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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…

Top 10 Reasons You Need a Virtual CFO in Your Business

Virtual CFO’s have been around long before Covid. Of course your mind immediately thinks of the astronomical cost of a CFO, however the main benefit of a virtual CFO is the removing all the overheads. The affordability of having a Chief Financial Officer (CFO) is no longer just a luxury for large corporations. Businesses of…

How Business Owners Can Set Themselves Up for Success in 2024

After the ‘interesting’ year in business that has been 2023, it is quite frankly a no brainer for business owners to stay ahead of the curve and prepare for the challenges and opportunities that the future may hold. Setting the stage for success in 2024 involves a combination of strategic planning, financial discipline and a…

Christmas Party & Gifting: A Guide to What You Can and Can’t Claim

As the festive season approaches, businesses are gearing up for Christmas parties and thoughtful gifting to express thanks to their employees. Knowing what you can and can’t claim can be confusing and can make a big difference to how you celebrate. It’s crucial for businesses to be aware of the tax implications associated with these…

Lessons from Sport to Business- Simplify the Game Plan

In the world of sports, strategic planning plays a crucial role in achieving success. Athletes and coaches understand the importance of simplifying complex game plans into manageable components, allowing team members to act quickly and work towards a common goal. This principle resonates strongly in the business world as well. The Power of Simplification when…

Empowering Your Team for Success: Lessons from Sports to Business

“You are a true leader when you help your team become successful. Remember leadership is not about you, it’s all about the people you serve.” Sports and business at first thought might seem worlds apart, but there are numerous things that we can learn from sports that apply to our lives in the business world….

Teamwork Makes the Dream Work: A Lesson from Sport to Business

Teamwork, effective communication, and self-discipline are all vital factors for success in both sports and business. Another valuable lesson we can take from sport that can be applied to our business lives that I want to share is that teamwork truly makes the dream work. Teamwork Though it’s possible to start a business on your…

Managing Expense Claims

What are expense claims? If you are a business owner with staff members who spend their personal money for something business related and they want you to reimburse it or if you don’t have a staff but you are under a company structure where your identity is completely different to the business and you purchase…

Small Business Owners: Let’s Talk Training & Why it is Crucial

Training is important because it represents a good opportunity for employees and business owners to grow their knowledge base and improve their job skills to become more effective in the workplace. Training empowers you and your team to learn new skills, refine existing ones and promotes performance and productivity. These are the ingredients which allow you to be the leader you’ve always dreamed of!

Payroll Review- Xero or MYOB plus Top Tips

You see stories in the media often about people being underpaid and then penalties and back payments that then apply. Simply ‘not knowing’ isn’t a valid reason to not be paying your staff the right entitlements. We can provide a xero payroll review (or any system you use) and also bookkeeping training to any small…