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Your December activity statement is due towards the end of February. Make sure you have checked off the following: Have you allocated all bank transactions to the correct accounts? Have you verified that the bank balance listed in your accounting software matches the balance in your bank account? Do you have tax invoices and receipts […]

CONTENT You’re running a business, so you know the legal requirements around producing accounts and submitting accurate BAS and tax returns. You can read a Profit and Loss report.  But As a business owner, managing director or CEO, there are three main areas of the accounting proposition that you’re probably most interested in: Compliance work – […]

It’s a fact.  The longer you leave not following up on overdue invoices, the less likely it is that you will get paid.  However, many business owners feel uncomfortable asking for money… even though it is rightfully theirs. Here are some tips on how to make payment chasing easier.   Send an email Send an […]

The Secure Jobs and Better Pay Bill 2022 was passed in November 2022 as an amendment to the Fair Work Act 2009. Some changes start immediately, and others will roll out over the next six months to a year. The act amends workplace relations laws relating to many aspects of employment. While not every new […]

Are your staff asking to cash out annual leave? There are some important rules to remember before paying out annual leave. Firstly, you must review the employee’s modern award to check that cashing out leave is explicitly allowed. Most awards do allow for excess annual leave to be paid out.  So, if your employee has […]

Whether you’re heading into a holiday period, or just planning to take a break (and congratulations, because a healthy business means work-life balance), it’s important to keep your cashflow under control. This means pre-planning and being proactive. Whether you are in the office or not, there are still overheads and salaries that need to be […]

The summer holiday period can be confusing to employers and employees alike – public holidays worked or taken as annual leave, business shutdowns, annual leave provisions… there are many rules employers need to understand. Fulltime and Parttime employees are entitled to annual leave and public holidays under the National Employment Standards minimum entitlements. Employers can ask employees […]

As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated, and revenue streams have had to evolve and pivot in order to continue doing business. To track, monitor and drive your financial performance, it’s increasingly important to have […]

Holiday breaks are a chance to recharge for the year ahead especially after the year we have had. We look forward to warmer weather and finally setting up an out-of-office email for the break. However, for business owners, this time is a stressful without careful cash-flow planning. Even if you do continue to operate through […]