Australia is in the midst of a bushfire crisis that will affect local communities for years, if not permanently, due to a national crisis of underinsurance. Already more than 1,500 homes have been destroyed – with months still to go in the bushfire season. Compare this to 2009, when Victoria’s “Black Saturday” fires claimed more than 2,000 homes in February, or 1983, when the “Ash Wednesday” fires destroyed about 2,400

Accountants can help out at various stages during the growth of your business. They can handle much more than just your payroll and tax returns. So when should you consider hiring an accountant for your small business? Share Share Email Share Xero Xero Challenges for growing small businesses There are good reasons for hiring an accountant at different stages of your company’s growth. From a business plan to company formation,

An employee may have a statutory right to volunteer as part of the national response to the bushfire relief effort and there are several types of leave available. Background The nation and the world have watched as Australia grapples with one of the worst natural disasters the country has ever seen. As part of the national relief effort, employers and employees should be aware of entitlements available to those volunteering

The Government has reintroduced legislation to create a new system to register company directors using a unique identification number and to modernise Australia’s broader business registers. The introduction of Director Identification Numbers (DIN) primarily targets phoenix activities, where company controllers shutdown an existing entity and transfer its assets to a new company as a means to avoid debts and liabilities, at significant cost to its creditors, employees and the Australian

The ATO recently released statistics showing small business is responsible for 12.5% ($11.1 billion) of the total estimated ‘tax gap’. These new figures give visibility to tax compliance issues within the small business sector and indicate where we can expect ATO resources to be focussed now and in the future. The tax gap estimates the difference between the tax collected and the amount that would have been collected if everyone

From Senate inquiries to proposed legislation, below is a summary of some of the major changes that happened in the business environment in 2019 including the new trend of indoor signs as many big companies used to do already.. January: Senate Inquiry into Credit and financial services targeted at Australians at risk of financial hardship The inquiry focused on payday business loan, consumer leases and buy-now-pay-later providers and how these

DPNs can be scary and confusing! They also have hidden tricks and traps that many people will not recognise or understand, so we’ve provided below an infographic to help you understand your DPN. If you’ve received a DPN and would like to talk to someone, call our friendly staff on 4922 6128.

Informal workplace complaints are unfortunately something that managers have to handle on a regular basis: whether it’s an employee letting off steam and having a whinge about their colleagues or something more serious such as an employee requesting an anti-fatigue mat to stand on from someplace like this great Matting for Sale. Given the very nature of informal workplace complaints (the fact that they are usually verbal, aren’t made in

Ever wonder why you still see $99.95 items on sale when it’s obvious that it’s a marketing trick? with the gift card system for small business you can increase gift voucher revenue, simplify processes and improve cash flows. Because it works. If these marketing tips don’t work for your business then you should try these Franchise Advertising tactics. With marketers creating campaigns based and behavioural insights backed by data, pricing

Five years ago, the Australian Taxation Office (ATO) offered a penalty amnesty on undisclosed foreign income. Five years on, the ATO has again flagged that underreporting of foreign income is an issue but this time the gloves are off. How you are taxed and what you are taxed on depends on your residency status for tax purposes. As tax residency can be different to your general residency status it’s important