The Hedgehog Concept

Keeping with my theme of blogs; Fish, Eat the Frog, Sacred Cows, and Mice in Who Moved My Cheese, I thought it appropriate to discuss the “The Hedgehog Concept”. For those of you that have read “Good to Great’ written by Jim Collins, you will be aware of this concept. It refers to the tale […] Read More

Are you ready for the Single Touch Payroll deadline?

For small businesses with 19 or fewer employees, Single Touch Payroll (or STP) became a requirement from 1 July 2019, with a three-month transition period granted to get STP up and running. Larger businesses with 20 or more employees were required to start from 1 July 2018. The three-month transition period for small businesses is […] Read More

Tax time is coming! Tips for rental property owners.

As we get ready to kick off the 2019 tax return season, now is a good time to look at some of the things we need to prepare your tax return. Here are some things for rental property owners to consider this tax time. I’ve purchased a property this year, what do I bring? The […] Read More

New Long Service Leave Rules

The Long Service Leave Act 2018 (Victoria) came into effect on 1 November 2018. It brings some important changes that employers need to be aware of: 1. Entitlement to LSL Previously employees were entitled to LSL after 10 years of continuous service with one employer. Entitlement to take LSL is now down to 7 years. If […] Read More

Can You Keep Your Cool in a Falling Stock Market?

It seemed timely that I recently read another excellent article by Bruce Jackson (formerly of the Motley Fool but now from The Capital Club) in relation to falling and volatile stock markets.  This article was written on October 12 2018. In the last few weeks, world markets have experienced some wild swings which naturally tests […] Read More

FISH!

FISH! You may ask what the #!$@ do fish have to do with an accounting firm? Fish is in fact the name of a best selling business book – by Stephen C Lundin Ph.D, Harry Paul and John Christensen – a powerful parable that will help you love the work you do – even if […] Read More

The Rule of Three

Looking back through blogs I have written in the past and recently being reminded of the rule of three, I thought it appropriate to revisit this view. I recall reading two articles in relation to how to perform better in business. Both articles listed 7 techniques/attitudes each to assist you in performing better in your […] Read More

Business losses to scams up 23%

According to the ACCC’s ninth annual Targeting Scams Report released on 21st May 2018, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting Network (ACORN) and other federal and state based government agencies 2017. Total losses reported were $340 million – a $40 million increase compared to 2016. Investment scams […] Read More

Dual Cab Utes – the ATO is on the lookout

Dual cab utes have become very popular over recent years – and sales are booming.  One reason is that due to the general improvement of dual-cab utes, including the size and comfort of the vehicles, many business owners are purchasing these vehicles for use as a family vehicle to go to the beach, tow caravans […] Read More

Secrets to get you on the path to profit

Just read a great blog on the 3 tips to get you on the path to profit.  I must say that it is interesting that it referred to 3 tips. I remember attending a session and there was an ex US Marine presenting. He referred to the rule of three.  That is we cannot concentrate […] Read More