Navigating Financial Health: Mastering Cash Flow Forecasting for Your Small Business

In the dynamic world of small business, managing your cash flow effectively is not just a good practice – it’s essential for survival and growth. Understanding and implementing cash flow forecasting can be the compass that guides your business through uncertain financial seas. But what exactly is cash flow forecasting, and how can it transform … Read more

Who will have the most Epic Xmas Party for 2023?

Hello small business champions! The festive season is knocking on our doors, and it’s time to think about the Christmas party. You want to be the boss who hosts a bash that’s talked about well into the New Year, right? But here’s the catch: you want to do it smartly, without getting lost in a … Read more

2023 Budget Summary & Download

2023 budget review

Ace in the Hole’ Budget 2023-24 The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment have all pushed up corporate and individual tax receipts. … Read more

Celebrating 10 Years of Business Success and Looking Forward to the Future


It’s hard to believe that it’s been 10 years since Clayton took over the business from Graham Fuller in 2013. Over the years, we’ve experienced our fair share of ups and downs, but through it all, we’ve remained dedicated to our vision and goals of helping small businesses succeed. We couldn’t have achieved this milestone … Read more

Explore what the ‘Secure Jobs, Better Pay’ reforms mean?


Gender equality and addressing the pay gap The concept of gender equality is now included as an object in the Fair Work Act. Previously, to grant an Equal Remuneration Order (ERO) the Fair Work Commission (FWC) assessed claims utilising a comparable male group (male comparator). The legislation removes this requirement opening the way for historical … Read more

Avoiding the FBT Christmas Grinch!


It’s that time of year again – what to do for the Christmas party for the team, customers, gifts of appreciation for your favourite accountant (just kidding), etc. Here are our top tips for a generous and tax-effective Christmas season: Tax & Christmas – For your business For GST registered businesses (not tax exempt) that … Read more

Famous People Tax: The ATO’s U-turn 

tax for being famous

Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income you make may change under a new draft determination … Read more

Budget 2.0 Released – Cost of living pressures too continue


There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity driven $54.4 billion improvement in tax receipts has largely been banked, … Read more