In the fast-paced world of business, effective financial management is crucial for sustained success and growth. Among the many responsibilities that contribute to a well-oiled business, managing supplier invoices and payments is a task that demands precision and attention to detail. Entrusting this responsibility to a skilled bookkeeper offers a multitude of benefits that can […]
For certain businesses and contractors operating in nominated industries, the Taxable Payments Annual Report (TPAR) is an essential requirement to be lodged with the ATO by 28th August 2023. This document requires businesses to report on payments made to contractors and any tax withheld. In this blog, we will delve into the details of the […]
Businesses keep on growing and changing and so does the way you manage your books and report on your success. When your current accounting software no longer meets your needs, it’s important to consider whether there are alternate solutions to help you manage your business. When looking for new software you should consider the following items; Scalability: Ensure that the accounting […]
We all know when you have a leaking tap you are wasting money with every drop of water. So what do you do? You engage a plumber to come and fix the leaking problem to stop wasting money. So how come we don’t do the same thing in our business. Identifying cost leakages and fixing […]
If you are a foreign national who has been working in Australia and are planning to leave the country, you may be eligible for the Departing Australia Superannuation Payment, or better known as DASP. This is lump sum payment made to individuals who have earned superannuation whilst being employed in Australia and who are permanently […]
Things change, sometimes the solution you started off with no longer meets your business needs or strategy. This is nothing new as we look for better ways to report, streamline and operate our business. The exciting news is that you are not stuck with the one accounting system for the whole life of your business. […]
As a small business owner, there’s nothing worse than having overdue accounts – funds you could be using to enhance fund growth opportunities, replenish inventory or make necessary payments to your own suppliers. Overdue debt is that fragile relationship between wanting to get paid and not wanting to upset the customer, which may put a […]
Do you ever look something up, scroll through Google, see a website you know and say “here we go, here’s the answer”? Do you ever wonder what gave you so much confidence in that business? The answer is trust built on thought leadership; the fact that you clicked there with so much confidence proves it. […]
Whether you’re a small business owner or the leader of a non-profit, your goals in managing a successful organisation are important no matter where you work. Not-For-Profits have a unique challenge of needing to be diligent with spending as many of their revenue sources are from sponsorships and grants and need to keep focus on […]
The Treasurer has recently released the Rules relating to the extension of Jobkeeper (referred to as Jobkeeper 2). Jobkeeper 2 will run from 28 September 2020 to 28 March 2021: From 28 September 2020, organisations will be required to reassess their eligibility for the JobKeeper extension with reference to their actual turnover in the September […]