Bookkeeping & Payroll Services for Small Businesses

  This month, we sat down with successful entrepreneur, Richard Bell. He is currently CEO of  Little Zak’s Academy  with over 300 staff, and the Founder of  Business Leaderz Group  and received Sydney’s Young Entrepreneur of the Year Award in the Finance category in 2020. Each year he mentors 20 businesses on a monthly basis – we asked him about what makes the difference to surviving versus thriving in the current market conditions… Rich, what are your thoughts on what small business owners are going through right now? Covid has been challenging for a lot of us. It’s probably challenged your ideas about life, ideas about business, your goals, your values, how you think about things, but don’t let it change your course. It’s so easy to get thrown off by something external whether it’s a global pandemic, economic downturn, massive change in trade rules or government policy… it’s important that you as the business owner stay true to your course and your vision ...

  To modernise Australian business registers, the Australian government has introduced a new company director tracking system, the Director Identification Number (DIN). Once the Australian Taxation Office (ATO) confirms a person’s identity, they will receive a unique DIN. Importantly, directors keep this number permanently. As a result, a director will be able to use this number across multiple companies for each directorship they hold. The DIN has received strong support from the Australian Securities and Investment Commission (ASIC). They believe it will significantly benefit regulators and individuals doing business. Additionally, it will help provide greater security and modernise the way director information is collected. This article will explain how the company director tracking system works in Australia. Individuals who are currently a director or will be acting as a director in the future must apply for a DIN. The Australian Business Registry Services (ABRS) will be re...

  It’s no secret that the back office is often a business owner’s least favourite place to be. The tasks involved in bookkeeping and accounting have been largely unchanged for decades, and it can take hours of time each day just to keep up with the most basic records- let alone find any insights into your financial performance. But now there are many solutions available that will automate these outdated tasks so you can focus on what really matters: running your business! In this post we’ll explore how modern bookkeeping software has changed the way businesses operate by automating some of their processes, freeing them up from tedious data entry work and enabling access to more accurate insights than ever before. The impact of Modern Bookkeeping – Automating the back office Businesses can now automate many parts of their accounting workflow with new software technology, freeing up time to focus on more important tasks. Without having to do data entry and other manual work that ...