Another year around the sun. Earth Day 2024 is on 22 April, and awareness and participation has never been more vital. The importance of Earth Day, and the real-world effects it has, can’t be overstated. The world is at a severe tipping point in terms of environmental degradation and only swift and collective action will avert what will essentially be a global catastrophe. Yes, it’s really that bad. But we can do it if we all intentionally join in action. The theme this year is Planet vs. Plastics. So, what does that mean, what events and actions will be taking place, and more importantly, wh ..read more

Guest post by AON An overview of key policy and cover types, best practices for choosing the right policy and making claims. Business insurance is a purchase you should make, not necessarily one that you want to. But it’s also no understatement that a lot can go wrong while running your business – despite your professionalism and expertise, some things are still out of your control. Whether it’s theft, a customer injury, property damage or a data breach, these are just a few things that can occur. Without insurance, these issues may result in huge costs for your business that you will have to ..read more

What’s been cracking in the world of business throughout March? We nailed down the most pressing news for Aussie small businesses (that might actually affect you). We have the ATO chasing tax debts, the Fair Work Commission making decisions on the national minimum wage, and more steadying of interest rates and inflation. Let’s dive in. The ATO backtracks and calls in previously ‘written off’ tax debts In a move that has raised eyebrows and stoked backlash from at least two federal Ombudsmen in a recent report, the ATO has resurrected old tax debts that had been previously ‘written off’. The ..read more

Here we go lads and lasses, the Easter long weekend is coming at us like a startled hare. So, what do you need to think about now before the long weekend hits you in the face? Different businesses will have different needs over the Easter holiday period – retail will have some hoops to jump, while online retailers will be more concerned with pulling as much trade as possible.  But lets’ go through the basics to ensure you’re prepared … Brick and mortar retail may have restricted trade As you may be aware, the main difference between online trading and physical retail will be opening res ..read more

If you’re either already running your own business or gearing up – one of the more important statements you can produce is a cash flow statement. Cash flow is the life blood of your business and critical to being able to pay debts and survive, nay, thrive. Poor cashflow is often cited as the most critical factor for businesses to prosper. Let’s unpack this critical aspect to business management. What is cash flow in simple terms? Cash flow is basically a measure of the flow of money in and out of your business. Revenue flows in while expenses flow out. This means that cash flow represents yo ..read more

Small business compliance is a rather broad catch-all term, but there are some core components to business compliance that affect almost any business owner. Compliance refers to the tasks you have to undertake, reporting you must adhere to, and rules you must abide by, to be a rule-abiding business in Australia. Let’s take a squizz at some of the most important and common aspects to business compliance and regulatory adherence in Australia, Run through this checklist to make sure you tick all the boxes… Business registration Make sure you register your business properly according to your chos ..read more

Australia’s thriving trades industry, coupled with the continuous demand for plumbing services, presents a lucrative opportunity for aspiring entrepreneurs to start their plumbing business. However, embarking on this journey requires meticulous planning, industry knowledge, and adherence to legal regulations. In this guide, we’ll navigate through the essential steps to show you how to start a plumbing business in Australia. Starting a plumbing business requires necessary plumbing qualifications and licenses I’m guessing you already knew that, but yeah, you need to be qualified! Before diving ..read more

Article by Sam Allert, Reckon CEO. Reckon is proud to announce its full year results for 2023, with the company displaying robust growth across the board and a consistent commitment to key areas of development. The Business Group continues to generate strong cashflow through products like Reckon One and Reckon Payroll, alongside strong performances from the Legal Group – largely focused on the US and UK legal firm markets. “2023 was another strong year for us, delivering to our plan of maintaining revenue growth in the highly profitable and cash generating Business Group which then provides ..read more

What’s been cranking in the world of business in the early stages of 2024? We rounded up the top business news for the month of January. Let’s dive in… Revised Stage 3 tax cuts to benefit the overwhelming majority of Australians. Almost every Australian will be receiving a tax break in the upcoming stage three tax cuts. In fact, on average Australians will see an $804 benefit. While some at the top end of town may receive less than the generous slash promised by the previous government, the revised stage 3 tax cuts will now contain meaningful benefit to the majority of Australians. Why were t ..read more

Guest post by Maya Kirianova Managing fixed expenses is essential for individuals, families, and businesses when it comes to management. These expenses refer to the recurring costs that remain relatively stable in terms of their amount.  Examples of fixed expenses include rent or mortgage payments, utility bills, insurance premiums, loan repayments, and more. The effective management of these fixed expenses plays a role in staying within our budget and ensuring stability. In this article, we will explore some tips on managing fixed expenses. Importance of Managing Fixed Expenses Before ..read more