How will the abolition of the 457 visa impact small business?

This week, the Australian government pledged to remove and replace the 457 visa entirely, so what will this mean if you run a small business that relies on this category of workers? We expect that more details will be coming soon, but here is what the government has released so far. On 18 April, the government announced that the Temporary Work (skilled) visa or 457 visa will be abolished and replaced with the new temporary skill shortage visa (TSS) in March [...]

How to set business goals and objectives you WILL achieve

As an entrepreneur, you probably have no shortage of ideas and dreams, but sometimes you can fall short when it comes to putting them into action. Even with the best plans in place, life can sometimes get in the way of you achieving your goals. Life throws you curveballs, or you get sidetracked with something else, and before you realise you are miles away from the original plan. Here are some tips for setting goals and objectives for your small [...]

4 Ways to Keep Your Accountant Happy

It’s always a good idea to maintain healthy relationships with everyone you do business with. As someone who plays an important role in your finances, your accountant is definitely no exception. Luckily there are four really simple things you can start doing now that will help keep your accountant in high spirits, your professional relationship smooth and allow your accountant to do their best work for your small business. Keep Your Books Regularly Far too many small business owners neglect to [...]

How to report ‘backpacker’s tax’ in Wages Manager payroll software

On 1 January 2017, tax rates changed for working holidaymakers who are in Australia on a 417 or 462 visa. This is otherwise known as the ‘backpacker tax’. What does the ‘Backpacker Tax’ mean for you as an Employer? If you employ a working holidaymaker in Australia who holds a 417 or 462 Visa: • You must withhold 15% from every dollar earned up to $37,000 with foreign resident tax rates applying from $37,001 • You must register with the ATO to withhold at [...]

6 Leadership Skills Small Business Owners Need

Having a successful small business is about more than just a great idea. It’s also about being a great leader.  The thing is, not everybody is a natural born leader, however there are certain leadership skills that can be learned and developed. Skills such as listening, communicating, forward planning and delegating are important traits of a good leader and must be applied within your business whether you have 1 or 100 employees. So, what does it take to be an [...]

6 Tips to Build Your Small Business’ Brand

Small businesses seldom have the advantage of a dedicated marketing department, so building your brand is one of the most important things you need to do. A business with a healthy brand has a better chance of being seen and known in the market, having customers who are loyal and is even more profitable. You don’t need a “big” name, a flashy logo or a catchy slogan to have a strong brand. A strong brand is built on what [...]

How to show your small business customers some love in the digital age

Showing your customers that you care is crucial for any small business. It’s what keeps them coming back to you and the reason they recommend you to others. With the rise of online shopping, people can now shop around, read reviews, and check out different prices all without having to deal with an actual salesperson. So how do you entice your customers when you may not ever come face to face with them? Surprise them Everyone likes to be made to [...]

How to make the most of each workday in your small business

When you run a small business, it’s easy for the day to get away from you and discover it’s 5:00pm but you’re not even halfway through your to-do list. No matter how many hours you work and how hard you push yourself, you can never get on top of everything. To help you increase your productivity and get more of the things that are most important to your business done, we’ve compiled this list of tips for making the most of [...]

Top small business trends for 2017

Small Business Labs from Emergent Research, who specialise in small business research have put out their predictions for the year ahead. These include upcoming trends in technology, social, and political changes and how they could affect business. I have handpicked a few I found most interesting for Australian small businesses. Small businesses will become more digitally savvy Many small businesses have already implemented cloud computing, mobile computing, social technologies and are tracking business data and analytics online. This will only continue [...]

5 New Year’s Resolutions for your Small Business

Now’s the time when people decide what they are going to change or resolve to do in the New Year. For small business owners, this is the perfect time of year to get a bird’s eye view of your business’s progress, its current situation, and where it’s heading. Here are our tips for coming up with resolutions that will help your small business get off to the best start possible in 2017. Keep your business plan in sight One of the [...]