Affordable Bookkeeping Solutions for your Small Business
Does you business turnover less than $2 million dollars? If so, your business could be exempt from paying stamp duty on the following policies:
If you’re eligible, you will need to speak to your insurer and complete a declaration.
To find out more, visit https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/insurance-duty/small-business-exemption.
Did you know using a simple statement like ‘I don’t like pineapple on my pizza!‘ as a password can take more than one year and costs scammers $107,000 to crack? The reason it’s a great password is it:
This is just one of the tips you can find in a range of resources available to help you protect your business. These resources have been developed by us and the Australian Cyber Security Centre (ACSC) who recently surveyed small businesses about cyber security.
The ACSC found 75% of small business owners surveyed are responsible for their own IT and almost half say they don’t know enough about cyber security.
Take a look at these resources and have a serious think about protecting your business.
Next steps:
Information provided by the ATO Small Business Newsroom
Don’t forget that AUSkey will be retired on 27 March 2020 and will be replaced with myGovID and Relationship Authorisation Manager (RAM).
Join over 250,000 businesses who have already made the switch. Enjoy greater flexibility and security to lodge your activity statements and super reporting.
Find out more on how to Get Started with myGovID
Information provided by the ATO Small Business Newsroom
Single Touch Payroll (STP) reporting is here and it’s time to make the move. The ATO guideline is that employers should have transitioned to STP by 30 September 2019.
STP changes the way you report your employees’ tax and super information to us. You now need to report salaries and wages, pay as you go (PAYG) withholding and super information to the ATO each time you pay your employees.
Xero, MYOB and QuickBooks all have STP solutions built into their software so talk to us today about taking the next step to implement the solution that best suits your small business. Alternatively, book a Chat but be quick because 30 September is fast approaching.
October is NSW Small Business Month – a month dedicated to promoting and celebrating the success of small businesses and recognising the important role they play in the NSW economy and their local communities.
The state’s small business sector employs an estimated 1.65 million people across NSW and makes up almost 44% of the private sector workforce. As the home to 765,000 small businesses, NSW is building an ecosystem to support growth.
Visit the businessmonth.nsw.gov.au website to see and take part in all of the events to assist small business. There are free forums, webinars and workshops to attend on a range of topics such as Business Basics, Starting a Business, Marketing and Social Media and more.
Information sourced from: https://www.businessmonth.nsw.gov.au/about-us/
As a small business owner there is much to enjoy about being your own boss such as the freedom to make the decisions and the autonomy to run the business your way. Following your passion can help you to feel good and be productive and can also contribute positively to your mental health.
But anyone who has run a small business knows that there are also a range of stressors or challenges too. Putting in long hours, feeling isolated, worrying about cash-flow and all that decision making can come with a sense of great responsibility. On top of that, there can be external factors outside your control that influence your business or the demands on your time too.
Today is R U OK Day and a good day to assess how mentally healthy your workplace is.
The mental wellbeing of people at work is good for everyone and enhances personal and organisational resilience, and success. Everyone has a role to play both in looking after their own mental health and creating a mentally healthy workplace.
The headsup.org.au website has some fantastic resources to help small businesses, business owners and their employees in achieving a mentally healthy workplace.
Download some of their resources:
If you think that someone may be struggling, start an R U OK? conversation by using these four steps:
Visit ruok.org.au for more information on learning the signs and finding help.