As we predicted with the introduction of GST, the ATO is focusing on ensuring employers are meeting their obligations to employees. As there have been a number of changes and in the light of increased scrutiny, we recommend that you conduct a review of your payroll processes. This includes but is not limited to the following.   1. Registered for Single Touch Payroll (STP) reporting Unless you have applied…  Read more

Most small businesses experience cash flow problems from time to time and urgently need working capital. Many business owners immediately think of the bank or loans when they’re short of money. But there are other resources you can tap before you ask for that expensive overdraft or overdraft extension. The money you need might already be there—locked up in inventory, assets or your debtors’ book. You can often free up…  Read more

The key performance indicators (KPIs) for one company will invariably be different from the KPIs of another firm.  What both hypothetical companies share however, is the challenge of selecting which KPIs are best suited for measuring the goals and progress of their particular business model. Indeed, entrepreneurs have a vast array of reports and data sets from which to choose and select from, but that data needs to target those…  Read more