The criteria ATO consider whether you are an employee or contractor are:         Break free with Tax Accounting Adelaide Services call us on 83374460 Sole trader, Partnership, Company and Trust Tax and BAS returns; Self Managed Super Funds; Bookkeeping and Choosing Accounting Software; New business Startups Advise; Specialising in personal training…

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JobKeeper Scheme Explained Simply   If you are a business who has been impacted by COVID-19 and you are uncertain about the government support available to you, you are not alone. Watch our video for a brief simple explanation of the JobKeeper Scheme payments including help with employee wages, business impacted by closure, eligible businesses,…

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Cash flow boost payments – Explained Simply    Employers with aggregated annual turnover under $50 million Cash flow boost payments ‘Boosting Cash Flow for Employers’ payments of up to $100,000 (with a minimum total payment of $20,000) will be provided to eligible SMEs and NFPs that employ workers. The payments will be made in…

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here are some tips on what is emerging as new trends to improve your business success. Artificial intelligence is becoming more common and cost effective. Can it assist you in your business? Use Video marketing. It improves your sales conversion and explains or differentiates you. Targeted specific information online is critical. People are looking for…

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Are you starting business? Here are my top eight things not to do: Do a business you are passionate about … not one you just want to make money from. Get it flying and start, don’t wait. Do not wait until everything is perfect to start and don’t procrastinate a start too. Don’t try to…

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Is losing clients or customers a challenge for you a the moment? here are some tips on what not to do. Broken promises Fail to deliver or an inflated sales process Changing your own business owner structure or change in ownership structure of the clients Perceived high price for value Poor service Slow to respond…

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Good news the instant asset write off for 20k is now 30k. As we have explained before, it is a tax deduction for small business and not a refund. Small business means you must have turnover of less than $2m. Small businesses can immediately deduct one or more assets costing less than $20,000 purchased (ready…

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Our recent business networking meeting discussed the topic of how to save time. Our business owners gave us their tips on how to save time in our professional lives. Train and delegate to staff. Discipline yourself to begin to show your staff how to do things and eventually they will be able to take care…

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This month, our business networking group discussed ways of how to measure business or financial performance. This was a great discussion and revealed many new benchmark ways business owners are using to monitor the performance of a business or financial lives. Look at your profits and numbers, do this at least monthly or quarterly. Remember…

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A marketing database is simply an electronic system processing your customer relationships, transactions and contact detail all in one. If you have a client list that contains your customers’ names, addresses, telephone numbers and sales information, then it is not difficult to turn it into a database without costing too much (normally less than $1000).…

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Why outsource? There are various reasons why firms should shifting financial operations to outside providers. For a new firm just start up, to employ a full-time accountant or bookkeeper is not necessary or not affordable. An international company with mobile workers in Australia, it is not sensible to incur too much cost on office premises…

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So what is cloud accounting? Cloud accounting is a move to accounting software which is internet based. So you can share easily and timely which your financial advisers and accountant. It tends to be simpler and faster saving you time, so you can get on with better things in your business. An example is most…

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Use quiet times to plan some marketing. Join a club, be sociable and tell them what you do. Ask for referrals, make it a process to do so every time. Visit or call existing clients, talk to them often if will give you work. Revisit existing clients rather than chasing new clients all the time. Have…

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Once your small business grows and you devote more time as well as effort into developing it, the sad reality is that you’ve got more to lose because of mistakes, dishonestly, and fraud. This is certainly of distinct importance with accounting and bookkeeping since they deal with controlling and tracking cash that comes in and goes out of your company. For instance, an unethical and experienced bookkeeper who was entirely responsible for all aspects of the bookkeeping for your small business could very easily rob money from your business and cover it up.

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