s the time to start planning your exit strategy, so you have a business that delivers the ROI and capital you need to fund your retirement.
A dedicated team can be the point of difference that propels your business from good to great. Here are some tips for successful recruitment.
If your Queensland small business was affected by Tropical Storm Arthur, you may be eligible for the new Exceptional Disaster Assistance Recovery Grant.
Is your business providing the income you need to secure your desired lifestyle? We’ve got some hot tips for boosting revenue, profits and your ability to draw down income.
Are you confident in understanding the financial snapshot of your balance sheet? Book a session now to analyse your reports with an experienced business advisor.
The Project Management Triangle shows you can't have it all - fast, cheap, and perfect. Prioritise two: speed, cost, or quality. Learn how this timeless concept helps set realistic expectations and deliver successful projects every time.
Are you feeling burned out from your business? There are some simple strategies to regain enthusiasm. Relieve the stress by managing systems, tech, payroll or other financial administration.
Building better relationships with your customers is a key way to optimise your business for the future. We’ve got four tips for nurturing those customer relationships.
Looking to get in control of your finances in 2025? Embracing the latest financial tech is a great way to put yourself in the driving seat. We’ve got five ways to boost your finances.
70% of change projects within a business fail. The biggest factor for success is employee engagement, here are 8 ways to engage your team and get them onboard with changes.
Your successful business can quickly start to lose value if you don’t keep pace with a changing market. Check out these five threats that could be undermining the value of your business.
Struggling with seasonal dips and poor cashflow? We’ll help you identify the timing of your seasonal downtime, and create a strategy for stabilising your income across the year.
The end of year is fast approaching, meaning gifts and parties become part of your business. We’re here, as always, to remind you of your tax obligations and to assist in your decision making.
Find out about the new name, what's changing and how it affects you.
Why is good bookkeeping so vital for your financial management? We’ve got some top hacks for maximising your bookkeeping, and the options for outsourcing this job to the professionals.
Most of us aim for work-life balance, but it can be a tricky thing to do when everything gets busy. Here are a few tips that can assist at any time of year:
Since businesses have existed, these questions have perplexed their owners. Before AI, the internet and even electricity. Who's my ideal customer? What makes my product or service attractive? How should I be pricing my product or service? Read on!
It can be challenging following up on payment of invoices when the economy has been down, but it is important to keep cash flowing into your business. As with all business dealings right now, there are tactics you can use to help.
Since businesses have existed, these questions have perplexed their owners. Before AI, the internet and even electricity. Who's my ideal customer? What makes my product or service attractive? How should I be pricing my product or service? Read on!
Good reviews are sales gold! Ask your most loyal customers why they chose you, or what they like about your product or service. Use these testimonials to do all the talking in your marketing! Here's how.
Productivity is a term associated with strong economies, robust businesses and efficiency gains of clever staff. If businesses were efficient then fewer would fail, generate more employment and better incomes for owners and workers alike.
Businesses required to lodge a Taxable payments annual report (TPAR) needs to do so by 28 August 2024.
Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you'll need to help you build a thriving business.
Since businesses have existed, these questions have perplexed their owners. Before AI, the internet and even electricity. Who's my ideal customer? What makes my product or service attractive? How should I be pricing my product or service? Read on!
A solid budget is the foundation for your company’s financial management and success. Here are 4 ways to stay in control of your business budgeting.
In case you've missed it, or need a recap, here is a quick list of what changed on 1 July 2024.
Employers reporting through Single Touch Payroll (STP) need to make a finalisation declaration by 14 July each year.
Performance reviews are a valuable tool for tracking people's progress, providing feedback, and aligning individual achievement with company goals. But they have to be done well. Here are some top tips for getting the most of your performance reviews.
The ATO have released updated guidelines regarding valuing assets in your SMSF. Of particular interest is the removal of the widely accepted “3-year” valuation rule,
Diverse business teams deliver 60% better results. And, this applies to neurodiversity too. When you embrace the diversity of your team, you create a more innovative and creative workplace.
Are you keeping your staff and customers safe? We’ve got three top tips for getting on top of your health & safety procedures as a business owner.
2024-25 Federal Budget Summary
As Jim Chalmers handed down his third budget last night, all eyes were on what relief would be given to households. With news that inflation
is settling, and employment is high, the focus was on energy bill relief for homes and tax cuts across the board from 1 July.
Key measures include:
Customers like it when brands are funny. But are you doing enough to use humour in your company’s marketing? Here are some top hacks for being funny as a marketer.
Running a trade business and thinking of taking a holiday? It's not only possible; it's essential for your well-being and business growth! Learn to prepare your team and enjoy your break stress-free.
