Consult with hospitality industry consultants to make sure you are Fair Work compliant

By Sky Accountants

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, …

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Bookkeeping company: Tips on how to design your club or pub business to be profitable

By Sky Accountants

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 …

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How your business can benefit from cloud accounting and the help of a Xero bookkeeper Melbourne

By Sky Accountants

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 …

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Bookkeeping firm gives tips on how you can grow your family business

By Sky Accountants

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 …

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Business Bookkeeping: Important Single Touch Payroll Things You Need to Know

By Sky Accountants

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 …

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Morrison and the Federal Budget: Business Tax Accounting Services You May Need

By Sky Accountants

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 …

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Sky Update – May 2019

By Sky Accountants

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 …

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Australian Election 2019: Impact on the Economy

By Sky Accountants

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 …

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Improve your business by understanding your figures at a glance with the help of hospitality accountants

By Sky Accountants

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 …

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Business accounting service: Tax planning in time for the EOFY 2019

By Sky Accountants

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 …

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