Being aware of the early warning signs that your business may be in trouble will provide you with the best opportunity to take action and turn things around.
In many local government authorities, compliance officers spend time dealing with applications in which a small business has signed a lease agreement before contacting staff to discuss if the premise is fit for purpose. Unfortunately, applicants sometimes find that in order to meet regulatory requirements, they face unanticipated costs and extended...
If you’re like most small businesses, you’ve been using Single Touch Payroll (STP) since it was introduced by the ATO in 2019. Now, it’s time to plan your transition to STP Phase 2 reporting. STP reporting was introduced to streamline the way businesses report their employee’s payroll information such as tax and super. STP Phase 2 has been rolling...
Learn about the strategies you can put in place before 30 June to maximise your business’ tax return.
Wondering if your business is eligible for a government grant? We’ve put together this overview explaining the availability and eligibility of grants for small business. Are there incentives or grants to help start-up businesses? There are no government grants available for the specific purpose of starting a business. Government support for start...
Whether you’re just starting out in business, or you’ve been your own boss for years, the end of the financial year (EOFY) can be a busy time. To help you organise your financial records and find the paperwork you’ll need to pass onto your accountant, we’ve put together a handy EOFY checklist to help you. Download our free end of financial year...
Signing a lease is a big commitment for any business. Here are our top five things you need to know before signing on the dotted line.
In Hollywood movies and Netflix shows, ending an employment contract is as simple as yelling “You’re fired!” In reality, it’s not this simple. Difficult situations can crop up with your team, so here are some steps to help you manage the risk assessment, comply with employment legislation and have those hard-to-have conversations. 1. Start with...
We regularly hear from small business owners who have been asked to pay for government information or services that are actually available free of charge, or become aware of cyber scams that duplicate existing government services. Government websites are some of the most trusted and used resources for small businesses, and scammers are ready to...
Small business owners with a business tax debt are encouraged to work with the Australian Taxation Office (ATO) to help manage it through a mutually acceptable plan. Dealing with financial stress while running a business can be difficult, and a tax debt notification from the ATO can be something you’d prefer to ignore. While it is often tempting to...
The first round of changes to the Franchising Code of Conduct have now come into effect. Here’s your guide to what has changed and what this might mean for your small business. Across Australia there are more than 1,100 franchisors and 70,000 franchisees, with most of these being small businesses. If your small business operates as a franchise or...
Do you have a plan for managing disputes that may arise in business? If not, we explain why it’s worth considering and how to get started. Whether it’s an issue with invoicing, a potentially problematic customer, a dispute with your business partner, or a conflict about a tenancy agreement, managing disputes in your business can be stressful...
