According to the ATO, the purpose of data-matching is to ‘maximize voluntary compliance’ and ‘to deter, detect and address non-compliance’. In recent years, the ATO has, in particular, targeted industries in the ‘cash economy’ in its effort to ensure fairness and transparency in tax collection.  The way the tax system works in Australia is basedContinue reading “ATO DATA MATCHING”

Benchmarking In Business

What is Benchmarking? Benchmarking is the process in which organisations evaluate various aspects of their processes in relation to best practice companies’ processes, usually within a peer group defined for the purposes of comparison.  Some financial benchmarking data is available from the Australian Taxation Office.  The ATO’s Benchmarks are key financial ratios developed from informationContinue reading “Benchmarking In Business”

How to Keep Your Employees Happy at Work

Happiness matters.  In today’s world, it is more important than ever to ensure your employees are happy; in turn this will lead to productivity and ultimately satisfied customers. It’s a win-win situation for everyone. When employees are not loyal, undervalued or unmotivated, the company as a whole will suffer.  All that said, keeping employees happyContinue reading “How to Keep Your Employees Happy at Work”

What Successful People are made of?

Success can be an achievement, attainment or opulence. Everyone on earth aims to succeed in life but not all of us get the chance to achieve it. Luck may bring the chance but it is not an attribute to become successful. It is about the attitude that we apply for every opportunity that comes ourContinue reading “What Successful People are made of?”

7 tips on How to get more Clients

Startup businesses need new clients and established businesses need more clients. So how do you get more clients? There is a lot of fantasy about “client attraction” that somehow with hope and prayer clients will magically appear. I wish I could say there was a set way to get more clients, but unfortunately getting clientsContinue reading “7 tips on How to get more Clients”

Eliminate Boredom in the Workplace

Boredom in the workplace is just natural with any organisation. Although this is a common situation, business leaders must not underestimate its impact to the company’s improvement. Boredom will lead to a lack of interest in the job, a decrease in the productivity, consistency, and also quality of work. The excitement of the employee decreasesContinue reading “Eliminate Boredom in the Workplace”

Are you Having Bookkeeping Issues?

So you have been running your business for some time now and all is going well but there are just a few things bothering you:- 1.    You have receipts everywhere in your glove box in your home office in your purse or wallet you have no system in place to file and manage those receiptsContinue reading “Are you Having Bookkeeping Issues?”

Early Access to Super due to COVID-19

Through these unpredictable times, we extend our thoughts to you and your family, especially if you have lost employment or are otherwise experiencing financial hardship and other stress due to the coronavirus outbreak.  Safeguarding your money sits at the heart of everything we do and Australians experiencing financial stress due to the coronavirus outbreak mayContinue reading “Early Access to Super due to COVID-19”

How to invest your money?

The best way to grow your money is by learning how to invest. It’s as simple as that. When you become an investor, you will use your money to acquire things that offer the best profitable returns through one or more of the following investment options: Stock Market Investment Bonds Savings Account Physical Commodities Real EstateContinue reading “How to invest your money?”