Business
Breaking: Business Basics Grant Round 2 Opening Up for Regional Queensland
August 20, 2021 | Business The Business Basics Grant (BBG) was 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 on what they have deemed the essentials…
3 things you need to consider when starting a business
August 6, 2021 | Business Starting a business involves planning, making financial decisions, doing market research, and acquiring knowledge in areas you never thought you would learn about before. This article details a few of the first things you must consider in order to start off on the right foot. There are a few questions you…
A new grant to Boost QLD businesses
July 23, 2021 | Business A total of $2.5 million in grants will be available to small businesses in Queensland as part of the government’s Business Boost Grant Program. Grants of up to $15,000 will be available for businesses to complete projects like; future planning, specialised automated software and staff management, development and planning. This…
NSW Relief Package for COVID Impacted Businesses
July 6, 2021 | Business A new grant package in NSW has been designed to help thousands of small businesses impacted by the recent COVID lockdown restrictions. The package is made up of three main components: 1. Grant between $5,000 and $10,000 From late July 2021, businesses including sole traders that are impacted by…
Get it right with Alternative Work Arrangements (WFH)
June 30, 2021 | Business It is now very common for businesses to have alternative work arrangements in place for snap lockdowns like the one we are facing this week. These changes include working from home, changes in rosters, and hours of work. There have been temporary changes to increase award flexibility and to vary…
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 well underway, there are no expectations of extended border restrictions and international…
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, you can forecast and have a grasp as…
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 less boring and less complex. The end goal…
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 their own wages (closely held/related). Well, these concessions are ending as of 30…
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 costs, admin costs, debt collection costs, and although hard to measure…