Expanded STP Reporting Requirements For Employers
The ATO has recently announced that from the 1st January 2022, employers will be required to provide additional Single Touch Payroll (STP) information. This will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies. But what does this mean for you? If you currently employ people, please read on to learn more!
How To Apply For a Director ID
As of the 1st November 2021, the Australian Business Registry Services (ABRS) will be introducing and maintaining the Director Identification Number. This means that individuals who are currently a director of a company or will be acting as a director in the future must apply for a Director ID. If this is you, please read on to learn more.
The Best Way To Recover Debt
Do you have clients or customers that aren’t paying on time? Asking for an overdue debt to be paid is an uncomfortable but sometimes necessary part of being a business owner. Usually, sending a friendly reminder or giving a courtesy call is enough to prompt the customer to pay you. But if the customer isn't responsive, you might have to escalate the situation. Here are some steps you can take as a guide to receiving an overdue payment from a customer.
How to Find the Right Business Partner
A business relationship is one of the most significant connections in your life, so getting the right partner makes a material difference to your best business outcomes. There are a few boxes to tick on any potential business partner to ensure your professional relationship is a long and successful one. We’ve put together 5 things to look for in your ideal business partner.
4 Ways To Increase Revenue
If you want your business to make more money, there are only 4 ways to increase revenue: increasing the number of customers, increasing average transaction size, increasing the frequency of transactions per customer, and raising your prices. Understanding the 4 ways in which to increase your revenue can be helpful in deciding how and where to focus your efforts in building your business. So let's jump into it!
6 Systems Every 6 Figure Business Owner Needs
We've said it before and we'll say it again, the systems and processes you have in place are KEY to scaling and growing a successful business. Whether you are a solopreneur or run a growing business, having the right systems and tools in place can help you effectively and efficiently run your business. Poor management has led to the failure of countless small businesses. Here are the 6 systems you NEED to build a successful, long-term business.