Posts

Compulsory Single Touch Payroll (STP) reporting rolls out to small employers

Months of uncertainty for small businesses ended yesterday with the Senate passing the Bill to now extend compulsory STP reporting to employers with 19 or less employees. Effective from 1 July 2019, it comes on the back of STP rolling out to larger employers from 1 July 2018.

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5 Common Bookkeeping Fails – and How to Easily Avoid Them

If you’re in business, you already know that careful financial management is important. But do you really aspire to spending your time dealing with numbers and paperwork? That’s probably not why you went into business!

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5 tips to avoid FBT on your staff Christmas gifts and work party

Christmas will be here in a moment and many employers will be thinking about recognising their team’s efforts throughout the year. Have you thought about how to manage tax and Christmas gift giving?

Feel free to celebrate, but make sure you don’t get stung with unexpected taxes. Fringe benefit tax (FBT) and associated income tax and GST pitfalls are the big ones to watch out for.

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Employee or contractor? 12 common myths

Do you know whether your worker is legally an employee or a contractor?

There are plenty of myths and assumptions made when it comes to deciding the status of a worker. Many employers (and workers) rely on inaccurate indicators of what makes a worker an employee or contractor. However, the employee-or-contractor status is important to get right.

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What really matters?

Xerocon2018 brought us several sessions that asked us to think about the way we think. They were an excellent, and timely, reminder for me of what’s important in my life.

With a young family, I’ve found myself at one of those times in life when it’s valuable to pause a moment. To check that you understand your priorities. Because they change over time. And sometimes a significant event, or a minor event, a comment, a chance meeting, or a speaker at a conference can trigger reflection.

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The powerful ripple effect of your business’ purpose

Do you ever question whether your business is being all that it can be? Are your customers, employees, even your community, getting the best of you? Why does your business exist? What’s your business’ purpose?

What you stand for may have more impact than you think.

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October 2018 Newsletter

See our latest newsletter here:

Synectic news October 2018

Artifical Intelligence is here, but maybe it’s not so scary

One of the highlights of Xerocon2018 for me was a presentation from Professor Genevieve Bell: Preparing for artificial intelligence, or the fourth wave of industrialisation 

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How will your business make a difference?

I want to share with you one of my personal highlights from attending Xerocon 2018.

It was a presentation by Trent Innes (Managing Director, Xero Australia & Asia) on why the 1% is everything. Trent’s message resonated with me as both a business owner and a business adviser.

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June 2018 Newsletter

See our latest newsletter here:

Synectic news June 2018