Keeping accurate and up-to-date records is vital to the success of your business. Good records help you to minimise losses, manage cash, meet any legal, regulatory and tax authority requirements and improve financial analytics. There are legal requirements for how long you keep some records. These include: Income tax and other financial records – at […]
What is acceptable evidence for claiming an expense Read More »
Some of you may remember that we sponsored a pup, Pixie, through Smart Pups a local charity at Yandina. This charity raises and trains pups specifically for the individual and their family. Recently Pixie graduated and will be moving in with her family soon. This year we decided to support a different local charity Sunny
Directors personal guarantee We have found that many of our clients are signing personal guarantees to establish an account with a supplier without any real understanding of what it actually means. Just recently I had a conversation with a business owner who is a director of his company, the trading entity, who had no idea
Directors Personal Guarantees Read More »
Traditionally February is a slow month for retail, but in reality, we can throw away all things about previous stats this year. People had more money as they had not been on holiday until the end of year break, going back to school was late and frankly, it wasn’t great getting out and about with
February @ KBAS 2022 Read More »
Understanding your financial reports is the key to understanding what is happening in your business. Let’s dive into the profit & Loss profit report and uncover what it is. A Profit and Loss Report, also known as an income statement, shows the profitability of your business over a specific period. It can cover any period
Profit & Loss Report – What is it? Read More »
Superannuation Guarantee threshold changes have been approved and will commence on 1st of July 2022. The effects will be an increase of costs by 10% of the $450 ie $45 each month for each employee who would have earned less than $450 a month provided they are over 18. whilst many businesses will not see
Super Threshold Abolition – Be Prepared Read More »
Australia is the lucky country. Employment is at its lowest level in decades. We are hearing in the media about the great resignation worldwide. Retaining staff members can be difficult, especially in today’s economy. So how can you keep your team together and motivated? Have you though about an incentive for your employees? Incentives help
Keeping your staff team Read More »
The Christmas rush is over. February is typically a slow month, so let’s start discounting right? Or maybe not. Offering discounts on products or services is a way to quickly draw people into your store. Anytime you tell a customer that they can save money, you’re likely to get they attention. Discounts don’t just help
Post Xmas sales and discounts Read More »
The importance of effective rostering A properly designed staff roster can ensure your business is getting the best of your employees. However, creating the roster is not a very enjoyable task and is often a balancing act between business requirements, legislative requirements, staff leave requests and customer demands. Without the right information, creating a roster
Rostering Staff Effectively Read More »
We were all hoping for a sparkling fresh new year filled with certainty and plans. Already this theory and hope is crashing down upon us with the spread of Omicron. Many of us take stock over Christmas of what is happening within our businesses. Did you look at your numbers with thoughts of cutting costs
2022 A Fresh Start Read More »
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