Bookkeeping & Payroll Services for Small Businesses

  Regular business and tax reporting When running a business, it’s important to regularly keep track of how your business is going. As a business owner, there are a variety of financial reports and statements you can use to track your business. These reports can help you to: keep track of your business finances make business decisions set goals for your business apply for finance for your business (such as approaching an investor or a bank for a loan). To help you get started, learn how to create a budget using our free financial templates. Tip:  Most businesses will also need to lodge business activity statements (BAS) every month or quarter for tax purposes. Did you know? If your business is a company, you will be sent an annual statement to complete around the anniversary of the date you registered your company. End of Financial Year (EOFY) reporting There are a number of reports and tasks you can complete at the end of...

 

As the Australian workforce continues to evolve, the Fair Work Commission is at the helm of these changes, steering new policies to ensure the workplace remains both fair and adaptive to the changing economic landscape. The latest in this string of adaptations are revisions to overtime and penalty rates for professional employees. In this issue, we bring you a comprehensive update on these significant developments, a beacon that heralds a new era in the working lives of professionals across the nation. In a move designed to foster greater flexibility and equity in the workplace, the Fair Work Commission has announced a series of modifications to the overtime and penalty rates applicable to professional employees. These changes are reflective of the broader shifts in the working environment, with a focus on accommodating diverse working hours and ensuring fair compensation for employees who work beyond the standard working hours. Key adjustments to overtime and penalty rates Fle...