7 Tips for Evaluating the Financial Health of Your Small Business

One of the most critical tasks in small business ownership is regularly assessing your company’s financial health. Understanding your financial well-being goes beyond just looking at your bank balance; it involves thoroughly examining various financial indicators. In this article, we will delve into the critical aspects of evaluating the financial health of your small business.…

Tax Planning in 2022

Tax time is fast approaching and with the current economic climate starting to shift its good to start your tax planning early. As FY22 comes to an end we begin to look ahead to the upcoming annual tax season. After a particularly strange year in the global economy, and with a small amount of uncertainty…

People at an office

Important Information for Employers – Upcoming Changes to Superannuation Obligations

It wouldn’t be business as usual without an upcoming change to your employer obligations, would it? The latest round of changes applies to superannuation. Here’s a breakdown of the new super rules that will come into force in July 2022. Minimum Income Thresholds Scrapped Low-income workers will receive a boost to their superannuation after changes…

What is Single Touch Payroll Phase 2?

Single Touch Payroll is expanding to include additional information from 1 January 2022. We’re regularly being asked what this means to employers.   In short, STP2 is designed to reduce the reporting burden on employers, who are often reporting across multiple agencies. It’s also intended to help Services Australia (Centrelink) customers, such as your employees,…