BKSP Blog
Check out some great articles and blog posts from the team at Bookkeeper to the Smart People
Disaster Assistance for North QLD
Disaster Assistance Loans and Essential Working Capital Loans are now available for businesses in Burdekin, Cairns, Cassowary Coast, Hinchinbrook, Palm Island, Townsville, and Yarrabah local government areas.
New Fair Work Resources
To support employers and employees, the FWC, in partnership with the FWO, has launched new online resources to simplify the complexities of workplace laws.
The Right to Disconnect
New amendments have been introduced by Fair Work: Employees are not required to monitor, read, or respond to employer or work-related contact out of hours…
Criminalisation of Intentional Wage Underpayments
As of 1 January 2025, intentional underpayment of wages by employers is now a criminal offence. The offence only applies to intentional underpayments that happen after these provisions take effect…
Preparing for Holiday Business Shutdown
The holiday period can bring unique responsibilities. During the holidays, diverse work arrangements and employee leave schedules can create complexities in your business…
myGovID Update: What You Need to Know
Australia’s trusted government digital identity service, myGovID, is getting a new name: myID. This change, rolling out soon..
Navigating to Success: A Guide to Strategic Business Planning
Whether you’re embarking on a new entrepreneurial journey or steering an established business through the ever-evolving landscape, the importance of proactive bookkeeping and planning cannot be overlooked. Any time is the perfect time to look into the future, set...
The Value of Cyber Security in your Business
Empower Your Business with a Cyber Warden: Protecting Against Digital Threats In today’s digital age, cyber threats are a growing concern for small businesses. With 43% of cyber-attacks targeting small enterprises and each breach costing an average of $46,000, the...
Financial Strategies for Small Business Resilience
Strategies for Small Business ResilienceA Bookkeeper's Crucial RoleAs small businesses experience cost escalations while running a business, bookkeepers play a crucial role in proactively preparing and equipping you with essential financial strategies to navigate cost...
Beware – Scam Emails & Texts
There has been a noticeable increase in scam emails targeting individuals across Australia. These emails are becoming more sophisticated, often mimicking the look and feel of legitimate communications from trusted institutions…
Scams are on the Rise
Last year, the ATO saw an increase in reports of scams targeting people’s PII, including myGov sign-in credentials…
Are your Business Records Compliant?
Proper business record keeping practices are not only essential for compliance but also serve as the backbone of informed decision making and financial stability.
Fair Work: Changes to Casual Employment
🚨Upcoming Changes to Casual Employment Laws including:
– New definitions for casual work
– Pathways to permanent employment
– Responsibilities for both employees and employers
Director ID & Penalties for not Applying
The Australian Business Registry Services (ABRS) continues to engage with directors who haven’t met their obligations, and if you are a director of an organisation that has yet to apply for a Director ID, you may be contacted…
Understanding Your P&L
Do you know how to read your P&L?
Mastering the art of reading P&L reports is crucial for making informed business decisions and driving financial success…
Simplify your Payment Process with Pinch
Are you tired of spending endless hours managing invoices and chasing payments? As bookkeepers, we understand the frustration that comes with manually processing payments and constantly following up on overdue invoices.
Emergency Management for Businesses
With the recent QLD storms and flooding on the forefront of our minds, it is more important than ever to organise an emergency management plan for your business.
GST Compliance and Your Business
Understanding and managing GST is crucial for businesses operating in Australia. If your business is GST Registered, it becomes your responsibility to collect an extra 10% from your customers and remit it to the ATO.
New Rules for Fixed Term Contracts
Fixed term contract employees are employed on a contract that terminates at the end of a set period. From 6 December 2023, there are new rules that apply.
PAYG Instalment Methods
There are two primary methods to calculate and pay PAYG Instalments: Instalment Amount and Instalment Rate. Choosing a suitable method depends on various factors…
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