Business
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…
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 11 May 2021 These grants will target specific groups…
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 on what they have deemed the essentials…
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 dealing with depreciation. For the purpose…
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 reveal the whole truth about why they…
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 new regime, all Directors will need to verify their ID…
New QLD government grants opened now
May 12, 2021 | Business The QLD Government announced 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 11 May 2021 These grants will target specific groups within the sector…
The ultimate business owners guide to the 2021 Federal bounce back budget
May 12, 2021 | Business As opposed to a structural reform, this year’s federal budget is centred around the idea of facilitating the flow of funds to boost the economy – Hence the affectionate name ‘the bounce back’ budget. Ultimately, we see no substantial changes to the tax system, as the fundamental changes have already…
JobKeeper is done: 3 essential business elements to focus on.
April 30, 2021 | Business The coming weeks could bring on a brutal economic shock with the end of the $90 billion JobKeeper wage subsidy scheme. This should encourage business owners to start thinking about the future as there will be millions of Australians affected. This article details 3 important actions business owners should be doing to…