Payday Super - Outline
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What is Superannuation and what are the upcoming Payday Super changes employers need to know about?
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myGovID is Now myID
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MyGovID has transitioned to myID. While the app’s name and appearance are new, its functionality and security remain the same. Discover what’s stayed consistent, how to avoid scams during this transition, and where to find more information.
Read MoreWhat Are Fair Work Requirements?
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Learn about Fair Work requirements, including pay, conditions, enterprise agreements, and bargaining. Discover new resources from the Fair Work Commission (FWC) and Ombudsman to help employers and employees navigate workplace laws confidently.
Read MoreHave a Wonderful Holiday Break
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As QiBalance Bookkeeping wraps up a busy 2024, we wish everyone a joyful and relaxing holiday break. Our office will close on December 24 at 5:00 PM and reopen on January 6 at 9:00 AM. During this time, we encourage you to reflect on the past year and start planning for a successful 2025 - we're here to help with budgets and bookkeeping when you’re ready!
Read MoreThe Festive Season: Tax Rules and Deductions Explained
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Plan your festive season with confidence. Learn about tax rules for business parties, gifts, and Fringe Benefits Tax exemptions to ensure compliance while celebrating.
Read MoreSimplifying workplace changes: The Small Business Peak Program
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Stay ahead of workplace changes with the Small Business Peak Program, brought to you by COSBOA and funded by the Australian Government. This program provides small business employers with plain English resources, downloadable toolkits, and step-by-step guides to navigate industrial relations changes like wage updates, casual employment laws, and superannuation requirements. Simplify compliance and access free, instant information to make managing your workplace easier.
Read MoreInstant Asset Write-off is now 2024 law
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Eligible small businesses can take advantage of the Instant Asset Write-Off (IAWO) for 2024, allowing full deductions on assets under $20,000. QiBalance Bookkeeping ensures accurate record-keeping and tracks eligible purchases to maximise your tax benefits. Learn how IAWO can provide immediate tax relief and optimise your business outcomes.
Read MoreSmall Business: Resilience in Tough Times
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Did you know 43% of small businesses didn’t turn a profit last year? With rising operational costs, resilience is essential for sustainability. Our latest blog covers essential financial strategies to help your business stay strong, from managing cost increases to mastering your breakeven point. Whether you’re a startup or established, these insights could make all the difference.
Read MoreThe Importance of Source Documents
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Source documents – receipts, invoices, credit notes, bank statements, remittance advice, loan documents, insurance payment schedules and so on – are a central component of accurate bookkeeping.
Read MoreCyber Security and Scam Awareness: Safeguarding Your Information
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The Australian Taxation Office (ATO) has observed an increase in scams that target individuals’ Personally Identifiable Information (PII). Learn how to protect your Personally Identifiable Information (PII), get essential tips on identifying and avoiding scams, and discover how QiBalance Bookkeeping can help you safeguard your data.
Read MorePayroll Tax: Why do we have it, and what does it do?
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If you employ in Australia, and your total wages paid or payable is over a certain threshold, you may be required to pay payroll tax. Find out how much your business might be liable in this blog post.
Read MoreThe Right to Disconnect Explained
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If you are an employer or plan to employ in future, the ‘right to disconnect’ is something that could impact you. Find out your rights and obligations under this new legislation.
Read MoreIs Your Business Keeping Good Records?
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Maintaining accurate and complete records is important for the success and sustainability of your business. Proper record keeping practices are not only essential for compliance but also serve as the backbone of informed decision making and financial stability.
Read MoreRecruitment - Backing Yourself
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Recruitment can be a challenging process, but knowing yourself, understanding what you want, and being clear about the outcome can lead to successful hiring and a harmonious work environment. Celebrate yourself and your achievements along the way, as they are the milestones that mark your journey.
Read MoreSetting Goals for the New Year
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Many small business owners find the new year a motivating time filled with goal setting, vision making, and all the best laid intentions.
And once the routine of business and life is back in effect, those goals and visions often seem hard to reach.
Here’s a comprehensive guide to help business owners establish meaningful financial goals and strategies for the new year.
Read MorePaid Parental Leave Has Been Expanded
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In an effort to close the gender pay gap, increase women's workforce participation, and provide families with more flexibility during their children's formative years, the Paid Parental Leave (PPL) system will be increased from 18 weeks to 26 weeks over the course of the next four years.
Read MoreHow To Start A Small Business In Australia: Part Two
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Looking to start a small business in Australia? Learn the introductory details about financial management, tax and legal business compliance, and how to keep your business safe.
Read MoreTime Management: 10 tips for making the most out of your work day
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Feeling like you don’t have time to read this blog? Then this one is for you!
Today, I’m diving deep into time management and sharing with you my top 10 takeaways from both the Time Management Tools course and my own experience.
Read MoreHow To Start A Small Business In Australia: Part One
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Learn how to start a small business in Australia from identifying whether you are ready for business, right through to the beginning tax and legal implications.
Read MoreAdding Value
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I am always looking for opportunities to recycle, reuse and revalue in my home and business. What started as a simple paper recycling process led me to pondering the value our employees hold and the importance of staff retention.
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