by Tommy | 9 Sep 2021 | Small Business Tips, Technology
Software technology has evolved massively in the past decade, with cloud-based apps now fundamental to many of the internal and external processes in your business. To ensure you’re getting the best from the available tech, it’s important to choose the right... 
by Tommy | 8 Sep 2021 | Small Business Tips
There’s a massive difference between profit and cash. Let’s explore 5 key areas in your business to focus on. 1. Sales. Profit increases when you increase sales; cash increases when you collect the money from customers. To increase both your profit and cash from... 
by Tommy | 7 Sep 2021 | Bookkeeping Tips, Small Business Tips
What is the difference between a contractor and an employee and whose responsibility is it to get right? Here are some tips to get it right. An employee works in the business and is integral to that business has rights and entitlements under the Fair Work Act 2009 has... 
by Tommy | 6 Sep 2021 | Accounting
You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged an accountant? And do you understand the value that a good accountant and business adviser can add to your... 
by Tommy | 3 Sep 2021 | Bookkeeping Tips, Small Business Tips
Turning a profit will be high on your list of goals as a business owner. And if you want to save money and generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant help... 
by Tommy | 2 Sep 2021 | Payroll-Updates, Tax Updates
Many people new to running a business and employing people are unsure about the difference between PAYGI and PAYGW. They are not the same thing! PAYG stands for ‘pay as you go’. This is the means the ATO uses to obtain tax payments from both employees and business... 
by Tommy | 1 Sep 2021 | COVID-19, Small Business Tips
Being in lockdown is frustrating. There’s so much you can’t do. But is it the perfect time to do some business planning? Business planning constantly gets bumped to the bottom of the to-do list. It never feels urgent, especially when sales are strong and you’re... 
by Tommy | 31 Aug 2021 | Small Business Tips
Running a business will always mean incurring certain expenses, or ‘spend’. There are always costs, overheads and supplier bills that mount up. These expenses will gradually chip away at your cash position, making it more difficult to grow and make a profit. So, what... 
by Tommy | 27 Aug 2021 | COVID-19, Small Business Tips
The Fair Work Ombudsman (FWO) has released guidance for employers on vaccinations and the workplace. Currently, there are no laws in place that allow employers to order existing employees to be vaccinated against the coronavirus. The Australian Government policy is... 
by Tommy | 23 Aug 2021 | Small Business Tips
Business owners often feel overwhelmed, like they’re not in control of their business. The number of hours they’re working starts creeping up, they start experiencing more stress, and it starts affecting their personal life. So, how do you regain that much...
