Posts

Getting started with e-Invoicing

Understanding e-Invoicing

Small businesses can now exchange invoices with trading partners through e-invoicing software.

e-Invoicing is a government-supported cloud-based innovation designed to help small businesses streamline their accounting work and get paid faster.

What is e-invoicing?

Currently, most businesses create an invoice and send the PDF via email, or use a word processor like Microsoft […]

Tax-smart tips for crypto asset investments

You may need to include a capital gain or capital loss in your income tax return

If you exchange crypto assets (crypto) for goods, cash or other crypto assets then this is normally considered a disposal for the purposes of capital gains tax.

Make tax time easier by remembering these 3 tips: Disposal of crypto assets […]

Superannuation Guarantee changes

Is your system updated for the latest SG changes?

From July 2022, the $450-per-month super guarantee (SG) eligibility threshold was removed.

This means that if an employee meets the other SG eligibility requirements, you must pay them SG, regardless of how much they earn. However, employees under 18 must still work more than 30 hours in […]

eCommerce: Lowering traditional barriers and inspiring entrepreneurialism

eCommerce is lowering traditional barriers to entry for small businesses

Xero study says eCommerce is creating a new generation of profitable niche operations.

Xero surveyed 171 accountants and bookkeepers – with a collective clientele of about 6,000 small businesses – to learn how eCommerce was changing business ownership.

To participate in the study, advisors had […]

Starting a small business

Why now is the best time to start a small business

Bricks or clicks? 3 considerations for making the leap

There’s no question about the critical role small business plays in our economy. Visit the Australian Bureau of Statistics website and you’ll see that 98% of Australian business is made up of small and medium-sized […]

Positive business experience thanks to Salisburys

Craig and Kathy Hogan speak with Salisburys

Cricket coach Craig Hogan and wife, Kathy, are the first to admit that they’ve always liked trying new and different things throughout their careers.

So when a guesthouse in Bright VIC came onto the market for sale, being overseas did not phase them.

Instead, they saw the potential […]

The importance of quality business bookkeeping

4 key ways to turn a bookkeeping headache into practical business help

As a small business owner, ever found yourself wondering what life would be like if you didn’t have to do your own books?

Could the quality of your bookkeeping be putting you and your business at risk because you don’t know what you’re […]

Electrician’s spark rekindled, fires up owners to sell

Tom and Melissa Muntz owned and ran a successful electrical contracting business for 30 years.

In a typical business-couple style, Tom was customer-facing on the tools whilst Melissa kept the bookkeeping and payroll running smoothly in the office.

Their business operated in an industrial niche market which proved to be lucrative and provided Tom and […]

New Minimum Wage rate announced

New Minimum Wage rate from 1 July

The Minimum Wage Panel on 30 May 2019 handed down its minimum wage decision for 2019.

From the first pay period commencing on or after 1 July 2019, the National Minimum Wage will increase to $740.80 per week, or $19.49 per hour.

What this means for you:

Employers […]