Business systems help you focus on what you’re good at

Business systems aren’t Sally’s strength – but her cupcakes are amazing! Everybody tells her so. She spent hours as a child in her grandmother’s kitchen. Sally’s love of baking as a little girl has turned into her passion as an adult. Sally started out baking for friends who were getting married or having babies. They […]

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Business Expenses – are you drowning in paperwork?

Whether you’re in health and fitness, hair and beauty, hospitality, or something else – you have business expenses that need to be kept track of. Why? So that you can substantiate your claims with the ATO; so you know how much you owe or are paying to your suppliers; so you can make informed decisions about […]

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Is your budget aligned with your expectations?

There was a post recently in one of my business groups where somebody was looking for a fairly typical business-to-business service – design and build a website. The original poster had a very clear outline of what she wanted, and she was very clear that her budget was ideally $100, or $150 at the absolute […]

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4 Things Commando Steve Taught Me About Business

I’m very fortunate to have attended Commando Steve’s Fit Camps a couple of times. Now you may not automatically associate that with business, but there are some important lessons that I’ve taken away and here are my top four. It’s all in the mindset I’ve been on my own fitness / get healthy journey for […]

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How to prevent employee theft

Employee theft – this is something that really annoys me! Hiring and managing staff is stressful enough without having the added stress of staff who you put in a position of trust and they steal from you! When we think about stealing, we naturally think in terms of money. But there’s more to it than […]

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Advantages of digital signing

Digital signing through electronic signature software offers businesses a number of time and cost-saving benefits. If you’ve considered going paperless but haven’t yet made the plunge, here are 6 excellent reasons to switch to digital signing today. Get paid faster Digital signing make it easy to close a sale on the spot, turn around contracts […]

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How to Hire the Right Bookkeeper for your Business

Have you gone into business only to find you’ve become a bookkeeper? “Outsource your weaknesses.” So says start-up guru, Sujan Patel, when advising small business owners to get outside help for tasks like payroll and bookkeeping. And when you consider that 70% of businesses fail due to poor in-house financial management, Patel’s advice seems spot […]

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Improving cash flow: How to get paid faster

Improving cash flow and maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to […]

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6 Essential Bookkeeping Terms for Small Businesses

Hiring an bookkeeper is widely considered best practice for small business owners.  But delegating your bookkeeping doesn’t mean you should not be involved in the process to some degree, or not have a handle on your financial performance and position. On the contrary, it’s recommended that business owners work closely with their bookkeeper to better […]

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Online Accounting – The Future is Here

Is now the time to move to online accounting? Now that online accounting solutions have been in the market for a number of years, it’s time to consider whether it’s a good idea for your business. In all honestly, we think online accounting will make a big difference to how you manage your business accounts. […]

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Fair Work – Making Sense and Remaining Compliant

Fair Work – have you ever called them? Fair Work can be a bit of a minefield. What you thought was a simple enquiry had taken an hour and you’ve spoken to three different people. And you’ve been left with more questions than you started with. Don’t worry, you’re not alone!   The Fair Work […]

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Building a Business Budget

Building a Budget Back to Front Many of us take shortcuts with when building a business budget by extrapolating from last year’s results, and generally that will give you a fairly good forecast of what you’ll achieve if you keep doing the same things. But what if you don’t want a repeat of last year? […]

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Single Touch Payroll – An Update

Your Payroll Seen by the ATO … All Year The Single Touch Payroll (STP) legislation has passed through Parliament. It is law and is going to happen! Who does Single Touch Payroll Apply To? All “substantial” employers, (more than 20 employees by headcount), must participate. The count happens as of 30 April each year. You […]

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Simpler BAS – What’s Changing

The New World of GST Codes – Simpler BAS You may have heard about Simpler BAS. The form may be getting easier to complete, but nothing is changing with the way your BAS is calculated. Here’s an overview of what Simpler BAS means. GST or Not Included The ATO has simplified the GST reporting system […]

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