Golden Insights
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Family and Domestic Violence Leave: New Rules
Family and Domestic Violence Leave – New Entitlement Rules Employees of non-small business employers can now access ten days of paid family and domestic violence leave over a 12-month period. From 1 August 2023, employees of small businesses can access the leave....
Are you Building Goodwill in your Business?
Are you Building Goodwill in your Business? Goodwill in accounting refers to the intangible value that a company can hold, above and beyond the pure financial value of its assets. This covers brand reputation, intellectual property, and external and internal...
Digital Bookkeeping: Have you made the change?
Digital Bookkeeping: Have you made the change? Keeping up-to-date records of your business transactions isn't the most glamorous part of being an entrepreneur, that’s for sure. But, in reality, having accurate and up-to-date digital bookkeeping is one of the core ways...
Hit Tough Times? Keep your Cashflow Strong
Hit Tough Times? Keep your Cashflow Strong Small businesses are particularly vulnerable in tough economic times. How can you keep your cashflow strong? When sales are slow, overheads and salaries still need to be sorted. Pre-planning and being proactive can help you...
International Business in Australia: When to Register GST
International Business in Australia - When to Register for GST Does your international business make sales in Australia? You may need to register for Australian goods and services tax. Like many countries, Australia charges a goods and services tax (GST) on most...
Get More from your Personal Finances
Get More from your Personal Finances Managing personal finances is an essential skill that everyone should learn. It can help you make the most of your money, achieve your financial goals, and build a solid foundation for your future. Here are seven tips to help you...
Control Your Business Finances – Here’s How
Control Your Business Finances - Here's How Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable. With so many digital tools for managing your bookkeeping,...
Inventory Accounting – Is it Important?
Inventory Accounting - Is it Important? Inventory Accounting is keeping track of your inventory, the time it takes to sell, and the profit made on each product. It is essential to track inventory if you want to manage your business effectively. What counts as...
Budgets Are Boring! 5 Ways to Spend Less Easily
Budgets Are Boring! 5 ways to spend less without one. If you hate budgets and budgeting and find it sooo boring, how can you easily cut your spending? Here are five ways to save without tracking every transaction: Review your subscriptions - Your fixed outgoings...
Breakeven Point – What’s Yours?
Breakeven Point - What's Yours? Understanding your business breakeven point is essential to know how much money you need to make to stay in business. It can therefore help you make well-informed financial decisions and practical business plans. The breakeven point is...
UPDATE: Working From Home Deductions
UPDATE: Working From Home Deductions Starting from the 2023 financial year, there are new rules for keeping records and calculating deductions for people who are working from home. There are now two ways to work out your deductions: the actual cost method and the...
Cashing Out Annual Leave – Here’s How
Cashing Out Annual Leave - Here's the Lowdown Are your staff asking about cashing out annual leave? There are some important rules to remember before paying out annual leave. Firstly, you must review the employee’s modern award to check that cashing out leave is...