Managing debt (especially tax) in your small business

Managing debt (especially tax) in your small business

Debt can be a useful tool to help start and grow your business. But financial events outside your control can take you further into the red than planned. What can you do if debt starts to become a problem? Challenges for small businesses coping with debt Risk is part of running a business. You can't easily plan for recession, pandemics, natural disasters or other negative...

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How are cryptocurrency transactions taxed in Australia?

How are cryptocurrency transactions taxed in Australia?

Crypto Crackdown Whether you’re currently involved in a cryptocurrency like bitcoin, or considering buying a cryptocurrency, it’s vital to explore the tax implications. While these will vary according to your circumstances, and it’s important to seek professional advice, there are some basic tenets you can start with. Getting started No matter how you intend to use your...

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Why building a customer database is good for business

Why building a customer database is good for business

Shifting your business to the cloud opens you up to a world of new customers As more and more business moves online, you need an efficient way to contact customers. An online database helps you reach out to your customers at different stages in the purchase cycle, convert searches into sales and build understanding about their behaviour. Where to start? To build an effective...

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Company Director? You’ll need a Director Identification Number

Company Director? You’ll need a Director Identification Number

What you need to know The government has initiated a new system that attaches a unique identifying number to an individual who is a company director. If you are a company director you will need a director identification number. You can apply for a director ID from November 2021. What is a Director Identification Number? A director has one number permanently attached to them,...

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JobSaver Fortnightly Eligibility Retest

JobSaver Fortnightly Eligibility Retest

Important JobSaver and the Micro-Business Update   Even though professional accounting bodies engaged closely with the NSW government to consider workarounds for this new JobSaver fortnightly eligibility retest, it is clear that the NSW government is not going to back down from its new reporting policy. In saying that, Service NSW continued to pay September payments...

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Important changes to Casual Employment Laws

Important changes to Casual Employment Laws

Must be actioned before 27 September 2021! We realise the last thing you as a business owner needs at the moment is anything that further complicates your life. However, we're reaching out today to remind all employers about the changes to casual employment laws. The National Employment Standards now include an entitlement for casual employees to become full-time or part-time...

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RU OK? Day

RU OK? Day

Wellbeing in the Workplace Supporting and promoting health and wellbeing in the workplace is important for staff and business owners alike. Providing a physically and mentally healthy workplace is beneficial for all who work there, as it reduces staff absenteeism, increases productivity and makes the workplace more enjoyable. If you are an employer, workplace health and safety...

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Using the Value Ladder to Increase Sales

Using the Value Ladder to Increase Sales

Use the Value Ladder to build a relationship with your customers One of the best ways to increase sales is to use the Value Ladder to build a relationship with your customers. The higher the customer values their relationship with you, the more money they're willing to spend. On the bottom rung of the Value Ladder, we have an initial offer of value. This should be something...

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Government COVID Support Packages – The Breakdown

Government COVID Support Packages – The Breakdown

Accessing the right COVID support for your business If your business has been adversely impacted by the recent lockdown in NSW, support is coming. The NSW and Federal Governments have announced a series of new measures to support business during extended lockdowns of four weeks or more. New Micro Business Grant Turnover must be between $30,000 and $75,000 Must demonstrate 30%...

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Lockdown and Employee Payments

Lockdown and Employee Payments

Understanding employee payments options for the Greater Sydney lockdown As you are now aware, the NSW Government has introduced new restrictions for Greater Sydney and surrounds to help stop the spread of coronavirus (COVID-19) from 26th June 2021. Some of the restrictions affect workplaces. Find out more at NSW Government – New Covid-19 restrictions for Greater Sydney. For...

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