Single Touch Payroll (STP) – Getting clear for small businesses

After some delays in the date surrounding the implementation of single touch payroll, the legislation will come into effect on 1 July 2019 for employers with 19 or less employees. Employers with 20 or more employees have been required to report from 1 ...

It sounds like an easy question to answer: Who are your most profitable customers? But when it comes down to it, many business owners struggle to provide a definitive answer to this question. After all, customers are not always equally profitable. Some ...

Some of the most innovative and forward-thinking businesses in Australia are SMEs. With their ability to quickly adapt to technology and to scale up or down, smaller businesses often have advantages over larger, more cumbersome businesses. Maybe that’s ...

What happens when you don’t feed your body? You slow down, have trouble concentrating and can’t function normally. What happens when you don’t have the cash to feed your business? When you stop and think about it, cash is the food that nourishes your ...

If your business runs out of cash and can’t obtain new finance, it will fail. That’s why it’s critically important that you monitor and manage your cash flow.  Cash flow forecasts are one of the most important tools you can use to make sure your weekly, ...

Forecasts allow businesses to plan for the future with greater confidence, knowing their projections are based on accurate financial data. Forecasts improve your chances of maintaining overall financial health through varying market conditions, and your ...

What will happen to your business when you no longer stand at the helm? The end of your tenure may occur for several different reasons, whether it’s pursuing new opportunities, facing sickness or disability, or retiring and spending your time travelling. ...

Business succession planning involves more than just coming up with a list of possible successors. Done well, succession planning results not only in a smooth exit for the business owner but also in a healthy and improved bottom line for the business as ...

Every company, large or small, needs a cash flow forecast. Without plans for healthy cash flow, it can be difficult to hire, invest, allocate funds for marketing and equipment and even pay your bills on time. In fact, cash flow problems are one of the ...