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. … Read more
If you have opened your Xero chart of accounts and found a code called Owner A Drawings, and you are not sure what it is for or whether you should be using it, you are in the right place. It is one of the most common questions we get from business owners running their own … Read more
Keen to get into the property market as an investor? Before you start looking, you need to understand that what you’re looking for in a house, that you would occupy, might be different from an investment property. When you’re hunting for an investment property, rather than looking for features specific to your needs; like commute … Read more
Did you know that every business has one thing in common? There are 10 departments in every business, no matter how small. These are: Shareholder. Director. Leadership. Product / Service Development. Operations. Marketing. Sales. Finance. Admin / IT. HR. Many business owners control multiple departments and where many if not all of them. Now imagine … Read more
Your small business has a great story to tell, so make it count now and in the future. If you are looking to employ a PR consultant to help drive media coverage, make sure you have done your groundwork for your best chance of success. Four questions to ask internally: 1. Have you nailed your … Read more
If it’s time to (start using/switch to more powerful) online payroll software, I recommend Xero payroll for many reasons. We have listed a few of the reasons below on why Xero Payroll makes for one of the best choices for running payroll in your business. Simplicity – With just a few clicks you can choose how … Read more
SEO or Search Engine Optimisation is the term used to describe a number techniques you can use to increase the visibility of your company online. SEO may involve some time invested, but it is worthwhile to increase traffic and enquiries through your website Why is SEO so important? The internet is now the first port … Read more
You’ve been scammed, hacked or breached! Another year, another scam. While data-driven crime is more sophisticated and difficult to address than ever, human error and judgement remain one of the major problems. The latest data breach report from the Office of the Australian Information Commissioner (OAIC) is surprising for the simplicity of the problems – … Read more
Is a Self Managed Super Fund (SMSF) right for you? Or Maybe you already have a SMSF but want to make it work harder for you? More than a Million Australians run their own SMSF. But the small business clients talk and the news media is in a frenzy about SMSF’s and property investments. We … Read more
Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018. For employers Employers with 20 or more employees at 1 April 2018 must use standard business reporting-enabled software from 1 July 2018. The head count for … Read more
