Plan to Survive by Reducing Expenditure

      Expense blow outs are inevitable in business.  Reducing expenditure should be looked at regularly to help strengthen your business. Strengthen your Business Strengthening your business doesn’t just involve financial management, but also includes strategies to retain and broaden your customer base, market your business affordably, keep high morale among staff and improve…

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Superannuation Reporting

. In 2011 it became compulsory for all employers to be SuperStream compliant. What is Superstream? SuperStream allows you to make a single online payment for superannuation contributions to all employees’ super funds. If you are using an accounting platform for your accounts you can also apply through them to lodge your superannuation either monthly…

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How to make your Business a Lean Mean Fighting Machine (Part 3) Featured

So here it is the final section of our 3 part series on How to make your Business a Lean Mean Fighting Machine.  And we think that it is THE biggest backbone area of any business.  Get it right first time and you shouldn’t have any problems going forward. HouseKeeping Business Records to Keep The…

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How to make your Festive event Festive in a good way Featured

  Tis the season to be jolly, but in all seriousness the festive season and end of year celebrations can be a source of anxiety for employers who are unsure of their obligations to their workers. When it comes to work celebrations, employers need to make sure workers understand what behaviour and conduct is acceptable…

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What a bookkeeper has to learn to provide services

So You need a Bookkeeper…… You’ve jumped online to ask “Dr Google” how much a “Bookkeeper” will cost you and Dr Google has come back with something along the lines of “Between $20-$50”   Right? Wrong! Chances are these are either US dollars or prices so old that they’ve collected cobwebs in the background coding of…

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Workplace Christmas Parties and Fringe Benefit Tax

Every year there is a lot of confusion over what a business can claim as a taxable supply around the annual Christmas Party and gift giving.  The rules are pretty complicated but here is a guiding summary. Christmas Parties: (Excerpt from www.ato.gov.au) “The cost of providing a Christmas party is income tax deductible only to…

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In Business? You need a Support Team

It’s easy to become anxious or overwhelmed and start jumping around from one task to another during your day, to get back on top of it. That approach can add a lot of stress, but you can avoid it by outsourcing to professionals. What you’re addressing with this is the chaos; chaos breeds anxiety and…

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How to make your Business a Lean Mean Fighting Machine (Part 2)

In Part 2 of our series to a Lean Mean Fighting Machine Business we look at ways to Keep the Cashflowing in your Business. Margins You must try to maintain margins as much as possible – not just through more sales but by good cost management.  Competitors may falter which may give an opportunity to…

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How to make your Business a Lean Mean Fighting Machine (Part 1)

Small businesses often have a multitude of contributing factors that can affect their bottom line.  Rising costs and excess stock contribute drastically with cash flow and over purchasing. In Part 1 of our 3 part series we give a few tips on how to go about turning your high overhead business turn into a Lean…

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Bookkeeping Terms

Want to have some insightful, informed conversations with your bookkeeper?  Do you want to increase your bookkeeping knowledge? Hiring a registered bookkeeper is considered good business practice in many industry circles.  But just because you delegate your bookkeeping doesn’t mean that you should not be involved in the running of your business.  On the Contrary,…

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TPAR – Is your Industry Required to Lodge?

Total Payment Annual Reporting (TPAR) informs ATO about payments made to contractors for providing services. Contractors can include sub-contractors, consultants and independent contractors. They can be operating as sole traders (individuals), companies, partnerships or trusts. Details you need to report are found on the invoice you should have received from them. This includes: their Australian…

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