Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable. With so many digital tools for managing your bookkeeping, accounting and management reporting, it’s never been easier … Read More
When to Register Your Business for GST
Should you register your business for GST? Many business owners register their businesses from day one, regardless of income. Others, for example, many sole traders, choose not to register for GST until it is mandatory. However, it is common that … Read More
Keeping your data safe as a remote worker
Using public WiFi in cafes, hotels and coffee shops is something we all do. It’s convenient and gives you the benefits of working online wherever you happen to be. But are you aware of the data security issues of working … Read More
Your Q1 2023 Deadlines for the Diary
The new financial year has started with some changes – remember, super is now 10.5%, and most workers should be paid super on all ordinary earnings as the $450 monthly threshold no longer applies. We’ve highlighted some upcoming business lodgment … Read More
Company Director? You’ll need a Director Identification Number from now on
What is a Director Identification Number? During 2021, the government initiated a new system that attaches a unique identifying number to an individual who is a company director. A director has one number permanently attached to them, and this is … Read More
Your Q4 2022 Deadlines for the Diary
Your Q4 2022 Deadlines for the Diary Have you got all your March quarter obligations under control? Soon enough, we’ll be into the last quarter of the financial year, often a busier time for small businesses. We’ve highlighted some upcoming … Read More
Super Guarantee Rate Rises in July to 10.5%
The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years now, to increase the rate to 12% incrementally. In July 2022, the rate will rise to 10.5%. From then … Read More
Business tips: Getting your operations up and running
If you are ‘pressing go’ on your new business, what are the key elements to have in place before you begin trading? The complexity of your operational model will vary greatly, depending on the kind of business you’re setting up. … Read More
Retail’s online boom: Are you getting a slice of the action?
In 2021, retail e-commerce sales amounted to approximately 4.9 trillion U.S. dollars worldwide, according to research by Statistica. At the same time spending at physical stores has dropped. While that was strongly influenced by Covid restrictions and distancing measures, the … Read More
Farm Accounting – 10 tips for success
Farming businesses have unique accounting needs. The specific challenges you face in running a successful and thriving farm, require tailored business advice that goes beyond simply tax and accounting needs. Not many other businesses rely on living produce and have … Read More