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.…
As a small business owner, the start of a new financial year can bring both excitement and a host of responsibilities. It’s crucial to stay informed and prepared for the changes and obligations that lie ahead. By addressing key aspects such as award pay rate increases, superannuation contributions, STP finalisation, WorkCover renewals, and budget planning,…
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…
Hiring staff is a costly and time-consuming process. The average annual wage for an employee in Australia is $67,860, not to mention the on-costs. Plus, it can take at least a few months to find the right employee and then help them become productive in the workplace. Today, we explore an overview of employer costs…
A strong relationship with a valued accountant is important for any business. If you’re looking to grow, manage challenges or even simply keep a stable income, an accountant will bring a level of expertise you most likely don’t have yourself. This is a relationship that needs to be invested in. That doesn’t mean you need…
When it comes to business budgets, clients often fall into one of two groups. Those who understand the benefits of proactively managing expectations and planning for growth. Or those who run for the hills when we mention preparing a budget. Budgets are a smart, strategic way to plan for the future of your business.…
Have you heard that Australian businesses can now benefit from employing new employees, utilising young job seekers between the ages of 16 – 35 years? Under the JobMaker scheme, employers have up until 6th October 2021 to apply to access a Hiring Credit Scheme that can potentially offset up to $10 400 a year. …
For many businesses across Australia, the JobKeeper subsidy has ensured that operations could continue during a highly unpredictable year. However, with the end of JobKeeper fast approaching, will this still be the case? Here are the updates your business needs to be aware of before JobKeeper ceases and how to be prepared when it does.
Want to increase your chances of ultimate business success? The secret lies in being proactive about your debtor management strategy and systems. Here is the Victor Bimrose step-by-step guide to help you get started today:
It is that time of year when we say goodbye to the year that’s just been and begin looking to the future, with anticipation. What will 2021 hold for us? How can we make our businesses thrive? And what do we need to do NOW to help make this happen? To help you get a…