Making the most of a tax refund windfall
Now that the elections are out of the way and the new financial year has clicked over, it’s time to start thinking about what comes next. You might even be one of the 800,000+ people who according to the ATO have lodged their tax return considerably...
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Managing employee expenses
What you need to know So your business is growing, that’s great! Adding even a few new employees to your business can be a huge step to maximise your top-line revenue. But it often comes at a cost – and we don’t just mean salary and super. Day-to-day...
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Benchmarking your business – building a whole picture
With businesses across the country starting to report in for the end of the FY19, there’s no better time to take a quick stickybeak through your competitors’ things and see just how well you’re keeping up. Yes, really. You can do that. With the help of...
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Succession planning – how to pass the torch without dropping it
It’s funny the way people work. We have no problem imagining a life of retirement and leisure in our twilight years, but ask someone to plan for their business’ succession and they get that kind of glint in their eye that says ‘you’ll have to pry it from...
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Single Touch Payroll for micro-businesses
What it means for you As you may have already heard, this year the requirement to utilise single-touch payroll services has been extended to include micro-employers (business with 4 or fewer employees). This has been in place for larger businesses for the...
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Gearing up for future changes to super
What it means for your business Crazy as it might feel, FY 2019 is almost over. And as we get closer and closer to June 30, it’s time to start dotting your I’s and crossing your t’s in preparation. That’s sorting your outstanding debtors, tidying up your...
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Liquidation – How & when to say die (but not goodbye)
Let’s be honest, not every business succeeds. It’s sad, but true. The end of 2018 saw an increase of more than 350 businesses applying for wind-up applications, as compared with figures from the previous period. But liquidation or business wind-up isn’t...
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Can you trust your numbers?
3 things to look out for before you make your next financial decision Part of owning a business is being a big picture thinker. You’re not always going to be the one crunching the numbers or spearheading the research – you just don’t have time. Heck there...
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Australia’s financial wellbeing
Why it’s a mixed bag Reflecting on your financial position can be tough. And it isn’t always an attractive prospect. It’s not fun to compare your financial situation and come-up short, but the truth is knowing you’re behind (or ahead!) gives you the...
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