From 1 July 2025, the National Minimum Wage will increase by 3.5%. This means the National Minimum Wage will be: $948 per week, or $24.95 per hour.
Unfortunately you can’t set up or review the new award rates yet, they are usually only available just in time for payday.
Every single week is a rollercoaster when you are a small business owner. (Sometimes it feels more like a haunted railway!)
It takes a lot of energy to power a rollercoaster – up, down, loop de loop, corkscrew barrel rolls, dark tunnels and sharp unexpected turns.
So now that you are onboard, strap in! We’ll join you on the wild ride!
It’s now really easy to submit a claim for business trips in your own car.
You can create a mileage claim using the phone app or in the browser when you are back at your desk.
ReceiptBank/Dext has you covered – just like any other work related expenses.
Are you producing Australian Made goods, or services?
Our bookkeeping services are 100% Australian made by an Aussie based team – locals supporting locals.
Shopping with Aussie businesses supports smaller players (more than 95% of Australian businesses are classed as small), creating jobs so those employees can shop local too.
Where should we spend our money this week? Give us your best suggestions!
We love more than just one tree and we are trying to keep them alive in forests, ask us to help you go paperless and still remain on the good side of the tax office.
No need to print out your bills, hole punch, file them and then store the folders for 6 or so years.
Simply forward bills received by email to ReceiptBank/Dext. Paper records can be photographed or scanned and uploaded, then shredded and turned into mulch for the garden or puppy beds.
Do you provide perks to your team?
You probably need to submit an FBT return in the next couple of weeks.
No idea what could be captured? Speak to your tax accountant ASAP – gym membership, tickets to the footy, fancy meals, company car used for personal trips can all be captured.
Avoid fines and penalties – review your situation, ask your accountant – act now!
Our small business has survived more than 1450 weeks!
We use our experience to support other small business owners – we know what it is like, we are or have experienced it too!
Can we help you make your small business weeks feel less like months and years?
It’s a bird, its a plane, its a person planning for their future needs!
Are you employing super heroes (who want to put away a bit extra for their retirement)?
Salary sacrificing wages into super can help employees save faster than a speeding locamotive, but as an employer, you need to make sure you have all the right paperwork.
Wearing your undies on the outside of tights is all well and good, leaping tall buildings in a single bound has OH&S issues, being your own retirement hero is a super idea!
Know the rules when it comes to paying staff for public holidays?
Fairwork says:
‘Employees should be given the choice to work on a public holiday or not.
Employers can request employees to work on a public holiday, but the request has to be reasonable.
Employees (except casual employees) who normally work on the day a public holiday falls will be paid their base pay rate for the ordinary hours they would have worked if they had not been away because of the public holiday.
An employee doesn’t get paid for a public holiday if they don’t normally work on the day that the public holiday falls. Some part-time employees will be entitled to payment, other may not be. Part time staff do not need to work ‘make up’ days.
Working on public holidays – Awards, enterprise agreements and other registered agreements can provide entitlements for working public holidays’
January-March super contributions must be received (by fund) by 28th April.
Payments should be authorised right now as it can take several days to process, not to mention all the public holidays that will slow down the process this month.
Late payments of superannuation are not tax deductible.
