Reckon Blog

News and insights for small businesses

Get the latest industry news, including top tips from accounting and small business experts.
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Do client have to pay super to freelancers? 🤔 💸
Payday Super is a lotta admin (if you’re doing it wrong 💅)⁠ ⁠ Payday Super is now in effect, and that means employers have to pay superannuation contributions to workers alongside qualifying earnings (QE) every payday 🗓️ ⁠ ⁠ Good payroll software can make this SUPER easy by automating several important steps:⁠ 🤓 Calculating super based on QE⁠ 🔜 Sending money via a compliant superannuation clearing house to the right funds⁠ 🏦 Reporting everything via STP to the ATO⁠ ⁠ Remember, to stay compliant, super contributions need to be 1) accurate and 2) on time. Get it wrong, and you risk the wrath of the ATO (and a big a$$ fine 💸)⁠ ⁠ Link in bio to learn more 🔗 ✨
How super funds work after Payday Super 🏦 🚀 ✨ AKA saving for retirement
Business just got heaps easier 💪📊🚀⁠ ⁠ If you work in retail, hospitality, or the arts, you know good business = good inventory management ✅You need enough stock to stay in the game, but not *too much*, or you waste money 😬⁠ ⁠ Now, Reckon One can help find the right balance with new stock-tracking and purchasing tools, all in one app 📲 Our new inventory update can:⁠ ✅ Automate purchase orders⁠ 👀 See live stock levels⁠ 📊 Track costs in real-time⁠ 🤝 Built into your accounting software⁠ 🧾 Generate inventory reports (which is helpful for tax time)⁠ 🌎 Work remotely, so you can work from anywhere⁠ ⁠ Link in bio to learn how to manage inventory in Reckon One 🔗 ✨
Things that just SHOW UP as a business owner 😱 💀
What I wish I knew before freelancing 😭
RIP marketing budget during economic downturns ⚰️⁠ ⁠ If times are tough for your small business, don’t slash and burn your budget willy-nilly 💸 🔥 🙅Instead, focus on *spending smarter*, not spending less. ⁠ ⁠ Marketing serves an important role in your business. It helps you:⁠ 👋 Get new customers⁠ 😀 Make a good impression⁠ 💃 Stand out from the competition⁠ ⁠ And much more! So if you’re looking to stretch a buck and make your marketing budget work smarter, not harder, hit the link in our bio for some starting ideas 🔗 ✨
Why inventory is vital for business 🛠️ ✨
Are you paying super correctly?? 🫣 🫣
Hunting for eligible deductions this tax season? 🧐⁠ ⁠ Many small business owners overlook common tax deductions, especially from their marketing budget, such as:⁠ ✅ Paid advertising, e.g. Meta boosted posts⁠ ✅ Merchandise, e.g. flyers or t-shirts⁠ ✅ In-store decor, e.g. custom neon sign art⁠ ✅ Subscriptions to software, e.g. Microsoft (marketing emails) or Canva (graphic design)⁠ ✅ Branded gifts, e.g. thank you card for important suppliers⁠ ⁠ Remember, the ATO doesn’t care what department the claim sits under, just that:⁠ 👉 You paid for it⁠ 👉 For business purposes⁠ 👉 This tax year⁠ 👉 Weren’t reimbursed for it⁠ 👉 And can prove it (with a receipt)⁠ ⁠ Bigger deductions for things like business assets might be depreciated over a few years, but don’t forget about the Instant Asset Write-Off 🚀 This lets you claim eligible purchases up to $20k in value in a single tax year 👏 💡⁠ ⁠ (Also btw: accounting software can track tax claims in your bank history for you. Just sayin’). ⁠ ⁠ Link in bio for more potential tax claims 🔗 ✨
Best cities for startups in Australia 2026 📊 🏙️ 🏆 ✨
Don’t be dumb (like me) and get hacked like this 💀 💀

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