2023 business people and workplace trends
There is a real family and lifestyle theme to the business people and workplace trends of the future. This comes after two years of social distancing and the governments new strategy of encouraging primary carers back to work to help alleviate the skills shortage. Here’s what you can expect to see some top employers offering…
Read More6 tips for being better off in 2023
2023 is likely to bring further inflation, interest rate rises and higher cost of goods and services. Now is a good time to consider how to make your money stretch further so you can be better off in the areas that mean the most to you. 1. Run a spending audit Print your bank statements…
Read MoreThe Top 3 Reasons to Hire an Accounting Firm for Your Business and Why It Can Save You Big!
At the beginning of your journey into entrepreneurship, it’s relatively easy to keep a handle on your business finances. But as your company grows, you suddenly have much more on your plate, from suppliers and customers to employees and logistics. The good news is that you’re reaching new heights with your business. The bad news…
Read MoreFederal Budget – the biz and finance wrap
By now, we’re all familiar with the political rhetoric around ‘tightening our belts’ to recover the $36.9 billion Federal Budget deficit and survive higher cost of living. The recently announced budget suggests that resource prices, taxes and low-unemployment are crucial to economic recovery. Read on to discovery how those budget themes will impact SME’s. A…
Read MoreTax and super rules for the festive season
Small businesses gearing up to hire Christmas and summer casuals for what (we hope) will be a prosperous peak period, or who wish to celebrate without restriction this festive season, must keep the new super and tax rules in mind. Summer casuals – Employers are now required, as of 1 July 2022, to pay their…
Read MoreThere’s an app for that! Best secure business and finance apps to save time and money.
We attended the recent XeroCon – one of the Accounting and Finance industry’s biggest events of the year. It was clear that the most efficient businesses – big and small – are tapped into some fantastic apps to save time and money. Here are some of our favourites. There are so many apps, it is…
Read MoreProperty: It’s a buyer’s market!
While the cost of living continues to rise, property prices are declining. This is good news for those looking to buy property, especially if it’s for the first time. Indeed, the State Government has introduced to parliament a proposal to give home owners the option of choosing Stamp Duty OR Land Tax. So, what do…
Read MoreTime is running out to register for mandatory Director ID numbers
Almost two thirds, or 1.6 million company directors across Australia have not yet applied for their Director ID number. The ATO’s new registration scheme has a deadline of 30 November 2022 for directors appointed on or before 31 October 2021, so it is absolutely critical that directors of companies and SMSFs avoid having their head in…
Read MoreHuge risk: Steps to protect and preserve online data
The largest cyberattack in Australia’s history via Optus in September has sparked huge concern over the susceptibility of our data, our identities and our credit. Almost in the same week that the hack occurred, the ATO announced that it intends to be fully digital by 2030. So how can you protect your business and personal…
Read MoreOverwhelming: Taxes about to increase as cost of living gets tighter
Federal Treasurer, Jim Chalmers has indicated that some tax and revenue measures may need to be adjusted (aka increased) in the next annual Federal Budget in May 2023, or as soon as 25 October when a mini budget is scheduled to be presented to Parliament. With interest rates and everyday expenses also rising, it’s important…
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