The national minimum wage will increase by 3% to $19.49 per hour. This amounts to a $21.60 increase per week for full-time workers. Consult with hospitality industry consultants to avoid underpayments and “wage theft.” In March, Restaurant and Catering Association former and new CEOs Juliana Payne and Wes Lambert called for a wage increase freeze, …
Bookkeeping company, Sky Accountants, give a few points on how you can design your club, pub or hospitality business to be profitable this year. Fair Work is becoming more proactive and operators are urged to right any informal wage arrangements they might have. Some of the agency’s priorities for the next financial year are fast-food …
Using a small business accounting software can be a lot easier if it’s available via the cloud. Traditional accounting can just take too much effort and time and doesn’t add value to your business. Cloud accounting, on the other hand, can save you time and money with the help of a Xero bookkeeper Melbourne. Cloud …
Family businesses have been around for many years and they continue to thrive. About a third of family businesses reportedly grew last year – a growth that’s higher than any other business type. With the right processes and bookkeeping firm, you can systematically track your finances and grow your family business. There are plenty of …
Single Touch Payroll is the new way of reporting tax and superannuation information to the ATO. STP will change business bookkeeping processes. Businesses can use a payroll software or payroll outsourcing solution to send their employees’ salary and wages, PAYG withholding and super information to the ATO each time they pay their employees. Businesses: What …
The Australian Federal Budget 2019/20 outlines economic policies that will hopefully drive a stronger economy. As a business owner, you may need to seek consultation and business tax accounting services to better understand the Budget’s business tax measures such as the expansion of instant asset write-off rules for small and medium businesses, reduction of superannuation …
In this Sky Update, we bring you all the latest tax news along with some other items that may pique your interest. Federal Election Counting of votes for the recent Federal Election continues with the Coalition likely to win two additional seats in the House of Representatives to secure a majority Government to be …
PM Scott Morrison has secured his third term in office for the Coalition with an unexpected victory after voters rejected the Opposition’s policy agenda. Australian stocks have risen to their highest levels since 2007 because of gains in financial services and consumer-focused sectors. Investors and CEOs are relieved from Labor’s plans to cut tax incentives. Developers …
There are plenty of figures in bookkeeping, POS and other business systems and it could be helpful to have the most important ones in a dashboard. With the help of hospitality accountants, create a weekly set to quickly measure results and manage them. Find out what figures can truly influence on improving results and add …
It’s good to have a tax plan before the end of financial year comes as this will help you make sound decisions and maximise business returns. By now you should be looking at your expected taxable income for the 2018-19 financial year and your expected taxable income for the coming financial year. Seeking the assistance …
