Finding funding and support that are available for your small business can be overwhelming but with our compilation of 10 opportunities below, you may be able to take advantage of some great initiatives. EMPLOYING AND TRAINING Small Business Grants (NSW) Provides small business owners in NSW who don’t pay payroll tax a payment of $2,000 for each new full-time position … Read More
Financing Assets The Right Way (Guest Blog from Finance & Leasing Solutions)
The age-old question – is cash or finance the best way to purchase a car or equipment? You need to buy a new car or piece of equipment for yourself or the business and you ask yourself should I pay cash or finance the purchase? Paying cash is the quickest, easiest and cheapest option; you don’t need to get documentation … Read More
Top tips for business owners wanting to boost their retirement nest egg – Part 2 (Guest Blog from Acadia Wealth Advice)
It is not uncommon to see owners of many thriving businesses devote all their financial resources, time and attention into their businesses at the expense of their personal finances. Often this requires accelerating efforts to boost their retirement savings at the back end of their working lives. In our earlier blog we spoke about the recent changes to superannuation, specifically … Read More
Top tips for business owners transitioning into retirement – Part 1 (Guest Blog from Acadia Wealth Advice)
Chances are you’ve poured your blood sweat and many tears into building your business into the thriving venture it is today. Now, it’s time to turn your attention to what life looks like as you transition into retirement or pull up stumps completely. Successfully transitioning out of your business can be a lengthy process with financial, legal and operational obligations. … Read More
Spotlight On: Super Strategies for Employees
For many, the new calendar year is a time for change and refocusing, and the end of the financial year should be no different. Australia recently welcomed some positive changes to superannuation for employees. So if you are an employee, now it’s time to focus on your finances and consider the following opportunities for maximising your employment package and overall … Read More
Spotlight On: Super Strategies for Business Owners
There is no doubt you have heard a lot about the recent super reforms. With so much being said, we’ve distilled our top strategies to help you stay compliant and take advantage of the new rules. Make voluntary personal contributions The goal posts are changing around both concessional (pre-tax) and non-concessional contributions caps. Lower super caps make it harder … Read More
3 Ways to manage ATO debt before it’s too late
With small businesses accounting for $12.5 billion in overdue tax, it’s no surprise the Australian Tax Office (ATO) is reprioritising tax debt in order to balance the budget. From 1 July 2017, small businesses will risk outstanding debt being disclosed to credit agencies. While the measure will only apply to those businesses with an Australian Business Number and tax debt … Read More
9 Simple Steps To Prepare Employee Payment Summary With Xero
If you’re on Xero, providing your employees with their payment summaries and submitting them to the ATO has never been easier! From anytime after 30 June you can prepare your employee payment summaries. You must send to your employees by 14 July and to the ATO by 14 August. Check out these 9 simple steps below and you’ll be all … Read More
2017/18 Budget changes that may affect your business.
The 2017-18 Budget has been sold as a Budget of “choices”, with the Government making some clear-cut decisions about who to reward and who to penalise. While there’s much to be said about the complete budget, we’ve reviewed the key highlights that may affect your business. Want a printable version of this infographic? Click here. To view the full … Read More
How to minimise the risk of your Xero account being compromised
There are many benefits to using cloud accounting. Using cloud systems such as Xero delivers the flexibility of accessing your data from anywhere, at any time, and contrary to some belief, there can be a higher level of security than many small business networks. That said, we don’t deny cyber crime is becoming more sophisticated with an alarming increase in phishing scams … Read More