Tax debts to affect your credit score
Your tax debts could soon affect your credit score after the government released draft legislation to allow ATO to share debt details of businesses to credit rating agencies subject to certain conditions. Previously, it was an offence punishable by 2 years imprisonment for a taxation officer to disclose protected information, such as information relating to […]
Payroll reporting: a touchy subject
If you are an employer the way you report payments, such as salaries and wages, pay as you go (PAYG) withholding and superannuation is changing from next year. The ATO will need you to report these payments directly from your payroll solution in real-time, at the same time as you pay your employees. This is […]
Uber not an employer
The Fair Work Commission has found that Uber is not an employer and thus not subject to unfair dismissal laws. With the rise of the gig economy, employment benefits such as minimum wages and conditions, entitlement to annual, sick and long service leave, superannuation, and protection from unfair dismissal and unlawful termination could all […]
Starting a new business
Starting a new business is an exciting time for the soon-to-be business owners! They’re full of great ideas, positivity and endless amounts of passion – key ingredients to a business’ success. However there are so many things to consider when starting out, that some of the key areas go un-noticed. Here is a list of a few […]
Small Business Benchmarks
Starting a business is hard work. It starts much earlier than your first day of trading. Lots of planning, building and training goes in to the venture before you can even open the doors! This brings with it a heap of worrying thoughts. What if it doesn’t work? What if i run out of money? […]
Accountability in Business
Most small business owners know exactly what they want to achieve from their business, but very few communicate their goals to their support team. It’s very easy to get bogged down in the day to day requirements of your business (i.e. working in the business), that we forget to take the time to take a […]
Do I need a budget?
Happy New (financial) Year!! The beginning of a new year is a great time to not only reflect on last year’s performance (and the key drivers towards that performance), but also to set some goals for the next 12 months. Without goals, we are pretty much running blind, with no real posts to aim for. […]
Should I move to Xero?
The end of a financial year is a great time to reflect on how your business has performed over the last 12 months. The lead up to 30th June is also a great time to consider what goals you have for the next financial year, both financially and non financially. A lot of clients use […]
