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 …
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 …
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 …
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 …
What is Long Service Leave? Long Service Leave is a reward for employees who work for a single employer for a long period of time. This offers an incentive for employees to remain in their role long-term. Employees will receive their usual wages while on long service leave; however, this incentive can only be claimed …
To navigate the upcoming changes to superannuation, super stapling, as part of the government’s Your Future, Your Super package of reforms. It’s important you understand how these new rules work as they will change how you pay your employees’ super. What is Your Future, Your Super and Super Stapling? As part of the federal Budget …
Fairwork has finally setup a service to offer free advice that can be relied upon by the employer. If you are unsure about a provision under the Award here is the opportunity to get free advice. Fair Work have now released an initiative for small business employers to receive free, tailored written advice about pay …
In every industry, there are the experts, and there are the cowboys. Bookkeeping is no different. The problem for business owners is that if your bookkeeper is a cowboy, you could end up in hot water. The world of business is full of deadlines, acronyms and confusing legislation. So what is it that you, the …
6 questions you need to ask when you are looking for a bookkeeper Read More »
Here at KBAS Bookkeeping, we have recently made the leap and have implemented a VoIP system. This was completely set up by Sunshine Coast Business Solution’s Dan Blunden. The term VoIP is an acronym for Voice Over Internet Protocol. Simply put, VoIP is a telecommunications technology that enables you to make and receive calls over …
Personal Property Securities Register (PPSR) The Personal Property Securities Register (PPSR) can help protect businesses and create opportunities for small business to protect their assets. It is a single, national online database that shows whether someone is claiming a security interest in goods or assets. The PPSR is not a register of property ownership. Registering …
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