Blog

We live in a digital world where our company’s data and (crucially) our customers’ data is under constant attack. Hackers are always looking for new ways to break into your systems and databases – and this has resulted in several significant data breaches in just the last few months…in October 2022 alone there has been […]

Personal services income (PSI) is income received as payment for individual personal efforts and skills. It applies to many contractors who provide services as their means of earning an income. Examples include Accountants, Lawyers, Doctors, Bookkeepers, Gardeners, Cleaners, Drivers etc.  PSI rules can apply to individual sole traders and other types of business entities, but […]

Your monthly activity statement is due by the 22nd or 25th of this month, depending on whether you lodge your activity statements monthly or quarterly. If you lodge monthly BAS, it is only the July BAS. If you lodge quarterly BAS (including PAYG), it is only the June BAS. If you lodge monthly IAS and […]

Producing regular management information is one way to help improve your business decision-making. But looking at historical numbers can only tell you so much. In business, you want to know what the future holds. And to make truly informed decisions about your future strategy, it’s important to use forecasting tools to project your data forwards […]

Wage Reviews The Fair Work Commission’s annual wage review has resulted in two announcements made this month: The National Minimum Wage will increase by $40 per week, (an increase of 5.2%) from 1 July 2022 award minimum wages will increase by 4.6%, which is subject to a minimum increase for award classifications of $40 per […]

Organising your documents now will mean you can get your tax return completed earlier and access any refunds due or start planning for tax payments. Getting your business records up to date and accurate will allow your Tax Agent to work with you proactively to plan for the coming year, which will continue to be […]