Small Business Tips to help your Business
Welcome to Wayne’s small business tips to help your business.
These tips have been drawn from Wayne’s experience as a fully qualified Chartered Accountant for over 35 years including the last 23 years working with hundreds of startups, small and medium businesses as an Outsourced CFO and Business Advisor.
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Quarterly Business Exits Sept 2021
Quarterly Business Exits Sept 2021Here is another example of the impact of lock downs on Australian Businesses. According to the ABS, there were 109,482 business exits in the September 2021 quarter. This is nearly 30% and 25,000 businesses higher than the same...
Employment Contract Tool
Need a formal written employment contract or agreement with your staff. Why not try the free Aust Gov’t Employment Contract Tool.
Student and Working Holiday Maker Visa Changes
Last week the Federal Government announced some changes to staff you employ who have a student or working holiday maker visa
Why a business prenup may be important for you
Learn why a business prenup may be important for you
December 2021 Jobs Data
The December 2021 jobs data released by the Australian Bureau of Statistics yesterday, shows another jump in employment (65,000)
New year crystal ball gazing
At this time of year many business owners look into their crystal ball and set themselves some new goals, objectives or targets for their business
November 2021 Jobs Data
The November 2021 jobs data released by the Australian Bureau of Statistics yesterday, shows a large jump in employment (336,000) as people return to work after the lock downs in NSW and Victoria are eased.
October 2021 Jobs Data
Despite the lockdowns easing on NSW in October, and the resultant increase in employed people in NSW, based on the October 2021 jobs data released by the Australian Bureau of Statistics yesterday, there is still a long way to go till employment in Australia recovers to February 2020 levels.
1 November 2021 Pay increases
Don’t forget the 2.5% 1 November 2021 Pay increases in respect of any staff on selected awards including hospitality, hair, beauty & fitness
Business Trust
Business Trust – Your customers, staff and suppliers need to trust that you will do what you say you will do.
With the “Great Resignation” coming will you employ Unvaccinated Staff?
With talk of the “Great Resignation” coming will you employ Unvaccinated staff?If we go back to May before the current shutdowns there were labour shortages in Australia just about across all industries and occupations. Businesses were already finding it hard to find...
September 2021 Jobs Data
The September 2021 Jobs data released by the Australian Bureau of Statistics yesterday, clearly shows how lockdowns adversely impact the labour market in Australia.
Is the light at the end of the tunnel the opening or the train coming?
With the current lockdown restrictions looking it is coming to an end, is the light at the end of the tunnel the opening or the train coming?
Will you serve Unvaccinated Customers?
Once restrictions around who you can serve, will you serve unvaccinated customers? Read on to learn the potential cost of such as decision.
August 2021 Jobs Data
If the Federal Government believes Australia will avoid going into recession it is not looking at the August 2021 Jobs Data
1 September 2021 Pay increases
Don’t forget the 2.5% increase in the minimum rates of pay for the first full pay period after 1 September 2021 in respect of any staff employed under the General Retail Industry Award 2020
Business Closures
According to data released yesterday by the Australian Bureau of Statistics (ABS) Covid 19 has not yet had a major impact on business closure rates.
Conversion of casual to permanent employment
There were changes to the Fair Work Act re the conversion of casual to permanent employment and you may need to do something before 27 Sep 21
Track your business expenses for your new business or side hustle
Learn a simple and cheap way to track your business expenses (and your business income) when you set up your sole trader or side hustle ABN
Business Interruption Insurance Update
Update on Business Interruption Insurance coverage for losses incurred from enforced shut downs during Covid-19
New Access – Mental Health for Business owners
If you are mentally suffering from the shut downs in NSW, please access Beyond Blue’s free and confidential mental health program, New Access
Crystal Ball
Learn why business owners need to continually look into their crystal ball and supplement their budget with regularly updated forecasts
1 July 2021 Pay increases
Don’t forget the 1 July 2021 pay increases for many awards where the minimum rates of pay have increased by 2.5%.
Quick and simple cash flow report
Today I am going to show you a quick and simple cash flow report you can run in Xero to see exactly what is happening with your cash.
2021 Tax Tips – Bad Debts
Today I want give you another 2021 financial year Tax Planning tip and that is around writing off any Bad Debts before 1 July 2021.
