The way you report employee payments and superannuation is set to change, with the Federal Government passing legislation to extend Single Touch Payroll (STP) to all employers. Under the requirements of STP, you’ll need to report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation directly to the Australian...
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...
Find out more about the ban on single use plastics and what you can do to get your business ready.
If you run a business in the fitness industry, here are some of the key things to know about the new Fitness Code, which will be in effect from 1 July 2021.
Need the help of a contractor or service provider to help your business? Whether you work from home or run your business from an office or other premises, at some stage you’re likely to need the services of a contractor. You might need a new web design, an SEO or digital marketing plan, new signage or even renovations completed at your premises...
As a business owner, there might be times when you have uncollected goods from your customers sitting on your premises. This might include furniture or equipment left behind in a space, or something your customer never came back to collect, such as a watch or even a car left for repairs which turned out to be more than the value of the item itself...
Buying a franchise can be a great pathway to running your own business. Before signing on, make sure you’ve sought advice and considered these seven key areas.
Starting his business five years ago and completing nearly 20 of our SBDC business skills workshops so far, Laundon Peacock is someone who loves to learn! Here he shares some of his experiences and lessons from his videography business, LP Visuals. Laundon Peacock launched his small business, LP Visuals, while he was a university student. What...
For self-taught bakers Sam Dawson and Rhiannon Moon, their successful business story has hinged on ingenuity, opportunity and sheer hard work – all in equal measure. A move from Perth to Albany revealed a gap in the market for traditional sourdough, at a time when the resourceful couple was tinkering with breadmaking at home. “We saw that there was...
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 EOFY checklist Reporting...
Find out more about the changes that will come into play from 1 July 2021 that are likely to have an impact on your business.
Nobody likes an awkward conversation. As tough as it may be, it’s hard to avoid difficult conversations when you’re in business. Here are some tips to help you plan ahead and ensure difficult conversations run smoothly and calmly. Difficult conversation #1: A client hasn’t paid you When you spend so much of your time working to attract new clients...
