Director penalty notices

Directors obligations and personal liabilities for PAYG withholding, SG Charge and GST

In March the ATO will be contacting relevant clients via letter to inform them about their potential personal liability for company tax debts under the Director Penalty Notice (DPN) program.

The letter will be sent to directors of companies if the company has […]

Digital and Skills Tax Boost for Small Businesses

Support for small businesses going digital and upskilling their employees

The Government is delivering $1.6 billion in tax relief

As part of the plan for a strong economy and a stronger future, the Technology Investment Boost will increase digital uptake while the Skills and Training Boost will help small business attract, retain and upskill staff.

[…]

Salisbury Accountants named Australian Accounting Awards finalist

Australian Accounting Awards 2022 Finalists announced

Salisbury Accountants & Business Advisors have been shortlisted as finalist in the Regional/Suburban Firm of the Year category in this year’s Australian Accounting Awards.

Salisburys Director Ben Gay said, “We are really excited to have been selected as a finalist in the Australian Accounting Awards Regional / Suburban […]

Directors must now apply for their Director ID prior to being appointed

Be aware of new regulations surrounding your Director ID

As of 5 April 2022, new directors must apply for their director ID before they’re appointed.

The Australian Business Registry Services (ABRS) is reaching out to directors who haven’t applied on time to encourage them to do […]

7 Best Practices in Digital Transformation of a Business

The ‘digital revolution’ is not exactly new…

But we still see businesses battling with basic things.

Financial reporting is an example… where leaders may need multiple reports from different systems to see their bank balance, accounts receivable, invoicing status, payroll, sales performance, timesheets, and so on.

Not surprisingly, businesses continue to invest in digital, data, and analytics to […]

Strengthening Your Brand

What is Involved and Why Does it Matter?

Most business leaders agree that branding is important in business.

Given the opportunity, they’d like to strengthen their brand to generate more leads, grow sales and increase customer loyalty.

How do you ‘strengthen a brand’? It can get murky at this point… so let’s take a closer look.

[…]

Business sustainability

Is sustainability good for business?

According to a study commissioned by Xero, 68% of small businesses want to improve their sustainability practices.

But, the question is: How is sustainability specifically good for business?

What does sustainability in business mean?

Harvard Business Review defines sustainable business practises as those that:

at a minimum, do […]

Small business struggling to go green?

How digital tools can help your carbon footprint

With COP26 behind us, did we make any progress in the small business community?

We all have a role to play and, while small businesses may be facing many challenges on the home front – from Brexit fallout to Covid recovery and more – there are still […]

The Finance Function

12 ways to Drive Strategy and Value Creation

No matter the size of your business, the finance function should focus on STRATEGY and VALUE CREATION.

This will create a competitive advantage and give leaders peace of mind.

Yes, annual returns need to be filed and past performance should be tracked… but the finance function should […]

Managing Your Business in an Inflationary Environment

Many global businesses are facing increased costs.

This is not necessarily a new business challenge… but the COVID-19 pandemic is driving significant and unpredictable “price spikes”.

Let’s look at what business leaders should be thinking about in this environment.

First, what is driving these changes? 

Here are some of the important factors influencing the cost […]