Is your business ready for EOFY?

CraigBusiness Structures, General, Tax

While most people would assume we’re pedal to the metal for tax time, it’s pretty much business as usual. We’ve been discussing tax planning with our clients over the past 12 months. Sure, we’ll give them a gentle reminder to pay super contributions before 30 June, including any additional super contributions for the year, but really, it’s just like any … Read More

2018/19 Budget changes that may affect your business.

StuartBusiness Process, General, Super, Tax

2018-19 budget changes affect small business

Reward for work is a dominant theme in this year’s Budget. The seven year personal income tax plan initially targets low to middle income earners before making significant changes to the tax brackets. While there’s much to be said about the complete budget, we’ve reviewed the key highlights that may affect your business. $20k accelerated depreciation extended until 30 June … Read More

The accountant and the bookkeeper: A match made in financial heaven

CraigBusiness Process, Cloud Accounting, General

With 1,440 minutes in a day, it’s no surprise small business owners hustle to make every minute (and dollar!) count. We know tracking financials can be a chore, but it doesn’t have to be. Tell-tale signs you need a bookkeeper  No time to work on the business You don’t understand your compliance requirements You don’t understand your cash flow Invoices … Read More

How does your business stack up?

CraigBusiness Audit

Understanding your business and using the data to make effective, strategic decisions is vital to the success of your business. And with the help of your accountant and accounting software, you should be able to identify and measure your key areas on a regular basis. The trouble most business owners have with setting business targets is that many businesses don’t … Read More

Top cyber security tips for small business

StuartBusiness Technology, Cloud Accounting

Huge opportunities for small businesses beckon thanks to online technology and the connections it forges. With this in mind, it’s important you’re equipped to deal with cyber security threats. From phishing scams and ransoms to data hacks and fraud, cyber threats come in all shapes and sizes. But there are ways to minimise the chance of your business data being … Read More

GST credits and how you can claim them

StuartTax

Most business owners wonder how to claim GST for their business. Little do many realise that there are three essential elements to claiming a deduction for a business purchase in your activity statement. Check your eligibility If your business turnover is more than $75,000 per year, the Australian Taxation Office requires you to be registered for GST. 542 Tip: Registering … Read More

Do you know who you’re doing business with?

CraigGeneral

Whether you are a business owner working with other businesses, or a contractor or employee, there are signs to look out for that may indicate a company is involved in illegal phoenix activity. What is Phoenix Activity? It’s when a new company is generated to renew the activity of an existing company that has been deliberately liquidated to avoid paying … Read More

Your casual employees may be entitled to super

CraigSuper

Your casual employees may be entitled to super

The ATO recently reminded small businesses about paying super guarantee (SG) to their casual employees, regardless of whether they are full-time, part-time or casual. If you’re not sure whether your workers are employees or contractors, use the ATO’s Employee/Contractor decision tool. You can use this to work out if your worker is an employee or contractor for tax and super … Read More

5 ways to shape up your business in 2018

StuartBusiness Technology, Cloud Accounting, General

5 ways to shape up your business in 2018

It’s no secret that we love using the latest technology to improve our clients (and our own) efficiency and business processes. There’s nothing better than saving time (and therefore money) with clever technology. But sometimes, we adopt so much technology that it can have the opposite effect. Technology should supercharge your business life and not complicate it. Here are five mighty … Read More