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Updates on single touch payroll – extended to all employers

From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – will apply to all employers. What employers need to report will also be extended to include certain salary sacrificed amounts.  Employers with 20 or more employees have been required to use single touch payroll since 1 July 2018. The new rules push all businesses with employees into the single touch payroll system. …

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Keeping on top of small business cash flow

Why are people losing sight of cash flow? Everyone knows a business needs to stay in the black. It’s not a new idea. So it can be hard to imagine why a business would lose sight of cash flow. Until you’re in business yourself and you realise tracking small business cash flow isn’t as easy as it seems. For small businesses, this can involve: Keeping track of all your expense receipts – which gets really tricky if …

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6 ways to measure the health of your business

When you’re running a business, it’s easy to get caught up in the day-to-day activity and lose sight of the big picture. Taking stock of the health of your business is important. Knowing where you allow for more effective planning, early warning about any issues, and the chance to better chart a course for success. Attending one of our 7 ways to grow your business seminars is a great start to work out how you can grow the …

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Business Planning & Growth Advisory Services

THE BUILDING BLOCKS TO GREATNESS A PLAN TO WORK WITH Every business should have a Business Plan they can take action on. Any time is a good time to make a Business Plan if you don’t have one Learn more CONTINUOUS COACHING BENEFITS We appreciate that owning your own business is hard work; the purpose of Monthly Coaching is to provide you with accountability and support with planning and decision making to ensure progress Learn more Planning …

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It’s time to Review, NOT Renew!

Overheads, let’s start the beginning, in accounting jargon, to define ‘overhead’ is to refer to ongoing business expenses that aren’t related to labour costs, materials costs, or third-party expenses billed directly to customers like shipping or freight. Overheads can is also sometimes known as ‘operating expenses’, but we’re not here to try an confuse you. Sometimes when you’re running the business you sign up to shiny new objects and so stuck in the busyness of being in …

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