Are you hiring the best talent for your business culture? We’ve summarised 5 ways to make sure your next hire is a perfect fit for the business.
You can’t avoid economic uncertainty but you can change the way you deal with it. Strong communication with your team will help your business get through.
Use this checklist to review the health of your super in 5 easy steps.
Are you thinking about making the switch from online to a bricks-and-mortar store? We can help with some of the big questions to ask yourself before you open your retail space.
Putting important company policies in place makes key rules and guidelines official, keeping your workplace productive and safe and giving employees and customers confidence.
How people feel often drives their decisions. In your marketing, it can be simple but powerful. For yourself, you might want to take a breath and reset.
Technology is changing how we do business. But how do you start this digital transformation? We’ve highlighted five of the big challenges to plan for and overcome.
Imposter syndrome is a common challenge faced by many business owners. It can hinder personal growth, decision-making, and overall well-being. It impacts 70% of business owners at some point. We look at steps you can take to overcome and move forward.
Tax may be boring, but smart use of tax planning is a superb way to help your company do more with your money.
Changes to Individual income tax rates and thresholds from 1 July 2024.
Welcome to 2024! To help you understand your tax obligations as you get back into the swing of things, here is a list of key tax dates for March 2024.
The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement.
When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability. Read our Plain English guide to P&L and learn how to boost your profits.
4 in 5 employers, globally, report difficulty finding the skilled talent they require. So, how do you find the people your business needs? Here are five ways to beat the global talent shortage.
The company Christmas party doesn’t have to be a massive bash or a boring, box-ticking exercise. This article has lots of tips to ensure the Xmas is fun as well as being healthy and respectful.
How can your small business compete with the big multinationals? Here’s how to maximise your boutique appeal to retain existing customers and draw in new ones.
Do you check your supplier ABNs? Correct tax codes are essential for getting GST on the BAS right. Now is a good time to review supplier ABNs and GST status. Get in contact, and we’ll make sure you’re not paying more GST than you need to.
The ATO is warning businesses to engage with their tax and super obligations to avoid having their debts disclosed to credit reporting agencies (CRAs).
Planning on purchasing a business? We’ve got five key questions for you to consider before you dive in at the deep end and complete the acquisition.
Want to push your business to the next level? We’ve shared 10 hot questions to ask yourself as a business owner, with advice on how they will drive your growth and success.
Are you paying body corporate fees for your rental property? Not all body corporate fees are immediately deductible.
As a business owner, how much should you pay yourself? It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends.
Are you looking to purchase assets for your business? Eligible businesses can spend up to $20k per asset and immediately claim the tax deduction and GST. Talk to us about the best strategy for purchasing business assets.
We live in uncertain financial times, where running a successful business can be a challenge. We’ve highlighted five strategies for navigating economic uncertainty.
Is your business content full of cliches, jargon and overly wordy messaging? Keeping your writing simple is the easiest way to get the very best from your marketing content.
Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position.
How many business hours do you spend sitting in front of a screen? Why not start focusing on your own health as well as your business health.
Want to cut your business costs? We’ve highlighted the business expenses that can (and cannot) be claimed against your ATO tax bill.
With the ATO shifting its focus on taxpayers with outstanding tax lodgments and debts, find out how to avoid being penalised at the increased penalty rates in 2023–24
Can ChatGPT replace your marketing team? The short answer is no, but AI content writing can be a great productivity tool for any small business. We’ve got some tips.
Are you ready for TPAR? Update your supplier information now in preparation for your taxable payments annual report lodgement by 28th August.
The ATO has recently released a tax guidance (PCG 2023/1) for claiming tax deductions for working from home.
You need to be aware of these changes so that you can keep the appropriate records to maximise your tax claims in your 2023 Tax Return.
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to take maximise your deductions.
The digital games and interactive entertainment sector is the largest creative sector in the world and one of the fastest growing industries worldwide. The global digital games industry is worth around $250 billion and in Australia, grew 22% between 2020 and 2021 generating $226.5 million in income and employing over 1,300 fulltime workers. And, it’s an industry the Government wants to support with a new tax offset.
What's changed for Employers and Business, Superannuation and for you and your family?
For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission backs it up with fines of $9,390 per breach for a corporation.
The explosion of OnlyFans, YouTubers, TikTokers and others all offer an opportunity for ‘content creators’ to profit from the audiences they generate. But now the Tax Office has given notice to the booming industry.
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members”
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details
on electric vehicles.
The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you,
your superannuation and your business.
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should
consider.
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year.
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already
paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right?
STP is the way you report your employees' tax and super information to the ATO and Phase 2 provides additional information that will be used by the ATO.
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
Whatever your requirements, we can help you find the solution.
