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The Importance of Paying Staff Correctly: Lessons from the Commonwealth Bank Case

Recently, the Commonwealth Bank of Australia made headlines for all the wrong reasons. The bank pleaded guilty to criminal charges for failing to pay long service leave entitlements owed to 17 former staff members, amounting to thousands of dollars. While this may seem like an isolated case, similar investigations have often revealed even more widespread…

How to Prepare for End of Financial Year

Here are our top tips on preparing for end of financial year

Why Reporting is Crucial for Small Business

  As a small business owner it is important to review your financial reporting. Financial reports are a way to share the financial story of the business.  Whether you are a one man show or you have a full team, reviewing financial reports always help in decision making. Profit and loss is not the only…

3 Easy Ways to Save Your Business Money in 2022

Everyone likes to save money right? As busy business owners, we can become far too complacent with our expenses, with the old “it is what it is” justifying our lack of proactiveness. But, I am here to tell you, that there are easy ways to save your business money, and ways you may not have…

How the Cloud is Saving Businesses

The cloud is saving businesses everywhere! You will hear people always talking about “the cloud”, you have probably even had enough of it. The cloud is saving businesses though. Big and small, it is saving them a significant amount of time and more importantly, money. Put simply, the cloud refers to the delivery of computer…

How To Set Yourself Up For Success In 2022

Well 2021 is finally behind us and hopefully 2022 can only bring us bigger and better things. For many people, January is the perfect time for reflection on the year that was. It is also the perfect time for goal setting for the future. Setting yourself up for success in 2022 shouldn’t be hard or…

How a CFO can Transform Your Business

No matter how small your business may be, having a CFO can transform your business. Over many years in the industry, the three biggest challenges I see small to medium businesses face are cash flow, time management and growth. By engaging a professional who is solely focussed on the finances of the business, you can…

Why Paying Super Late Can Eat Up Your Business

In business, just like in life, there are some ‘must do’s’ and then we all have a wish list of ‘nice to have’. When it comes to paying your employees superannuation, this is an absolute must do!  The ATO have been coming down hard on businesses who do not comply, and ensuring employees are receiving…

DIY Bookkeeping

Expenses, invoicing, pays, BAS, GST… the list goes on. Every business (big and small) has to do bookkeeping to some extent, and if it is done by yourself or an employee, as long as you have the right training, software and support, you can do it successfully. Here are some key tips to help you successfully…

How a System Health Check Can Help the Quality of your Books

Are you confident that your accounting systems are running optimally and efficiently for your business? By conducting a regular accounting file health check you can rest assured your accounting file remains accurate and clean. This improves the overall quality of your books enabling you to make more informed business decisions. How does a system health…