4 Tips for Getting your Business through the tough times!

4 Tips for getting your Business through the tough times! If you’re a small business owner whose company hasn’t gone through hard times, that’s great but it’s likely to happen at some point. As much as we dream about being brilliant enough at business that we’ll never face slow times, there are many things beyond our control that can negatively affect our business. It’s highly likely that the Coronavirus and it’s resulting impacts, could put some significant pressure on your business. Here are four tips for getting your business through difficult periods so you can look forward years of business ownership. 1: Focus on your existing customers When companies go… Read More

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JobKeeper

Covid-19 JobKeeper Alternative Eligibility Tests

JobKeeper Alternative Eligibility Tests The ATO has just released Alternative Tests for the JobKeeper payment which expands eligibility from the initial basic test This is good news for many businesses, particularly startups, those affected by last year’s droughts and those with variable revenues. The JobKeeper payments are a wage subsidy for employers during  Covid-19,part of the Australian Federal Government Stimulus More information on ATO website : https://www.ato.gov.au/General/JobKeeper-Payment/ Basic Test If you satisfy the eligibility requirements for the basic test, you can ignore the alternative tests below. The basic test is satisfied where your projected GST turnover for the period falls short of your current GST turnover for the relevant comparison period,… Read More

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What’s new in the world of QuickBooks Online?

Quickbooks Online is at the forefront of modern technology thanks to its innovative cloud bookkeeping software solutions. Did you know that Quickbooks Online can run on your desktop, tablet and mobile devices? Save time running your business and achieve that work/life balance you deserve Thanks to new updates to the Quickbooks Online app, you can see the same information on your tablet or smartphone as you do on your computer. This means you can do all your invoicing and quotation all from your mobile device.  Why download the app? It is free and available on both Apple and Android devices The interface is similar to the desktop version, ensuring no… Read More

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Why you need a bookkeeper from day one

As a business owner, I appreciate that spending money on services can be a daunting predicament. Sure, in the short term, it may seem like a good idea to do your own books. But what by doing it yourself you are actually missing out on uncovering opportunities that will result in growth, greater profitability and sales? How you might ask. It’s simple. A bookkeeper undertakes training and has the knowledge required to understand the laws relating to Goods and Services Tax (GST), Business Activity Statement (BAS), Superannuation and Pay As You Go (PAYG). A bookkeeper will also understand the latest advances in cloud bookkeeping technologies. Better yet, a skilled bookkeeper… Read More

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