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Keeping up-to-date records of your business transactions sounds boring. It sounds easy enough, but in reality businesses may not claim everything they are entitled to due to misplaced receipts or not keeping a car log book for business travel. Having accurate and up-to-date bookkeeping is actually one of the core ways to keep your finances […]

There are several factors that affect whether superannuation is payable to a contractor. It all depends on the specific circumstances of the contractor’s engagement.  What is the contractor’s business structure? Superannuation is only payable by your business if the contractor is a sole trader or partnership. If the contractor is a company or trust, then […]

In July 2023, the superannuation guarantee statutory rate will rise to 11%. Annually, the rate is increasing by 0.5% until July 2025 when it will reach the legislated 12%.  What rate you use during June (10.5%) and July (11%) depends on what date the wages are actually paid.    For example, if the pay period finishes […]

You need to lodge your superannuation for January to March very soon.  Most superannuation clearing houses (including SuperStream compliant software companies) require payment by the 14th of the month in order to distribute the funds to the relevant super funds for each employee.  However, if you use the ATO Small business Clearing House (SBSCH) you […]

As a business owner, CEO or managing director, it’s important to look forwards. Your job is to guide the course of the company and to provide the roadmap for a successful year.  But navigating the hurdles and driving the business to success is never easy – especially when you’re confronted with a market and economy […]

Are you familiar with the ancient Japanese philosophy of ‘Kaizen’?  Kaizen is the principle of continuous improvement that can make a huge difference to the efficiency of any company and is saving some of the world’s most powerful companies millions of dollars a year. Sound good? Here are ways you can embrace Kaizen to improve […]