Tag Archives: Small Business

New Family Domestic Violence Leave Entitlement

The New Family and Domestic Violence Leave Entitlement

What You Need to Know About Employer and Employee Rights When Dealing with Family and Domestic Violence Situations Every four years, the Fair Work Commission (FWC) reviews the modern awards and this time around the FWC has passed a decision to include family and domestic leave (FDL) in all modern awards. The modern awards will […]

Business Systems

What Can Happen When Your Business Grows but Your Systems Don’t?

Recently the cosmetics company Lush reported itself to the Fair Work Ombudsman after it discovered a payroll error that resulted in staff being underpaid since 2010 to an estimated total of over $2 million. ‘What has become alarmingly clear to us at Lush Australia is that our internal payment systems have not kept pace with […]

Benefits of Budgets

The Benefits of Budgets—Why it’s a Great Idea to Have a Budget for Your Business

You’ve heard it before, you know it’s a good idea, but you just can’t seem to get around to it. Perhaps you don’t believe that there could be benefits to budgeting! We hope to inspire you to start using this important business management tool. Why are so many small business owners averse to creating and […]

Record Keeping Made Simple

Record Keeping Made Simple

Record Keeping Made Simple The simple answer is … keep everything! The ATO requires that the relevant records exist to support all business transactions. It is a business owner’s responsibility to maintain and store accurate records for all financial transactions. To claim a business deduction for tax return or activity statement purposes, you must have […]

Cash Handling Best Practices

Cash Handling Best Practices

Cash Handling Best Practices During the recent budget, the Government announced measures to continue targeting the black, or hidden, economy. Whilst this covers a lot more than just cash transactions, we thought it timely to provide information about cash handling best practices in your business. Apart from correct reporting to the Australian Taxation Office, implementing […]

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