Blog

June 11, 2015

An Overview of Payroll in Australia

Australia is noted to be a haven for companies who wanted to grow internationally because it provides a lot of business opportunities. Australia has a strong economy and low unemployment rate. Companies that would expand business in Australia can establish their presence in the other side of the globe without experiencing cultural and language barriers usually associated with hiring employees from other countries. For companies to leverage the benefits available to businesses in Australia they have to have knowledge with the payroll system including the TAX System. Since Australia has a pay-as-you-go (PAYG) system for income tax. This will allow employers to retain amount due for tax from their employees paychecks. The tax table is not the same in all […]

June 9, 2015

Maximise Your Return on Employee Investment

Employer-Employee relationship is important for the success of any business. While it is true that there are so many applicants for employment, the fact still remains that employers need to take care of their employees by enhancing their engagement and growth in the company. Employees are considered as the company’s best asset and investment. The importance of maximizing your return on this very important investment are discussed below. If you have a positive work culture wherein the aim is to motivate and inspire, your employees will respond towards a better customer engagement resulting in increased revenue and higher profit. Those businesses that builds trust among the entire organization creates a dynamic team . With motivated workforce, you will increase your […]

May 29, 2015

Why You Need to Log Your BAS On Time

As we approach the ‘silly season’ many small business owners are busy tackling the day-to-day tasks that come with running a business. Lodging your BAS on time, not only fulfils your obligations, it can also be beneficial to your business. Allow your local bookkeeper Melbourne to explain exactly why: Avoid Penalties If you don’t lodge your BAS on time with the ATO you may be subjected to a failure to lodge penalty. The fines can vary in amounts & can be higher if you have poor lodgement history. By lodging your BAS on time, your business will avoid any late penalties. Track Business Performance Lodging your BAS on time with the help of your bookkeeper Melbourne, every quarter, provides you […]

May 26, 2015

Make Informed Decisions With A Bookkeeper Melbourne

When it comes to running your business, you are expected to make decisions on a daily basis. Most of these decisions ultimately affect your cash flow and overall financial success of your business. Updated Records With this in mind, it certainly pays to have a bookkeeper Melbourne who is responsible for updating your books and ensuring all transactions are properly recorded. This will help you make informed decisions as to whether you have enough inventory as well as determine the problem areas of your business, such as high collectibles from overdue accounts, etc. Basis For Decision-Making Most start-ups are hesitant on hiring a bookkeeper Melbourne early on their operational stage. There is a common belief they can just do the […]