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Succession planning can decrease business risk
Often small to medium business owners are tied up in the day-to-day running of their business and are unable to give meaningful consideration to the risks involved with their business operations. Some business owners are aware of their risks but lack the time or skills to address them.
Employment record keeping - it really is worth the time and effort
The risks clearly do not outweigh the rewards. Keeping accurate employment records is imperative if an employer is to defend a claim for underpayment of wages.
AusIndustry being proactive about R & D for Software Development
AusIndustry have been concerned about software development for some time and have undertaken comprehensive consultation.
Invest for growth with the Small to Medium Business Growth Grant
The Queensland Government’s Business Growth Grant supports high-growth businesses with employment aspirations to purchase and implement specialised equipment or access services supporting business growth. Grant applications may attract funding of up to $50,000 and successful applicants must contribute 25% - 50% of total project costs.
Have you implemented Single Touch Payroll?
If you are an employer the way you report payments, such as salaries and wages, pay as you go (PAYG) withholding and superannuation will be impacted by Single Touch Payroll.
Businesses who employ 20 or more employees, should have implemented Single Touch Payroll from 1 July 2018. Those who employ 19 or less employees now is the time to get prepared with the 1 July 2019 commencement date fast approaching.
Businesses who employ 20 or more employees, should have implemented Single Touch Payroll from 1 July 2018. Those who employ 19 or less employees now is the time to get prepared with the 1 July 2019 commencement date fast approaching.
5 Tips to tackle a challenging annual bank review
There are many reasons for a borrower to feel a level of dread as the annual bank review and/or banking facility renewal date looms. Some of the more common concerns include the business having had a tough 12 months of trading, the Bank’s equity position may have eroded due to asset values coming under pressure, tax debt has materialised due to cashflow pressures or capital isn’t available to meet impending principal obligations. The natural reaction is to avoid having the difficult discussion with your Banker, or at best to turn up, smile painted on and tell them as little as possible; these are rarely the best approach!
Are you at risk of breaching a Modern Award?
The Industrial Award system in Australia is extensive. The Modern Award system is intended to cover most work and therefore most employees, providing for minimum enforceable conditions. Although the Modern Award system is generally industry based, there are also some occupational Awards that cover employees in all industries, such as the Clerks - Private Sector Award.
Mazars and Hanrick Curran join forces in Australia
Mazars in Australia is pleased to announce that Brisbane-based accounting firm Hanrick Curran, has joined the Mazars accounting network, effective as of 1 January 2019.
Mazars wins Xero Regional Partner of the Year - Asia
At Xerocon 2018, Mazars was crowned as Xero's Regional Partner of the Year- Asia. The annual Xero awards recognise excellence across the bookkeeping and accounting industries, as well as the third-party app developers.