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 […]
On 24 May 2018 the Minister for Revenue and Financial Services announced a 12 month amnesty for all employers to enable them to pay any past superannuation guarantee shortfalls without penalties. The legislation is before parliament and needs to be passed to come into effect. The 12 month amnesty is for the period 24 May […]
Last night, Malcolm Turnbull announced the Australian budget for 2018/2019. Highlights for small business in Australia: $20,000 Instant asset write off scheme has been extended for another 12 months to 30 June 2019 for businesses turning over less than $10m. This is great news for small business. Overseas hotel providers will be required to pay […]
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 […]