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June 2024

payroll tax

Payroll Tax

Annual reconciliation for payroll tax is fast approaching. To help you prepare, please: review our Revenue WA’s reconciliation web page to learn more about what information you need to submit and notify Revenue WA of any changes to your registration status. Between 1 July and 21 July, use the End of Year (EOY) Lodgment function in …

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Bookkeeping Best Practice: Changes to Age Group Descriptions

Award Updates The Fair Work Commission (FWO) recently revised the age group descriptions for junior employees across 34 awards. These changes, effective from the initial pay period commencing on or after 31st December 2023, maintain existing junior rates in the awards. Terms like “At 16 years and under” or “17 years and under” were replaced …

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price increases

10 Steps to Effectively Manage Price Increases

As the end of the financial year approaches, businesses often review their financial performance and strategies to ensure continued growth and sustainability. One crucial aspect of this review is evaluating pricing structures. Implementing price increases can be a delicate balancing act. You want to ensure fair compensation for your services while maintaining transparency and fairness …

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price increases

10 Steps to Effectively Manage Price Increases

As the end of the financial year approaches, businesses often review their financial performance and strategies to ensure continued growth and sustainability. One crucial aspect of this review is evaluating pricing structures. Implementing price increases can be a delicate balancing act. You want to ensure fair compensation for your services while maintaining transparency and fairness …

10 Steps to Effectively Manage Price Increases Read More »

record keeping

Is Your Business Keeping Good Records?

Record Keeping Practices Maintaining accurate and complete records is paramount for the success and sustainability of your business. Proper record keeping practices are not only essential for compliance but also serve as the backbone of informed decision making and financial stability. As a business owner, it’s crucial to recognise the significance of meticulous record-keeping. These …

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