The Xero Beautiful Business Fund closes on the 6th October – get your entries in now!
There is more than NZ$750,000 up for grabs. Regional winners will win $20k AUD and if you are 1 of the 4 global winners – another $50k AUD!
There are four categories, you can enter as many categories as you like
Good luck! We’ll be cheering you on!
Owning a small business can be pretty dangerous – submerged rocks, springing a leak, swells, sharks circling, sea legs and scurvy!
At Streamline Management, we shine a light to alert you to the many risks of running a small business.
Wouldn’t it be wonderful to get some free labour from someone who needs experience in your industry?
But before you bring someone into your business make sure you are on the right side of fairwork!
Fairwork says:
Some unpaid work arrangements are lawful and others are not. Depending on the nature of the arrangement, the person doing the work may be an employee and be entitled to be paid the legal minimum rate of pay for the type of work they’re doing, along with other minimum employment entitlements.
Get someone to grab you a coffee and read through the fine print.
Small business really is a team sport – you can’t be the manager, pitcher, catcher, batter and cover all the bases at the same time!
Forming a great team of match-fit individuals is necessary. If you’re the batter, recruit the other players. You might think a couple of all rounders will do, but if you don’t know the rules of the game yet – you need seasoned professionals, not more enthusiastic amateurs and playmates.
In any game, you need to play as a team – and that includes you as the business owner. You can’t play a good game on your own.
If your company doesn’t pay super on time for employees (and some subcontractors), directors become personally liable to make the payment.
ATO says: Company directors are responsible for ensuring their company’s tax and super obligations are reported and paid on time.
If your company has an overdue debt, and doesn’t pay the amount owing or make other arrangements, we (ATO) may issue a director penalty notice (DPN).
April – June super must reach the fund of your team on or before 28th July – it takes longer than you think to arrive, so authorise the payment now!
We’re up for a bit of listening, but you really need to know when to not listen.
Tax advice from a salesperson or at a BBQ or from a bar stool is not advice worth listening to.
Sales people want the sale and will tell you any old rubbish to make it happen.
Your mates might be trying to help, but the advice they receive is about them, not you.
Remember to listen to licenced financial experts on World Listening Day.
Xero has announced the return of the Xero Beautiful Business Fund, backing small businesses for the future.
Regional category winners will win $20k AUD
and if you are 1 of the 4 global winners – another $50k AUD!
Good luck! We’ll be cheering you on!
Hey monthly lodgers, if you haven’t already, remember to e-sign your May IAS to avoid any late lodgment fines. Best to make the payment too!
Xero is undertaking a major revamp of their subscriptions from 1st July 2024.
Speaking of pricing reviews, when was the last time you reviewed and updated your prices?
An annual evaluation is a great way to examine your costs and take a cheeky look at what your competitors are doing.
The Fair Work Commission has decided to increase minimum wages by 3.75%, to $915.90 per week or $24.10 per hour, for the first full pay period after 1st July 2024.
Updated awards will not be published until 1st July – so add an item to your TO DO list for later.
