Business

The Annual Wage Review – What you need to do and when June 18, 2021 | Business The Fair Work Commission wage panel has announced a 2.5% increase to the national minimum wage starting 1 July 2021. The decision was based on a premise that the economy has ‘exceeded expectations’ and that a recovery was…

4 critical mistakes people make with their bookkeeping June 11, 2021 | Business Having a strong finance function is an imperative part of your business. With this, you must ensure that your bookkeeping is done correctly so that your figures are accurate so that you can assess your business position. When your numbers are right,…

Why you need meaningful Cashflow and Budget reports June 10, 2021 | Business Is the first thing that comes to mind, when you hear Cashflow and Budgets, an endless spreadsheet that is hard to read and it needs endless updates? Well, that is one way to do it but there are other ways that are…

What you need to know about STP and the concessions ending June 2021. May 24, 2021 | Business Most businesses now report their payroll information via Single Touch Payroll or more commonly known as STP. However, you may not have known but small employers (under 19) have had some concessions when it comes to reporting…

The real cost of late payments and how to reduce them May 21, 2021 | Business Poor cashflow is the main cause of small business failure and late payments is one big part of it. Some of the impacts a small business will face due to late payments are, as we mentioned, poor cashflow, finance…

Opening dates released for three new QLD Government Grants May 20, 2021 | Business The QLD Government announced more information regarding three new small business grant programs worth $25 million over the next two years. The Business Basics – opens 31 May 2021 Business Boost – opens late July 2021 Business Growth Fund – opens…

What is this juicy Business Basics Grant? May 19, 2021 | Business The Business Basics Grant (BBG) is a new grant introduced by the Queensland Government that is designed to provide support to businesses to increase core skills and adopt best practices. The state government has decided that it is time for businesses to upskill…

FAQs on depreciation for business owners May 17, 2021 | Business Depreciation, as a general definition is the expensing of the reduction in value of an asset due to the natural wear and tear of an asset over time. As business owners, if you own commercial buildings, vehicles, or equipment, you will most definitely be…

The top 8 reasons why staff leave May 17, 2021 | Business Australia is facing a shortage of skilled labour. When the supply of staff dries up the focus often turns to retention. But the first step is to understand why the people you want to stay, choose to move on. Very few people will…

What you need to know about the new Director IDs May 14, 2021 | Business All Directors will be required to register for a unique identification number that they will keep for life.   Why? ASIC currently does not verify the identity of Directors and any name could be registered as a Director. Under the…