The ATO recently issued 9 guides on the distinction between employees and contractors (the Guides). The Guides have some key messages for organisations: they help determine if a worker is an employee or a contractor; they require organisations to look at the relationship as a whole; the ATO may impose penalties if an organisation applies … Continue reading Employee or Independent Contractor? — new ATO guides released →

Article by Cara Waters from Smartcompany.com.au Small and medium-size businesses are most likely to fail because of an inability to manage costs or anticipate rising costs, according to a survey of more than 1000 Australian owners of SMEs. The survey, published yesterday by accounting software provider CCH and global information services group Wolters Kluwer, revealed … Continue reading Top Reasons for Small Business Failure →

Article from Heather Smith of Flying Solo with support of Australian Online Casinos Apply these five practical tips to your business processes to help with managing cash flow and avoiding cash mismanagement pitfalls. 1. Maintain accurate financial records You need accurate, timely and readily available financial data to assist you in making business decisions. This … Continue reading Five tips for managing cash flow →

Article from Brad Callaughan of Flying Solo 1.Raise your prices: You’ll be surprised how few complaints you get if you increase your prices by 5-10 percent. A slight increase each year is less noticeable than one large increase. 2.Sack a customer: You know those demanding customers that take up all your time but buy very … Continue reading Profitability and cash flow checklist →

5 ways to make happy customers or clients Article courtesy of AccountingWEB UK. 1. LEARN FROM YOUR CUSTOMERS Be a good listener Most important is to identify what your customers love the most, and in order to do this you need to listen to what your customers are communicating to you. But really listen Understand … Continue reading 5 ways to make happy customers or clients →