Blog tagged as Small Businesses

Ready to think about selling your business? Before you put the company on the market, it’s vital to go through a process of adding additional value to the business. We’ll help make sure you're running a tight ship.

If you’re not already using Single Touch Payroll Phase 2 in your payroll software, you may have more time before you have to start using STP 2. Talk to us today to check your payroll systems and software before upgrading to STP Phase 2.

Are you across the recent payroll and employment law updates? We can help check your payroll setup, award provisions, employee agreements, and payroll costing. We can also assess if your software is ready for ATO STP Phase 2 reporting.

Small businesses will get a bonus tax deduction on top of the allowable deduction for training their employees.

Does your business buy products and services from overseas suppliers? If so, you may be charged GST, but not always! We can review your accounts and software tax codes to make sure GST claims on overseas purchases are correct.

Not sure about the guidelines for cashing out annual leave? You need to know some essential rules before paying out annual leave so that employees are not disadvantaged. Talk to us, and we'll help review your payroll and leave obligations.

Do you know the difference between a financial and management accountant? If you’re keen to grow, switching to the benefits of management accounting could have a huge impact on your future destiny.

Do you operate a trust for investment or business purposes? Trust management can be complex but worthwhile to protect assets, streamline the tax return process and maximise allowable deductions. Talk to us about how we can help manage your trust.

Have you thought about the compliance needs of your business? We’ll explain the legal, accounting and tax requirements and how you set the right foundations.

Do you fully understand the impact of your business activities on your cash flow? Your cash flow statement can give you great insight into business operations. Book a session today to examine your financial reports.

Do you know when your business should register for GST? If you're not charging GST, check your income to know when to register with the ATO. Most businesses must register at $75k, but there are special rules for some. Talk to us to get set up.

Major lenders Westpac and National Australia Bank will face the House of Representatives standing committee on economics this week as it delves further into banking practices.

The Australian Small Business and Family Enterprise Ombudsman has welcomed the Commonwealth Bank’s decision to implement automatic “least-cost routing” for those with a turnover of less than $250,000.

Over 80% of NSW and Victoria SMEs plan to thrive after lockdowns

Australia Weekly Digest - 22 September 2021

Australia Weekly Digest - 7 July 2021

Australia Weekly Digest - 30 June 2021

Australia Weekly Digest - 23 June 2021

Australia Weekly Digest - 16 June 2021

Australia Weekly Digest - 9 June 2021