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Posts Tagged ‘small business’
Stapled Superannuation Funds and Other Super Updates
October 15th, 2021Many Australians are familiar with the frustration and financial cost of maintaining several superannuation funds as we change jobs over time. As employers have a default fund, into which many new starters will elect to have their super paid, a large number of workers end up with multiple super funds that may have very littleread more
Demystifying the Employee vs Contractor Confusion
September 3rd, 2021Finding employment solutions for your business is a challenge - sourcing the right person, with appropriate experience, at a fair wage, isn't always easy. Furthermore, classifying your workers correctly as a contractor or employee may not always be clear when you're recruiting for a role, and is an area where many businesses have been caughtread more
Small Business Lockdown Assistance Grants – A Quick Guide
July 23rd, 2021Lockdowns and restrictions brought in as a result of COVID-19 outbreaks have had a significant impact on small businesses, their owners, and their staff. In an attempt to ease some of the financial hardship caused by the most recent WA lockdown and interim restrictions (12.01am Tuesday 29 June 2021 – 12.01am Tuesday 6 July 2021),read more
Casual Employee Conversion – The Details
April 29th, 2021Casual employment serves many purposes within a workplace. For employees, it’s a good chance to work for a higher hourly rate (casual loading) and potentially work for a variety of employers concurrently. For employers, upshots include the fact that there is no requirement to accrue leave entitlements for casual employees, and that such employees canread more
6 Key Metrics to Understand Your Business’ Financial Position
January 28th, 2021As is the case in every aspect of business, the financial side of any enterprise contains a lot of moving parts and requires not only a great deal of understanding, but a significant portion of your attention as well. While the day-to-day workload can get in the way of analysing your business’ financial position, thereread more
Developing a Small Business Marketing Budget
December 18th, 2020Developing a marketing strategy for a business involves a lot of moving parts. You must have established goals (that are, or course, SMART: Specific, Measurable, Achievable; Realistic; Time-Bound); a reasonable understanding of the different types of marketing activities that businesses can undertake; and perhaps most valuable of all – you have to have the timeread more
Home-Based Businesses – Know your Deductions
November 6th, 2020Now that another financial year has been and gone, it can be tempting to put tax to the back of your mind as you gear up for another busy year. However, if you’re running a business, particularly from home, it is crucial that you keep on top of what you can claim as a deductionread more
Update: Coronavirus SME Loan Guarantee Scheme 2.0
October 13th, 2020Forming part of the Government’s Coronavirus stimulus package measures, the SME Loan Guarantee scheme was introduced to provide working capital support to Small and Medium Enterprises (SMEs) with an annual turnover of less than $50 million. Since its initial phase, the Government has announced changes to the scheme to broaden its reach and provide moreread more
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