Hotel and Accommodation Trends in 2019

Australia’s accommodation sector is being influenced by new global and local brands, technologies and services. During its largest-ever expansion, Perth, Melbourne, Brisbane, Adelaide and Canberra have experienced a remarkable revival of their hotel stock. The Sydney hotel sector has started its dramatic expansion since the 2000 Olympics. Lifestyle hotel brands focusing on experiential travel have …

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Hospitality Market Research 2019

By Sky Accountants

Here is the hospitality and tourism market outlook for 2019. Café and coffee shops The café and coffee shop industry has moderately grown in the last five years because of the country’s vibrant coffee culture. Its revenue could increase at an annualised 2.2% over the next five years to be worth $9.8 billion, including an …

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How to build a loyal market for your restaurant

The hospitality industry is currently enjoying an unprecedented high and it is important for business owners to sustain this growth by building a loyal market. Here are some strategies on how restaurateurs can make the biggest impact on their customers. Human interaction. Technology now plays a huge part in how customers engage with brands and …

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How to make a hidden, out-of-the-way restaurant or café work

By Sky Accountants

Any hospitality business owner knows that one of the most important business considerations is – location, location, location. Nothing matters more in the retail industry than where the business is situated because foot traffic is said to indicate performance and that, of course depends on the accessibility of the establishment. Does this mean a business that …

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Important things to do ahead of EOFY 2019

By Sky Accountants

While 2018 has been a whirlwind year for taxation, 2019 still seems to be one of the biggest years for small businesses in terms of taxes. Here are some things to consider to get ahead of your EOFY 2019. Small and micro businesses may have to step up their game this year if the extension …

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Law changes that might affect your business

By Sky Accountants

Because of the upcoming federal election, various policies are being implemented by both parties. Here are some law changes to consider. Find out if any of these changes can affect your business. The national minimum wage has increased by 3.5% on 1 July 2018. The new national minimum wage is $719.20 per week for a …

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Xero Accountants: Small business Tips and Tricks

By Sky Accountants

Apps and their users are getting smarter by the day. Technology revolutionises small businesses and improves the way they interact with customers and data. Small businesses will start embracing technologies in reporting, cash flow and app solutions more this year. Here are some tips and tricks to get the most out of Xero. Utilise bank …

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Business Tips: Understand and grow your business through these numbers

By Sky Accountants

As a business owner, you should understand the numbers that drive your business. It is important to track these numbers as they reveal hard evidence that can equip you into growing your business over the long haul. Below are several ways to monitor your numbers. Focus on them so you can better manage the financial …

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Small business instant write-off increased to $25,000

By Sky Accountants

Prime Minister Scott Morrison has recently pledged to raise the small business instant write-off from $20,000 to $25,000 and extend it until 30 June 2020. Parliament will resume on the 12th of February and the government will seek to legislate the change by then. The write-off scheme allows businesses to immediately write off depreciable assets …

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Small Business Tips: BAS and GST Preparation

By Sky Accountants

Most successful businesses spend extra time record keeping and making sure they’re getting their tax right. They prepare and lodge business activity statements and know that they can save time in the long run once these are properly set up and organised. Your BAS can be lodged online through the ATO Business Portal or from …

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