Goals and objectives steer a new business in the right direction and help to keep an existing business on the right track. Think about it, you need a final destination before you can land a plane. Including your business goals and objectives in your business plan is giving the reader confidence in you and the future of the company. In this section of ‘Business Planning,’ we will cover how to set your business goals and objectives. To start, you need [...]
Sending invoices is a major role for a business owner, without them, you don’t get paid. Cashflow Manager has the functionality to customise your customer invoices. By using a customised layout, you can add on a logo or image, personalized messaging, payment terms and payment information. The Customised Layout function is located in the Invoice Manager module under the Tools menu. In there you have the option to customise Invoices, Adjustment Notes, Picking Slips, Purchase Orders, Purchase Invoices, Receipts and Statements. To [...]
We are excited to release a low-cost, Single Touch Payroll (STP) solution for very small business’, called Wages 1-4. We released this solution in response to an ATO initiative aimed to assist businesses with very few employees, who do not currently use payroll software, to begin reporting electronically. Our pricing and product features are set according to the ATO’s guidelines. You can see Wages 1-4 listed here on the ATO no-cost and low-cost STP solutions register. Wages 1-4 looks and functions much [...]
The final findings and recommendations by Commissioner Hayne were released to the public on Monday 4th February. We have sifted through the 76 recommendations and drawn out those which will impact SMEs and those in the agricultural industry specifically. SMEs The definition of small business This will be simplified so that an additional 10,000 to 20,000 additional SMEs in Australia will be governed by the Banking Code. This will offer better protection for these businesses when dealing with their banks. Credit assessment process There [...]
Since the introduction of SuperStream in Australia, the Small Business Superannuation Clearing House (SBSCH) has provided small businesses and sole traders with an easy option to make SuperStream compliant contributions. On 26 February 2018, the SBSCH will join existing Australian Tax Office (ATO) services. This means that once you have finished updating your bookkeeping for the period in Cashflow Manager you will only have to visit one place to share your information with the ATO. You will be able [...]
As the new year begins our thoughts usually turn to new beginnings and making resolutions. It’s a way of promising ourselves to improve in year ahead. That applies as much to your business as it does to your personal life. If you are starting the year with the intention of repeating what you did the year before and the year before that, then your business is stagnating not growing. It is important that you take the time to make [...]
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 [...]
Australians are beginning to realise that small businesses are a vital part of the nation’s economy, according to results from the second annual Westpac Australia Day Index. The results of the survey show that 9 out of 10 Australians are faithful to their local shops and around half will purchase from small businesses in order to help strengthen the nation’s economy. This is a pretty big change from 12 months ago when the average Australian consumer preferred to shop at bigger [...]
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