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In today’s rapidly evolving business landscape, the role of bookkeeping has undergone significant transformation. Gone are the days of manual ledgers and tedious paperwork. With the advent of advanced technology, businesses are embracing digital solutions to streamline their financial processes. Among these solutions, Xero stands out as a leading platform for efficient bookkeeping. Traditional Bookkeeping…
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Even though Fringe Benefits Tax (FBT) is designed to capture benefits enjoyed by an employee, it is levied on the employer. Unless your employment agreement allows for any FBT that becomes payable to be recouped from the employee, the employer will have no recourse for reimbursement. So, why should an employer lodge an FBT return…
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The information overload is real. The ramifications of Covid-19 on businesses are being felt and speculated upon every minute of each day – probably leaving you feeling like a rabbit caught in the headlights. Here’s eight simple words also beginning with C to help clarify your vision. 1. Cash. It’s the oxygen for your business,…
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Employee or Contractor
I can understand during difficult economic times that business owners search for ways to reduce their costs and outgoings, but when those decisions affect others detrimentally, that’s when I get cranky. Recently I had a phone call from a client who had been retrenched six months ago. Although this man is very skilled and talented,…
