Is paperless payroll right for you?

  When you think of payroll, you might not be thinking about paperless payroll. Instead you still envision paperwork and envelopes given to team members by hand. Even with direct deposit being the norm for years, there is still a significant paper component to manage. As with most things, payroll is going digital – and […]

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Business Update – 31 July 2023

  Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Job mobility ‘highest in a decade’ as data sheds light on why so many Aussies are changing employers The Australian Bureau of Statistics (ABS) on Friday released their Participation, Job Search and Mobility […]

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Outsourcing payroll – 5 ways it can help you

  When you start a business, you’re typically your only employee and payroll is about as simple as it gets. But as you grow, you hopefully find yourself in the position of needing to take on more team members. Before you know it, what was once a very straightforward task becomes a giant undertaking that’s […]

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Business Update – 28 June 2023

Welcome to our Monthly Digest – stay in the know with some recent news updates relevant to business and the economy. Small business skills and training boost Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction for external training courses delivered to employees by […]

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Superannuation Guarantee Increase – 1 July 2023

  For small business owners and payroll managers, staying up-to-date on the latest superannuation changes is essential. And, with the Australian Superannuation Guarantee increase happening from 1st July 2023, it’s important to understand what this means and how it could affect your business. As an employer, this increase, and subsequent increases, will have an impact […]

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Business Update – 30 May 2023

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy. ‘Most significant’ scam targeting Aussies Scammers have taken advantage of the secondhand sale market by using a PayID scam to steal over $260,000. The scam involves the scammers creating fake PayID accounts and using them […]

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A Beginner’s Guide to a Cash Flow Forecast

  Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your […]

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Business Update – 17 May 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. The good, bad and indifferent of the Federal Budget: a small-business owner’s view The Federal Budget has both positives and negatives for small business owners, such as tax cuts and increased access to capital, […]

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What the 2023 Federal Budget means for you

  The Australian Government unveiled its annual budget this week, which aims to stimulate economic growth, address long-term challenges, and improve social services. The budget is focused on helping with the cost of living, with tax cuts for middle and low-income earners, while also allocating funding to health, education, and small businesses. If you have […]

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Business Update – 10 May 2023

  Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia to deliver first budget surplus in 15 years Australia is set to deliver its first budget surplus in 15 years, with a small surplus of around A$4 billion for the fiscal year […]

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Unlocking the secrets of small business cash flow

  When it comes to running a small business, maintaining small business cash flow is essential for sustainability and growth. Your business can be incredibly profitable but still ultimately fail because of improper cash flow management. To prevent that from happening, here are some best practices that can help you better manage your cash flow […]

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Business Update – 26 April 2023

  Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Why the RBA should not use interest rates to target the housing market or debt A panel reviewing the Reserve Bank of Australia RBA has recommended against using interest rates to target the […]

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What is a balance sheet and how does it help me manage my finances?

  You’ve likely heard the phrase “in the black.” Your balance sheet is the tool that shows you whether your business is indeed “in the black.” Your balance sheet includes a section for your assets (things you own or will receive that have value), your liabilities (what you owe to others) and equity (retained earnings […]

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Business Update – 29 March 2023

  Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Changes to home-based business expenses Businesses operating from home can claim business-use expenses, including occupancy expenses and running expenses. They can now use the revised fixed rate method of 67 cents per hour […]

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6 tips to reducing personal debt in 2023

  2023 is expensive. The cost of living is higher than ever, interest rates keep rising, and it keeps getting harder to stay afloat, let alone get ahead. As a result, carrying debt has become commonplace. But, with the challenges of the past few years, many of us have more debt than we’re comfortable with. […]

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Business Update – 22 February 2023

  Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. What to do if you can no longer afford your mortgage As rates continue to rise, many Australians find themselves unable to make payments on their home. Learn what to do if your […]

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Business Update – 31 January 2023

  Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Interest rates are expected to keep rising despite softening inflation Economists generally believe that the worst of inflation is behind us, but they also say that the Reserve Bank will continue to raise […]

Read More… from Business Update – 31 January 2023

Tips to increase holiday engagement

The holiday season is typically busy. Take this opportunity to show clients how much you appreciate their business. After all, it’s less expensive to retain existing clients than it is to attract new ones. And, while every day is the right day to show your clients you care, the holidays might have more meaning because […]

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