This is a step by step guide on how to register for and administer JobKeeper since keeping track of employees can become complicated without the right help. If you would also like to be prepared for any legal matters regarding your employees then consider contacting an employment law firm. Use this Guide to: Determine your eligibility for the JobKeeper program Determine your eligible employees Enrol your business and employees for
29
Mar 2020
Buying a Franchise – Boon or Bane?
Taking the first steps towards buying your own business is a big step by itself, but then comes various questions Which? What? When? Where? In this blog we will learn more about the franchise business model like ones used at the huntington learning center. When you start a business you have to learn new laws and ways of doing business depending on the sector, it may be difficult and some
27
Feb 2020
How much super do you need?
What’s a comfortable retirement income in Australia, and how much super do Australians need to achieve it? It depends on who you ask. At a glance: Three factors determine the required savings amount: income, lifestyle, and life expectancy. The commonly cited $1.6 million figure is an attempt to address longevity considerations. The ASFA’s benchmark retirement income is known as the ASFA Retirement Standard. For some Australians, A$500,000 in super and
21
Feb 2020
Metrics and KPI’s for Hospitality
Simply knowing the net profit of your hotel, café or restaurant does not provide you with enough information to successfully run your business. There are other numbers and indicators that can help you identify the strengths and weaknesses of your business. These KPIs for Hospitality are a great starting point for your monthly management reports. Key Performance Indicators or KPIs (or, as we like to call them Tools for Success), are
21
Feb 2020
7 Important Business KPI’s for Cash Management
KPI’s for cash management provide businesses with a quick way of monitoring availability of cash. Unless you have the luxury of a few spare millions sitting idle, managing cash is important for every organisation. Here, we discuss a selection of important KPI’s for cash management every business should consider monitoring. While a cash flow forecast is the best way to predict what’s likely to happen in the coming months, there are
21
Feb 2020
7 Important Business KPI’s for Cash Management
KPI’s for cash management provide businesses with a quick way of monitoring availability of cash. Unless you have the luxury of a few spare millions sitting idle, managing cash is important for every organisation. Here, we discuss a selection of important KPI’s for cash management every business should consider monitoring. While a cash flow forecast is the best way to predict what’s likely to happen in the coming months, there are
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 not having enough things like commercial insurance. 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
15
Feb 2020
When you should hire an accountant
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,
A Melbourne small business owner has been hit with $240,000 in penalties for underpaying a 19-year-old worker around $8,000 in wages and superannuation. In a ruling Federal Circuit Court judge Riley said was designed to send a message to employers, AstroTurf installation firm Rhino Grass has been ordered to pay the fine on top of backpay within 30 days. The teenage worker, who successfully argued for the hundreds of thousands of
16
Jan 2020
Emerging Issues for Agribusiness
Lawfirm McCullough Robertson have released their latest edition of Emerging Issues for the Queensland Agribusiness sector. Emerging Issues highlights the legislative and policy developments over the past 12 months which will significantly impact the Queensland agribusiness industry. It also highlights the increasingly important area of AgTech which will continue to drive innovation and development in the sector over the coming decade. You can read or download a copy here.