Knowing your financials is vital for success

The uncertainty of last year is in the rearview

But a bumpy road still lies ahead.

More than ever, businesses need to understand and manage their finances to navigate the new terrain of 2021, not just to survive but thrive.

2020 lost some great companies, and the years to come will take more. So how […]

Managing Cash Flow through Scenario Planning

In an uncertain business environment, staying on top of future cash needs is challenging… but essential. 

Scenario planning is one way to reduce risk and overcome uncertainties.

What is scenario planning?

A scenario is what we think might happen in the future based on certain assumptions. For example, we may ASSUME it will rain tomorrow and […]

Switch now to Online services for business

Online services for business replaces the Business Portal and the electronic super audit tool

With a range of new features, this new service allows users to interact with the ATO in a more contemporary way.

Online services for business can be accessed on multiple devices, including smart devices like your phone or tablet.

To start […]

2021 Business Planning

Using Data to Guide Your Planning

Business leaders recognise the value of using data to influence decision-making.

This has become easier due to cloud-based accounting solutions, better analytical tools, benchmarking and other methods.

But one important question remains… Which data should we access and analyse? There are so many options. Perhaps, we should ask a different question: What drives […]

Future proof your small business with cloud technology

Small business thriving in a changed world

A couple of months ago, Xero commissioned a study through Forrester Consulting called The next chapter for small business: How to thrive in a changed world.

The study explores the impact of COVID-19 on small businesses and identifies some strategies that have proven successful in helping small businesses […]

Simplifying small business insolvency

What Directors need to know about Australia’s new insolvency rules

On 1 January 2021, new laws came into effect that simplified debt restructuring and liquidation framework for small business.

Drawing on the US’s Chapter 11 bankruptcy model, the new system aims to accelerate the insolvency process, reduce costs and, where possible, restructure to help the […]

What to Expect from a First-Class Finance Function

There’s much more to the Finance Function than ‘maintaining a set of books’

In this article, we look at ways the Finance Function should positively (and strategically) impact your business and help management make the best business decisions. How will YOUR Finance Team stack up?

Making the best business decisions in 2021 will require an understanding of your customers, the […]

JobMaker Hiring Credit

Information for employers

The JobMaker Hiring Credit is for employers

The JobMaker Hiring Credit recently opened for employers and we would like to share some information with our clients to make you aware of this opportunity.

The scheme applies to employees starting employment between 7 October 2020 and 6 October 2021.

It is a scheme […]

Setting Goals and Seizing Opportunities in 2021

Think back to November 2019

What predictions did you make for 2020? Few could have forecast what this year had in store.

Very few businesses have been unaffected by the events of 2021. Some businesses have boomed as a result of increased demand for their products and/or reduced competition. Others have suffered dramatically and are […]

NSW BUDGET 2020

What there is for NSW Small Business

Support for local and small businesses a focal point for the NSW government in its 2020-21 Budget.

Payroll tax relief

The 2020/21 NSW State Budget has announced a temporary reduction in the payroll tax rate to 4.85% for the 2020/21 and 2021/22 financial years. The threshold will also increase […]