From July 1, 2023, a key thing happened for small businesses that manage employees covered by a modern award: base rates went up by 5.75%. Add this obligation into your already complex workload of managing staff hours, leave entitlements, tax responsibilities and...
If you run a virtual business you know how much time and effort you spend to make it a success. Like some virtual businesses, you might be running your company with people spread out all across the country or even the world. Accounting and bookkeeping might be the...
As a business owner, you may be feeling the pinch at the moment. Deloitte recently reported the weakest rate of economic growth outside of the COVID pandemic since the 1990s recession, and warned that Australia’s economy is on a knife edge. Your first thought as a...
A growing business is a fantastic problem to have, as many business owners will say in jest. However as your business grows, so does your administration, premises, inventory, employees – and the demands on your time. Take stock and begin to put your finger on...
Depending on what type of business you’re in – perhaps you sell jam, rope, or expertise (perhaps all three!) – your chart of accounts that Xero presents you with when you fire it up for the first time is vital to keeping your bookkeeping, tax accounting,...
As a business owner, do you pay yourself? You may be staring blank at that question, but it’s something you need to be across. As bookkeepers and accountants, we can make the mental leap from “our business” to “someone who works in the business” as a matter of course...
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