The importance of culture when it comes to business

The importance of culture when it comes to business

A business with a strong sense of culture is one that is truly viewing those involved in the business as individuals and not just numbers. There is a multitude of positives that arise from nurturing a strong culture in business, including: Universal vision When your business fosters a strong business culture, there is potential for…

The basics to developing a bulletproof social media strategy

The basics to developing a bulletproof social media strategy

Developing a strong social media strategy is important for growing and nurturing business profit. Consider the following: Set goals Before embarking on any social media marketing campaign, you need to be strategic and set goals. SMART goals are ideal, they cover the following: – Specific – Measurable – Achievable – Realistic – Timely Target audience…

How to avoid the holiday slump

How to avoid the holiday slump

The summer holidays may be a period of increased sales for some businesses, but for many, it can be a quiet time with a heavily reduced cash flow. Staying ahead financially, if you are the latter, can be difficult which is why you should consider the following: Use it to your advantage A lull in…

Super housing legislation

Super housing legislation

The First Home Super Saver (FHSS) Scheme and the downsizing contributions into superannuation measures passed Parliament on 13 December 2017. As of 1 July 2017, individuals can make voluntary concessional and non-concessional contributions into their super fund as part of the FHSS Scheme. The scheme may help first home buyers save faster due to the…

Earning income from the sharing economy

Earning income from the sharing economy

The holiday season is a peak time for activities in the sharing economy to increase. During this time those participating in the sharing economy must not forget their tax obligations. The most common sharing economy activities around the festive season include: – Providing ride-sourcing services for a fare. – Completing jobs or errands for payment.…

Getting ETPs right

Getting ETPs right

When an employee is let go or they resign; there is a chance they are owed money, otherwise known as employment termination payments (ETPs). If an employee leaves the business, they may be entitled to several lump sum payments, many of which are taxed differently to normal income. Understanding what is owed and making these…

Getting out of small business debt

Getting out of small business debt

Managing debt in your small business is essential to maintaining the financial health of your business as well as preventing bankruptcy. Consider the following tips to ensure your small business debts do not spiral out of control: Reshuffle or remove expenses Reviewing your expenses is one of the first steps to take when tackling debt.…

Annual ATO closure

Annual ATO closure

The Australian Tax Office (ATO) will be closed from midday Friday 22 December 2017 to 8.00am Tuesday 2 January 2018 over the festive season. The Tax Agent Portal Dashboard and BAS Agent Portal Dashboard will be available to check portal availability. The ATO’s technical help desk will be available from 7.00am to 6.00pm weekdays, excluding…

Improving the customer experience

Improving the customer experience

Great customer experiences are pivotal to building a successful business with a loyal customer base. But unfortunately, these exceptional experiences can be quickly tarnished by one negative encounter. Consider the following tips to improve the customer experience in your business: Leverage data Do your own research to discover what your target market is really looking…