Accounting PurposesThe JK Subsidy receipt is a reimbursement for expenses incurred by the employer within each month.Accordingly, to meet the “matching” principle of accounting and for the businesses reports to make sense, the correct bookkeeping requires recognition of the subsidy…
Consider whether your business has significant points of difference, a distinct competitive advantage or a unique selling proposition. Do so objectively, honestly and with the input from someone outside of your business … it’s difficult to make these judgements for people…
Businesses go to significant effort to create products they can profitably sell. But having a quality product is sometimes not enough especially if there are buying or selling blockages at play. This article looks at some typical blockages and how…
Salary Sacrificing Super An employee may agree to sacrifice part of their salary or wages to their superannuation fund from their gross earnings. It’s important for the employee to review and understand the thresholds to ensure the total of salary…
In the realm of business, referrals are a powerful currency. They serve as testimonials to your credibility, reliability, and the quality of your products or services. Leveraging referrals effectively can lead to a steady stream of new clients or customers,…
Now that many small businesses have settled in to a new way of working, with many staff working from home, it is a good time to consider digital security; a time to look at backup plans to ensure data access,…
If you are working from home, we would like to remind you to keep records and receipts for all home office expenses, along with a record of the hours worked from home. Keeping good records now will help to get…
1. If you’re too busy …. you’re probably too cheap. Being too busy is one of the worst excuses used to justify not changing the business. Being busy is a strong sign to seriously consider increasing prices. By doing that,…
The administration behind the JobKeeper scheme is somewhat involved. Employers, bookkeepers and accountants across the country have been busy since its inception to ensure payments for those eligible are setup correctly. Here is some more detail as to what is…