Last year I participated in a panel discussion in Brisbane, to address the topic of Overcoming Burnout. And more specifically, what small to medium-sized accounting firms can do to prevent their workforce experiencing burnout.
We’ve pulled together a snapshot from last night’s 2022 Federal Budget announcement to highlight who will be receiving a bit of a boost to their back pocket in the Treasurer’s latest budget.
Small businesses in the eligible defined areas listed below who were directly impacted by the recent South East Queensland Rainfall and Flooding, 22 February – 7 March 2022 may now apply for Disaster Recovery Funding of up to $50,000.
There’s no denying that the onset of Covid-19 has led to some dramatic changes to the way we work. Whether you’ve had to learn to operate as a remote workforce, gained your black belt in time management due to the constant juggle of work and home school, or if you’ve had to reposition your products or services for new markets due to ongoing restrictions. These are just some of the challenges our workforces have been faced with over a long couple of years.
From 1 November 2021 (now) all company directors in Australia will need to apply for a unique Director Identification Number (DIN). Your DIN will be used by ASIC in a similar way to how the ATO uses your TFN – that is, it is a unique number that will be issued once you have verified your identity with Australian Business Registry Services (ABRS).
There’s some new rules coming into effect from 1 November for ‘Stapling’ of superfunds to employees, and as an employer there are a few things you may need to do to get ready. But before we get into that, let’s take a look at what “Stapling” actually is. Put simply, Stapling is an Australian Government superannuation reform that means an existing super account is linked, or ‘stapled’, to an individual employee so that it follows them as they change jobs.
The scorecard becomes the marching orders of the organisation, a simple set of metrics that gives clear focus and direction of the business. Despite it being over 20 years since the BSC was first devised, this remains a powerful tool to have in your business toolbox.
Is a ‘cost-plus’ pricing strategy the best for your business?
There are many pricing strategies and the one you select should align with your greater business strategy. Get to know which option suits your goals best.
As a business owner, it’s critical to have a good understanding of how your business is performing. After all, keeping a close eye on the health of your business is how you’ll determine whether your current strategies are working, or if you need to adopt new ones. Key Performance Indicators (KPIs) are metrics that will help to determine this.
In an effort to make Queensland the place to be for small business, three new grants programs worth $25 million over two years have been announced by the Queensland Government. The announcement comes during Small Business Month; the theme of which is ‘bounce back better’.
