A well-established barber shop in a small town was hit hard when a new barber moved into the area and set up in competition. Having held somewhat of a monopoly prior to the arrival of the competitor, the barber had become complacent and benefited from false loyalty. It all came home to roost once the…
The mere mention of BAS is enough to make many business owners break out in a sweat! Even more stressful than that is having to come up with the cash to pay each Business Activity Statement! The stress associated with BAS time can be more easily managed when you fully understand what activity statements are,…
Continuing with our pointers to show you what you need in a good bookkeeper (part 1), make sure your bookkeeper makes the grade in each of these areas: 4. What about technology? You’ve heard of ‘the cloud’. That term scares so many but has changed the face of how we all do business. Has your bookkeeper…
In every industry, there are the experts and there are the cowboys. Bookkeeping is no different. The problem for business owners is that if your bookkeeper is a cowboy, you could end up in hot water. Because bookkeepers live in a world full of deadlines, acronyms and confusing legislation, business owners just trust what they…
Contents Numbers-Based Marketing Say “I do” to customers and team members Wholesale paint supplier and accountant working together drive business to new levels Read the November edition here. Forward to a friend Know someone who might be interested in this newsletter? Why not forward this email to them. Disclaimer The contents of this newsletter is general…
Being picky applies to your other great asset as well, your employees You have an obligation to be picky about whom you hire – an obligation to your company, your customers and your other team members. Membership should be seen as a privilege. Not only does it inspire hard work but it fosters greater retention.…
It’s no coincidence that principled leadership inspires employee and customer loyalty. Leaders with a sense of responsibility and commitment to treating people well are far more likely to attract and retain the best and brightest employees. They will also command the respect of their employees who will see it as their own responsibility and exciting…
It’s an age-old saying – practise what you preach Fast-forward to today and you could change that to practice it and do it at Internet speed. But it would be dangerous to let action be the only focus. It might seem touchy-feely or even frivolous, but every company has to have core values. The founders…
The government recently released the second tranche of proposed superannuation changes covering the pension transfer balance cap, concessional contribution changes, catch-up concessional contributions and the removal of the earnings tax exemption for transition to retirement pensions. We provide the following information on the issues surrounding the pension balance transfer cap. What is the pension transfer balance…
Are you SuperStream compliant? If you employ people in your business, all superannuation payments must be made in accordance with the ATO’s new electronic data and payments system, SuperStream. Medium and large employers (20 or more employees) are required to be SuperStream compliant by 31 October 2015, but for small employers (19 or fewer employees)…