In the ever-evolving landscape of business, the growth of your team is as crucial as the expansion of your operations. It’s with great excitement that we share an opportunity that could significantly benefit your business and its most valuable asset – your people. If your business is invested in enhancing the capabilities of your team through external training, there’s good news on the horizon. The Australian Taxation Office (ATO) has introduced the Small Business Skills and Training Boost, designed to support businesses like yours in nurturing talent and fostering growth ..read more

In the spirit of being prepared – FBT season is almost upon us and it’s crucial for employers to be in the know about their obligations. Here’s a quick checklist to keep you on top of your game: Identify Potential FBT Liabilities: Review the fringe benefits you’ve provided to your employees or their associates from 1 April 2023 to 31 March 2024. These can range from company cars to entertainment expenses, so keep a keen eye on all perks provided. Lodgement and Payment: If you’ve identified that you do owe FBT, remember to lodge your FBT return and make payment by 21 May. Timeliness is key to a ..read more

We’re excited to share an invaluable toolkit for enhancing your small business’s financial health, get Free Cash Flow Resources by clicking the button below. Crafted meticulously by the ATO in collaboration with the Department of Industry, Science, and Resources, these resources are your roadmap to mastering cash flow management. Dive into a comprehensive guide designed to bolster your business’s sustainability and ensure you meet your financial commitments with ease. Whether you’re in the nascent stages of your business journey or looking to refine existing strategies, these resources are tai ..read more

Welcome to 2024. Last year is in the rearview mirror, so there’s no better time than now to focus up and prepare to make this year better than last year in every way possible. Your checklist to consistent growth.  Set Clear Goals: Begin by setting realistic, measurable objectives. What’s your vision for 2024? What do you want to do better? Break it down into smaller achievable steps and focus on ticking them off so you see progress and stay motivated.  Embrace Innovation: Stay ahead of the curve. Explore new technologies or processes that can streamline your operations. Who can you c ..read more

Like many outside of the field of accounting, you may be unclear about the differences between a bookkeeper and an accountant. As a business owner, this differentiation is important to make since it will help you to understand what you company’s accounting needs are. Doing so will in turn assist you in getting the help you need. The Traditional role of a Bookkeeper The bookkeeper is at the very start of the accounting process because he or she is responsible to keeping track of the firm’s daily expenses. The traditional purpose of this professional is to note all financial transactions for the ..read more

Can you believe we already have two months in the books for 2023? It won’t be long until we’re talking about preparing for EOFY and Christmas. We better get cracking! One of our favourite sayings (and books) is “what got you here won’t get you there”, but how does that apply to your business? When you started working with us your business and goals may have looked different to how those things look now. As your business and goals grow and change, it’s good to remember that what got you here won’t get you there, you need a new plan. Understanding where you are and where you want to be is one pi ..read more

In today’s fast tech world, having a web site is paramount to the success of any business irrelevant of size.  Mobile technology makes accessing the internet easier than ever and social networking is becoming king of marketing.  An interactive web design will increase your business, keep you up to date and bring in more customers. 2014 marked the tipping point when mobile internet access exceeded that of desktop.    In Australia 77% of people won’t leave home without their phone and 58% use their mobile device for searching the internet.  An enormous 90% of mobile ..read more

Outsourcing to a competent bookkeeper is a good move; however, you could get in the way of the process with the things you do. This is why it is important to communicate well and openly with the professional you pick, so that you both have a thorough understanding of what is going on. Here are three simple ways that you could hurt your bookkeeper’s chances of helping you at all. 1) You are uncooperative Not having a full understanding of what a bookkeeper does, especially with the changes to the traditional role, and not having a full understanding of tax matters can make sum request for ..read more

Starting and growing a successful business Starting and growing a business takes hard work, dedication, sacrifice, knowing and following the rules as well as having the right tools. This is why you should always reassess your business to see if your needs have changed and if they are being met. It is also why you are urged to understand the most basic tools you will need and ensure that you have access to them at all times, and that you use them to their fullest potential. 3 Basic Tools You Need Reliable Email System The need to correspond overrides many when you are operating a business. In f ..read more

Every business is required to spend money in order to make any, but this does not mean than you should be spending without a plan. Additionally, the best way to invest in a business is often the way that allows you to spend the least amount of money while getting the best possible return (unless of course this equates to inadequate investments in your own company). You therefore want to ensure that you have a budget and that you choose the most cost-effective ways to use it. Signs You are not Doing Things Right There are Clear Indications of Overspending The basic idea of making a profit is to ..read more