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 [...]

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 [...]

7 things every small business should do before Christmas

While Santa’s double checking his naughty and nice lists, make sure you check out our list of 7 tips to make sure your small business is all set for a jolly holly Christmas. Get into the festive spirit The end of a year is also a great time to celebrate and acknowledge the hard work and achievements of your team over the past twelve months. Start by creating a festive environment and getting creative with Christmas decorations, activities and events. Connect on [...]

Mistakes small businesses make with their data backups

Everyone knows the importance of backing up their small business data, yet here at Cashflow Manager we still get many calls about lost financial information. Don’t wait until disaster strikes to find out that your backup system isn’t working. Here are three common backup mistakes to look out for. Skipping Backups One of the more serious and common mistakes made by small business owners is skipping or missing backups. This could be because someone simply forgot to do it, or there may [...]

SuperStream for Employers – the final countdown

With the October 28 2016 deadline for the implementation of SuperStream looming, employees with 19 staff or less must act now. By that date, all employers must comply with SuperStream when making superannuation contributions to employees’ nominated accounts. Through SuperStream, employers do not need to make individual payments to every super fund to which their employees belong: they can simply make one electronic transaction. Cashflow Manager GOLD and Wages Manager Version 10 are compliant with SuperStream and we have many business [...]

Update your small business payroll software – new PAYG tax scales out now!

The ATO has issued new PAYG tax scales which become effective from 1 October 2016. This will affect all businesses with employees and will require you to update your small business payroll software. Cashflow Manager GOLD and Wages Manager 10.0.2.0 which contain the new tax scales are now available for download from our website. There are also some minor fixes to Cashflow Manager, Invoice Manager and Wages Manager included in the update. We recommend all Cashflow Manager users download Version [...]