Blog
How can small businesses compete with the big chains?
In tough economic times, small businesses can struggle. Big multinational chains often have the scale to undercut local competitors and survive even when times get tough. What can small businesses...
Your business may be selected for ATO’s PAYG withholding compliance test
From 1 July 2023, the ATO commenced an activity statement lodgment reminder program wherein 3,000 employers will be randomly selected for a compliance test. Even if they don’t lodge their...
3 Company Policies you should have in writing
Putting important company policies in writing makes good sense. It compels you to think about how you want your workplace to run and the things you want to emphasise, and...
Outstanding tax debts? ATO warns about disclosure to CRAs
The ATO has shifted its focus from providing assistance with tax through the pandemic to now re-establishing the culture of businesses paying their tax debts on time. Beginning from...
Writing a business plan? Read our guide
Your business plan is the sat-nav that keeps the company moving in the right direction. Having that guidance can be a massive benefit to your success as a business. But...
How to ride the wave of technological advancements
The rapid technological advancements we're seeing are a double-edged sword for many business owners, presenting both great opportunities and potential challenges. Adopting and integrating these new technologies is essential...
Contractor Rules for Medical and Allied Health Practices and Payroll Tax
Payroll tax audits and court cases during 2023 have brought the issue of payroll tax for medical practices into focus. Until recently, medical practices largely excluded contractors from calculations on...
Five steps to better cash flow
Develop a Cash Flow Forecast Improved cash flow management begins with creating a cash flow forecast. If your business is struggling, it needs to be quite detailed. Start by projecting...
A Guide to Wealth Management for Small to Medium Businesses
Understanding your Business Environment: Australia's small and medium business (SMB) sector is pivotal to its economy, contributing significantly to employment and GDP. However, the competitive business landscape, regulatory environment, and...
Balancing Financial Wellness and Mental Health
Recognise the Interconnection: Everything starts with introspection. Financial stress impacts mental well-being and vice versa. Acknowledging this (to yourself) can help you work on solutions and encourages conversations, which reduce...