Fresh COVID-19 cash flow support for NSW small businesses
With millions of NSW residents under stay-at-home orders and the state holding their collective breaths, it’s buoying to see fresh support offered to small businesses affected by the lockdown. There were two primary business streams of financial grant support announced on Tuesday by NSW Premier…
Australia’s minimum wage increase – how will this affect your small business?
In a move some say was overdue, the federal government is poised to raise the minimum national wage by 2.5% following a review by the Fair Work Commission. What does this mean for your small business and when does this increase kick-in? The Fair Work…
Why it’s time for community groups to uptake cloud accounting
Sporting clubs, religious groups, op shops and various other community groups, all represent a market in desperate need of cloud accounting. While small businesses in any industry would benefit from moving on from ‘shoebox accounting’ or Excel spreadsheets, community group organisations represent a clientele that…
The position of accountants in 2021
The position of the accountants in the past year has shifted sharply. The core work may remain the same, but as we know, the needs of clients and the compliance climate has changed dramatically. Software is evolving, business models are changing, restrictions are in place…
Should your small business use the instant asset tax write off?
Written by Angela Bichler: Sydney West Business Services. Chartered Accountant and Reckon Accredited Partner. The instant asset write-off is a primary component of this year’s federal budget and you could be forgiven for not knowing the new rules and spectrum of the scheme. After all,…
Optimising your payroll over the holidays
Not many of us wants to spend our precious holiday time pursuing business-related activities. Yet, if you have a spare day or two, a prudent business owner will take the opportunity to get ready for an even more efficient and profitable year ahead. Optimising your…
Why aren’t you using a business advisor?
If you run a small or medium-sized business in Australia, there’s immense benefit in utilising the services of a business advisor, accountant or even a commercial lawyer. However adept you may be at business planning, tax compliance, property, wealth management or cashflow forecasting, you can…
Did budget 2020 hit the target for Australian businesses?
In September, we surveyed over 1,000 Australian small businesses to gauge the temperature and aspirations of the business community ahead of the 2020 federal budget. Wish lists from small business owners are an important factor in evaluating whether the budget satisfied these hopes. Make no…