With the 2024 festive season around the corner, many Australian small businesses are facing several challenges, including cost of living pressures, high operating costs and changing consumer behaviour. However, among the hurdles, the holiday period also offers opportunities. Here are some key strategies and insights for small businesses looking to maximise this potentially critical season […]
Unemployment and underemployment are key economic factors that impact small businesses from consumer spending to hiring challenges. Understanding these concepts can help business owners make informed decisions in an uncertain economy. Currently, Australia’s unemployment rate is 4.2%. High unemployment reduces disposable income, leading to lower sales and revenue for small businesses. Conversely, when more people are employed, […]
Learn how engaging a professional bookkeeper can benefit your law practice and make your life easier As a lawyer, you have a lot of responsibilities and tasks to handle every day. You need to manage your clients, cases, documents, deadlines, and more. But one thing that you might not enjoy or have time for is […]
Don’t wait for the government to mandate the change, start paying your employees’ superannuation contributions monthly and get ahead of the change. What is superannuation and how does it work? Superannuation is a compulsory retirement savings scheme for Australian workers. Employers are required to pay a minimum statutory rate (currently 11.5% for the FY2024/25) of […]
Managing your payroll is an important function for a small business. It ensures your employees are paid correctly and on time, creating a positive work environment. But, payroll mistakes can happen, leading to potential financial issues, legal complications and unhappy staff. Here are five common payroll mistakes and how to avoid them: 1. Misclassifying your […]
In the complexities of managing a business, business owners often find themselves buried under piles of financial paperwork, compliance and administration work, struggling to keep up with the demands of bookkeeping while also trying to focus on growing their ventures. This juggling act can quickly lead to burnout and a significant imbalance between work and […]
In today’s competitive job market, employers are continually seeking ways to attract and retain top talent. One increasingly popular method is offering novated leases as part of employee benefit packages. Novated leases, which allow employees to finance a vehicle through salary packaging, come with a host of advantages for both employers and employees alike. In […]
Let’s be honest, when starting a new restaurant or café, owners are excited about the colour schemes, developing their menu and ensuring they have great staff and chefs. However, the thought of how they will handle their bookkeeping or setting up their financials brings anxiety to most and in many cases is the last thing […]
The unfortunate events of 2020 and COVID-19 seem to be hanging around for a longer period then anticipated with some businesses continuing to be impacted. As a result the government have announced that they will extended JobKeeper to 28th March 2021. The criteria for eligibility and subsidy have changed and the government are currently working […]
A faceting effect livens up and interrupts the cubism that sets the morphology of the West system apart from the cliches of modern design. Characterised by its suitability for use in a wide range of different…
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