Take The Leap: Why 2023-24 Is The Perfect Time To Start Your Business
It’s been a dream, an ambition, a burning passion – the idea of running your own business. There are approximately 2.5 million small businesses in Australia built by dreamers and doers who had an idea and made it a reality. Each year they collectively contribute more than $5 billion to Australia’s GDP. What’s stopping you […]
Business Activity Statements (BAS) for Dummies
When it comes to navigating the world of business and taxes, it’s important to stay on top of your business activity statement, or BAS. For many small business owners in Australia, this can be a particularly daunting task. BAS is often seen as a challenging and intricate part of the taxation process, but with a […]
Use these Strategies for getting paid faster
Cash flow is the life blood of any small business and managing it is the most important task of any small business owner. In an environment of rising labour and energy costs, together with other inflationary cost pressures, it has never been more important for small businesses optimise every aspect of their cash flow management. […]
What does Fringe Benefits Tax (FBT) mean to your Business?
Why is this important to me as a small business owner? As small business owners struggle to attract and retain their best staff in times of high inflation, it may be tempting to explore alternative benefits you can offer your staff. However, it is important that you appreciate the hidden tax cost of providing such […]
The importance of a Strong Toolkit and Dashboard to Manage Cash Flow
Managing business cash flow is undoubtedly the most significant challenge that small business owners face. Cash flow is the lifeblood of any business, and managing it effectively is essential for business success. In the current business climate, with price inflation leading to higher costs, managing cash flow has never been more critical. In this article, […]
Payday Super – another burden for the SME business owner
What is changing? Last week, Treasurer Jim Chalmers announced that the current pattern of quarterly superannuation guarantee payments will end on 1 July 2026 and be replaced by the requirement to pay employees’ superannuation every time they pay their regular wages. Why is it changing? Due to the compounding nature of superannuation, the government claims […]
Don’t Get Scammed: Protect Your Business and Profits
Don’t lose cash from your business to scammers The Australian Competition and Consumer Commission (ACCC) has just released its report, Targeting Scams 2022, in which it reported that Australian businesses lost $23.3m in scam losses across 2022 with Small and Medium sized Enterprises (SMEs) suffering most of these losses. $13.6m in total was scammed from […]
These are our 10-Tips to avoid scrambling at tax time
Tax time can be a stressful time for many individuals, especially those who are not prepared for it. Late tax returns can result in fines and penalties, which can be avoided by taking a few simple steps. In this article, we will provide tips on how to avoid scrambling at tax time and ensure that […]
Five New (Financial) Year Resolutions for 2023-24
The new financial year is upon us and if you’re a business owner it can be either exciting – or daunting. With tough economic circumstances tipped to continue, rising costs and business confidence still at a plateau, what are the practical things small business owners can do to protect and grow their business in the […]
Superannuation E-guide
Superannuation E-guide Superannuation can be complicated to manage, but as a small business owner you must get it right. Download our e-guide to understand all you need to know about managing and paying superannuation. *Retinue’s payroll service includes the processing of hours and wages rates provided by you. We do not determine award rates for […]