Innovation in our Backyard
Consider Innovative companies – your mind goes to Apple, Samsung & Google. These major tech companies are generally your first thoughts when it comes to innovation. Here in Far North Queensland (FNQ), our farmers and primary producers are also very active with developing their own innovative practices. Recent years have seen significant evolution in our […]
Happy New Financial Year!
Welcome to Financial Year 2020! The 1st of July not only signals the commencement of a new year, but is also a date for the commencement of many significant legislation and tax changes. Budget announcements, superannuation changes and minimum wage increases are common topics we are queried on at this time of year. It is […]
STP Help Notes For Accounting Software
Helpful links to STP Help Notes for Accounting Software, including MYOB | XERO | QB Online | Reckon Hosted
Securing Your Future
We all know that planning for the future is important, but it’s especially crucial when it comes to helping secure our family’s financial future. While the end of financial year gives everyone the opportunity to review their 2019 tax year and business owners the chance to look at their business structures going forward, it’s also […]
Tax time need not be taxing!
With just weeks to go until it’s tax time again, now is the perfect time to plan and review your 2019 tax year so there are no surprises awaiting you. We explain some areas of your business that you should consider in order to get the best tax outcomes possible: Superannuation It’s a good idea […]
How automated are you?
The technology around us is rapidly changing, and we are starting to witness a strong emergence of Artificial Intelligence (AI) and automation in our day to day lives. Consider some of the below and how they have evolved: Supermarket Checkout – now in the form of Self-service Transport – Driverless trains are about to commence […]
Single Touch Payroll
Single Touch Payroll – what is it and why does everyone seem to be panicking about it? Single Touch Payroll (STP) is an ATO initiative which requires employers to lodge payroll information online with the ATO. That’s it – no hidden surprises. Employers already report payroll information – weekly, monthly or quarterly via Activity Statements. […]
New Year Cash Crunch
All North Queensland small businesses know the start of the year always creates a cash crunch. A combination of the holiday break, a slow start to the year and the wet season often sees a reduction in timely debt recovery impacting all businesses. There are however, a few easy to implement strategies you can use […]
Benefits of Record Keeping
Benefits of record keeping A common question we are asked by clients is….. How long do I need to keep my records for? While we have the mindset that we just need to keep records to satisfy ATO audit periods, there are many other reasons why keeping good records is important and beneficial to you. […]
Planning and Preparation is Key for Success
I was lucky enough to spend some time in Vietnam earlier this month on a business trip. I was there to assist a client with capital raising and exploring potential new markets. Personally and professionally, the trip was very enjoyable, however this was not an opportunity I would have expected to arise just a few […]