Businesses that make mistakes and do the wrong thing by their customers and employees run the risk of fines and legal action which can cost them plenty of dollars, but more importantly, tarnish their good reputation. In this article, we review recent legislative changes and general obligations business owners should have in place or need…
At this time of year, when many business owners are finalising the prior year’s tax return, we like to remind them of the need for accurate record keeping as the ATO continues to ramp up its tax compliance activities.
A report released earlier this year identified matters that are keeping business owners awake at night [1]. As is often the case with surveys and reports of this nature, they tend to confirm what everyone already knows. It’s therefore unsurprising to see staffing issues, remaining on top of technology and cyber security topping the worry…
Following on from our last article that considered post-Covid Business Continuity Planning, here we turn our attention to business leadership and why it’s imperative for business owners to get back to working ON their business.
We first talked about business continuity planning in earnest back in 2020, when we were all facing the worry and uncertainty of the global pandemic. Three years on and much has changed, except perhaps feelings of business uncertainty.
As we approach the end of 2022, whether you’re winding down for the year or gearing up for a busy holiday period, we thought it timely to share our take on some of the key priorities for businesses heading into the new year. Here, we share our insights on the hot topics for business in…
During the disruption of the last two years, many business owners have avoided increasing prices. Even now, as costs go up all over the place, many remain hesitant or simply haven’t yet had a chance to review their pricing. No matter what line of business you’re in, raising prices at some stage is inevitable. Here,…
The Queensland Rural and Industry Development Authority has announced Extraordinary Disaster Assistance Recovery Grants and Disaster Assistance Loans which are now available to assist small businesses, primary producers and non-profits who were impacted by the South East Queensland rainfall and flooding events between 22 February – 7 March. What is available? Grants of up to $50,000 to eligible applicants available…
If you are expecting leniency around super guarantee payments in these challenging times, we’re sorry to be the bearer of bad news! The penalties for failing to pay employee super on time and in full are now heftier than ever. Here’s what you need to know if you’ve paid late or not at all –…
As your business grows, budgets and projections are needed for understanding your financial viability, but it’s also important to consider ‘worst case scenarios’ that could disrupt your operations. This is why business continuity planning is invaluable, particularly as we navigate ‘the new normal’. While it’s difficult to predict every scenario (the last two years have…