Your monthly activity statement is due by the 21st of this month. Use the following checklist to make sure you are ready for lodgement day: Have you allocated all bank transactions to the correct accounts? Have you verified that the bank balance listed in your accounting software matches the balance in your bank account? Do […]
How To Create A One-page Marketing Plan
Generating leads is the biggest challenge faced by many business owners. And if you want more enquiries, leads and sales, that means investing in more marketing. If you’ve never attempted any marketing of your business, creating a marketing plan may seem like a daunting prospect. But, in fact, the strategy behind your marketing is merely […]
Reducing Your Lock Up Days To Free Up Cash
It’s vital for businesses to free up as much cash as possible, particularly in these tough economic times. Your ‘lock up days’ is the number of days it takes to convert your debtors, stock and work in progress into cash. A high number of lock up days means your business needs to have more […]
Increasing Your Stock Turn in a Slow-Moving Economy
If you sell stock or inventory, it’s essential you understand stock turn and how to increase it. Obsolete, or ‘dead’ stock will harm your cashflow and your ability to increase profit, particularly in a slower-moving economy. The longer stock takes to sell, the longer you have your cash tied up in the stock before it […]
How To Make Your Business Appeal To A Local Audience
With many businesses back at work and trading more normally, it’s the perfect time to consider marketing your products and services and beginning to bring in some much-needed revenue. But with trading across international and regional borders now more complicated and impractical, many business owners will be looking to their local communities for support, sales […]
Taxable Payments Annual Report Includes New Industries For 2020
The taxable payments annual report (TPAR) reports to the ATO information about payments made to contractors for certain services. TPAR for the building and construction industry has been in place for some years. In recent years, cleaning services, courier services and some government entities have been added to the system. This year, taxable payments reporting […]
6 Reasons To Look At Your Financial Reports
Making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then here are 6 reasons […]
Your Taxable Payments Annual Report (TPAR) Is Due Soon
Prepare now for your taxable payments annual report (TPAR) lodgement. Whether you lodge your own report directly with the ATO or if you use our lodgement services, this form is due by the 28th August. There are a number of supplier details required in the TPAR. If you have not kept up-to-date supplier records throughout […]
Your PAYGW Payment Summary Annual Report For Employees Is Due Soon
If you are lodging your own PAYG withholding payment summary annual report (PSAR) you need to lodge with the ATO by the 14th August. If you are using our lodgement services, the due date is the 30th September. Make sure you check the following before completing the annual summary: Check your payroll detail reports for […]
