Business
6 Mobile Apps Helping Small Business Owners Thrive
May 1, 2020 | Business The right app can make almost any task easier, and this extends to running a small business too. With business owners often having to do a wide range of tasks with barely enough time to complete them all, having a great app to help out may just make things run…
How To Find A Great Business Idea
So, you want to join the exciting world of small business, be your own boss and shape your own career? All it takes is a great idea and you can get started. The trick is to find this great idea and run with it. Some ideas are crazy, and others are boring, but they still work. There are…
8 Services You Had No Idea Your Accountant Could Do
You may be surprised to know that there is more to accounting than tax and bookkeeping. While they both are major parts of an accountant’s job, as cloud computing makes these less time consuming, the role of an accountant has shifted. Now, an accountants’ services goes beyond simple tax and bookkeeping. Now your accountant can act more as your advisor, offering further services that…
Cash vs Accruals, Which GST Reporting Method Is Better?
If your business is registered for GST you should be aware of the reporting requirements you have. Most businesses will need to report the GST they collected each quarter in a business activity statement (BAS). Where things can get confusing for some business owners is in the different reporting methods you can use. Often, business…
A Guide On Helping Employees In Emergencies
Your employees are the lifeblood of your business. They have used their experience and talents to take what you started further than it ever could have gone before. Often, they can become like family. But when disaster strikes and your employees are impacted by it, providing help is the first thing on our mind. Normally,…
5 Things For Your Business To Avoid This Christmas Time
The Christmas crush is almost here. As the dates tick down to the 25th of December consumers go crazy, rushing to buy all the presents they need for their friends and family. This can be a stressful time for business owners. There is a delicate balance across the business’ processes to ensure that the entire business…
5 FBT Tips For Christmas
Everyone loves a great Christmas party. They are a great way to let your employees know that their hard work is well appreciated. However, a little tax planning is necessary to ensure you aren’t copped with a huge FBT (Fringe Benefits Tax) bill at the end of the fun. Generally, the three primary benefits employers will provide their…
How to Properly Recognise Income in Your Medical or Dental Practice
We’ve got some fantastic clients in the medical industry. When we get a new client in this industry, we see the same issues popping up every now and then. One of these issues is the way that income is recorded in the books of the business, and subsequently, how it is recorded on the BAS…
Advantages and Disadvantages of Using a Family Trust for your Business
A trust is a type of business structure often used by family businesses. In this structure, a trustee, who is either an individual or a company, will carry out the operations of the trust on behalf of the beneficiaries. Governing the trust is a Trust Deed which details all the rights and obligations of all…
How To Get Your PAYG Withholding Obligations Right
The rules have changed for pay as you go (PAYG) withholding. There are now changes to the rules surrounding claiming deductions on payments to your employees. As a small business owner, it is important that you keep up to date with and understand what changes have been made. Here is the rule change: What has been changed? …