DJ Grigg - Blog PAYGW vs PAYWI

PAYGI and PAYGW: What’s the Difference?

Many people new to running a business and employing people are unsure about the difference between PAYGI and PAYGW. They are not the same thing! PAYG stands for ‘pay as you go’. This is the means the ATO uses to obtain tax payments from both employees and business owners. Paying tax ‘as you go’ throughout […]

DJ Grigg - Blog financial reports

6 Reasons to Look at Your Financial Reports

6 Reasons Why Every Business Owner Should Review Financial Reports Monthly Making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, here are 6 reasons we recommend that you should start to. But before we get our […]

DJ Grigg - Blog economic challenge small businesses

Adapting to Economic Challenges: A Guide for Small Businesses

Adapting to Economic Challenges: A Guide for Small Businesses In light of recent economic developments, we at DJ Grigg Financial want to provide you with the necessary insights and support to navigate these challenging times. Many small businesses are currently facing significant risks due to economic challenges, and it’s crucial to address these issues proactively. […]

DJ Grigg - Blog Truck Driver meal deductions

Understanding Reasonable Expenses for Employee Truck Drivers

Understanding Reasonable Expenses for Employee Truck Drivers Employee truck drivers often face unique challenges when it comes to claiming deductions for work-related travel expenses. The Australian Taxation Office (ATO) provides guidelines on what constitutes “reasonable amounts” for domestic travel expenses. This is particularly relevant for truck drivers who spend significant amounts of time on the […]

DJ Grigg - Blog workplace wellbeing

Well-being in the Workplace

A Guide to Promoting Mental Well-being in the Workplace: Resources and Strategies for Employers Supporting and promoting health and well-being in the workplace is essential for staff and business owners alike. Providing a physically and mentally healthy workplace is beneficial for all who work there, as it reduces staff absenteeism, increases productivity, and makes the […]

Understanding Wage Deductions: When is it Acceptable?

Understanding Wage Deductions: When is it Acceptable? Are you an employer in Australia wondering about wage deductions? Understanding when it is acceptable to deduct wages can be a complex issue. Wage deductions are generally only permitted in specific circumstances, such as to recover an overpayment or for a legitimate and authorised purpose. In this article, […]

DJ Grigg - Blog business worth

What Determines Your Business Worth?

For small business owners, their business often represents their largest asset and a key component of their retirement plans. But have you ever wondered how much your business is really worth? Understanding the factors that contribute to your business’s value can be crucial, whether you’re planning to sell in the future or simply looking to […]

DJ Grigg - Blog Increase business productivity

Boosting Small Business Productivity: Insights and Strategies

In the dynamic world of small business, where every decision counts, finding ways to increase productivity can be a game-changer. If you’re aiming to boost profits, lower costs, or invest more in your staff, elevating productivity might just be the answer. But what exactly is productivity, and how can you enhance it in your small […]