Smart Businesses must Adapt to Survive. As the environment around our business changes, only the business owners prepared to adapt will continue to exist into the decades to come. P.T Barnum was a revolutionary businessman in his time. The film ‘The Greatest Showman’ is a story of the ups and downs of business and the […]
Cashflow is King is a popular catchphrase in business at the moment. How do you improve your cashflow? This article talks about why cashflow is important and gives simple suggestions every business can implement to improve their cashflow position.
With so much chatter about the Paperless Office, is it really possible? Why would you want to go paperless? After all, we’ve got so used to working with paper, we don’t mind it at all. Some of the more OCD of us actually love filing. Even if we decide to go paperless, what if the […]
Are your business accounts processed on a desktop computer or are they ‘in the cloud’? Now that the ATO have legislated all Australian employers must lodge their payroll via Single Touch Payroll (STP), businesses using desktop accounting are feeling the pressure to move to the cloud. So, what is involved and how is this best […]
As more of us move to the cloud and become increasingly dependent on technology for our everyday lives, the threat of cyber attack has brought us to an entirely new era of security. Cloud technology has greatly increased our efficiency and productivity. We have the internet at our fingertips, apps on our phones, we can […]
Which foreign entities must register for gST? From July 1 2018, if a foreign business trades in Australia, they must register for GST and pay GST to the Australian government if their Australian sales are above the threshhold. The sales threshhold is $75,000 AUD. If a business expects to make sales to Australian consumers over […]
Cyber Security is a growing problem for small business. It costs the Australian economy more than $1bn annually. Data from the Australian Small Business and Family Enterprise Ombudman suggests that: Small Business is the target of 43% of all cyber crimes 60% of small business who experience a significant cyber breach go out of business […]
Every year, there is much confusion over what a business can claim as a taxable supply around the annual Christmas Party and gift giving. The rules are pretty complicated but here is a summary: Christmas Parties This exerpt is from www.ato.gov.au ‘The cost of providing a Christmas party is income tax deductible only to the […]