Category: Small Business

Level Up! We’re Officially Syft Pro Advisors

We just got certified – in a good way!

Nicole and Monika spent last week training to level up from Advisors to Syft Analytics Pro Advisors!

If you saw our recent blog about the Syft case study (where we solved that tricky consolidated cash flow problem!), you already know we love this tool. And now we have new certificates to prove it!

Want to see the difference next-level data can make? Let’s discuss how we can use our Syft Pro expertise to fine-tune your next financial review.

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Day for Failure

‘I have not failed. I’ve just found 10,000 ways that won’t work.’ said Thomas Edison and he was spot on!
Failing to lodge correct data to the ATO on time is one ‘failure’ we can solve for you, so you can experiment with big growth ideas.
Lets reframe failure and find more ways that won’t work, as we keep working towards perfection.

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Syft Analytics casestudy – How we streamlined consolidated cashflow forecasting

Shoutout to Syft Analytics for featuring us in their new case study!
We love being able to tell the story behind the numbers. In this piece, we share how we cracked the code on providing consolidated cash flow forecasting for our multi-entity clients.

Syft helped us turn a notoriously manual, complex process into a streamlined 😉 solution that provides our clients with clear insights (including words and graphs for those business owners who are afraid of looking at a page of numbers).
Contact us if you’d like help to consolidate or visualise your business progress

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Set Sail to Success!

Ahoy, me hearties! Got a parrot on yer shoulder and be ye talkin’ like a pirate today?

Listen up, ye scallywags! Is yer business feelin’ lost at sea? Are ye sailin’ the choppy waters of small business and feelin’ a bit seasick?

Raise yer anchor, ye brave swashbuckler, and let’s set a course for buried treasure!

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Boss / Employee Exchange (sensitive data) Day

Bosses and employees exchange cash for labour. And at the same time they also exchange lots of sensitive data.

When an employee joins your team you need their TFN (Tax File Number), Superannuation details, and personal information to get them set up. For many businesses, the default is to ask for this information via email. But is that really a secure method for transferring such critical data?

Use an app for simple, paperless and secure employee onboarding.
Always swap sensitive data securely!

Want to learn more about how to streamline your HR processes and reduce the risk of exchanging sensitive employee data with strangers? Let’s chat.

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What’s New Wednesday – Mileage claims for your team

It’s now really easy for your team to submit a cents per km claim in Dext for work trips.*
They can create a mileage claim using the phone app or in the browser when they are back at their desk.
ReceiptBank/Dext has you covered – just like all your other work related expenses.

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Fancy a chat over a cuppa and cake?

With Afternoon Tea Week approaching, we thought it would be the perfect excuse to get together.

How about we grab a cup of tea and a scone?
It’s a chance to just chat and catch up on whatever’s new – no need to discuss work, unless you want to!

We’d love to hear from you soon.

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Late super – now what?

Super was due into your employees super funds by 28th July.
Your employee’s super contribution is only considered ‘paid’ on the date it’s received by the super fund. Not the date it’s received by the clearing house.
The expense is no longer tax deductible, super is calculated on all payments to employees (like overtime and allowances), fines are payable to the ATO, interest is payable to the fund for the employee, and directors will be personally chased for the payment.
If you’ve realised you haven’t made the payment on time, submit the statement ASAP to minimise the interest charges you’ll be liable for. Burying your head in the sand and hoping no-one notices could cost you a lot more down the line.
Need help to keep on top of all the deadlines? Ask us to give you a hand.

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Payroll Day

Intentional under payment of wages became a criminal offence on 1st January. Trying to save a few bucks could result in a 0 star ‘holiday’. Is it worth it?

If you haven’t already, review staff payrates against the current minimum wages and entitlements for your industry.

Prosecution can result in monetary fines, prison time, or both. An employer can be an individual or a company. You might be personally liable for the wrong doing of your company/boss.

We love you, but not enough to go to jail for you.

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April – June super needs to be authorised NOW!

April – June super contributions must be received (by fund) by 28th July. This super is at the old rate of 11.5%.

Payments should be authorised right now as it takes longer than you think for the super fund to receipt the money.

Late payments of superannuation are not tax deductible – and fines and interest will be applied.

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