Is It Time For A Cybersecurity Check Up For Your Business
Cybercrime never sleeps, so round-the-clock prevention and protection must be at the forefront of your business’s cybersecurity plan. Small to medium businesses are just as likely to be the target of a cyber attack as larger businesses but may not be as well-protected. When the average cost of a data breach for small businesses is […]
Deductions Landlords Should Be Wary Of
Property investors are warned to have sufficient and correct records when declaring rental income and deductions as the tax office is keeping a close eye on real estate claims once again. In an announcement earlier this year, the Australian Tax Office announced that rental incomes and deductions are to be a key focus of tax […]
Software Integrations To Digitise Your Business
In today’s business world, a failure to modernise with the times could leave your business trailing behind its peers. Businesses must take advantage of the latest technologies available in order to stay relevant and accessible to their clientele. Modernising is more than simply upgrading your physical technology – it’s about adapting and adopting processes to […]
October 2022 Federal Budget Update
On Tuesday 25 October 2022, the Federal Government updated the 2022/2023 budget. An overview of the budget can be found here. Click here to download the Budget Summary
Still Open for Business
January 2022 Office Hours Update 2022 still finds us in a mixed up world dealing with Covid-19 and as a result we have reviewed our office opening hours. From Monday 17January 2022, our office opening hours will temporarily reduce and will only be open from 10am to 3pm Monday, Wednesday and Fridays for the remainder […]
April 2019 Budget Update
On Tuesday 2 April 2019, the Government’s 2019-20 budget was released. An overview of the budget can be found here. Click here to download the Budget Summary
Victorian Long Service Leave
The new Long Service Leave Act 2018 (LSL Act 2018) commences operation on 1st November 2018. It replaces the Long Service Leave Ac t1992, following legislative review and broad industry and community consultation. The LSL Act 2018 brings long service leave into line with community standards, is easier to understand and is fairer and more […]
Xero New Navigation
You may have heard that from the end of November, Xero will be improving the Xero navigation bar so we can all easily find the tools and information we use most often. The improvements are based on research and testing with hundreds of people, including accountants, bookkeepers, current small business users, and some users brand […]
Why Profit Is Different From Turnover
The major purpose of most businesses is to make a profit. The amount of profit is represented by the increase in the net assets (total assets less total liabilities) of the business during the time the profit was earned. The aim is that those assets will eventually be converted to cash which will enable distributions […]
Could your business survive without you?
Your business must be independent of anyone individual if you want your business to thrive in the marketplace on a long-term basis. The most effective way you can grow your business is by removing yourself from the daily operations and focusing your time on developing strategies to elevate and move your brand forward. However, you […]
Would you buy a house with friends or relatives?
It’s not uncommon for friends and relatives to band together to capitalise on the investment property market. But what happens when it all goes wrong? The Housing Industry Association shows that it now takes 2.04 average full time salaries to comfortably service a standard mortgage on a median priced detached house in Sydney. So why […]