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The Benefits of A Virtual CFO for Small Businesses

September 1, 2016 | Easdowns

In many companies, the chief financial officer (CFO) is usually the person who oversees the management of cash flow and financial risk. Hiring a CFO can cost a lot of money. Fortunately, there is an alternative that small businesses can utilise in place of a full-time CFO: a virtual CFO.

What you need to know about fringe benefits tax

August 18, 2016 | Easdowns

Fringe benefits are additional provisions that are given to an employee outside of their basic salary and entitlements. These can include perks such as use of a car, health insurance, life insurance coverage, employee stock options, discounts and allowances. Offering fringe benefits can help employers attract and retain workers, and is an effective way of keeping employees satisfied with their jobs.


Tips for an Easier Financial Year Ahead

August 4, 2016 | Easdowns

For many small businesses, a new financial year brings with it the promise of a clean slate and a chance for growth and improvement. The new financial year may have already begun, but it’s not too late to implement new financial year resolutions so you can avoid repeating the financial mistakess that you committed last year.

EOFY in Focus: Reviewing your Business Insurance Plan

July 21, 2016 | Easdowns

It’s almost the end of another financial year and your current business insurance plan will expire soon. A lot has happened in the past 12 months and it may have led to significant changes in many aspects of your business, potentially cancelling some of your cover.

So now is the time to ask: Is your current business insurance plan enough?

EOFY Tax Mistakes to Veer Away From

July 7, 2016 | Easdowns

It's almost the end of another financial year, which also means tax compliance. This time of the year can be a challenging time for businesses, and it’s not uncommon for a lot of them to make mistakes when taking care of their end of financial year (EOFY) tax obligations.

 

The great thing is that these can be easily avoided. All you need to do is familiarise yourself with the most common compliance mistakes and know what you need to do.

How to prepare your business for EOFY

June 23, 2016 | Easdowns

The beginning of a new financial year is a great opportunity for your business to start over with a clean slate. But before you move on to the next one, you must first make sure that your business is prepared for the end of the current financial year. This will ensure that all requirements for that year are easily taken care of, and additional paperwork and penalties are avoided.

Ensure You Have Met All Of Your EOFY Obligations

June 9, 2016 | Easdowns

Another financial year is coming to an end, which also means it’s time to evaluate your finances. While this time of the year can be scary for small businesses, it doesn’t have to be.

Superannuation Guarantee Charge: The Cost of Late Employee Super Payments

June 2, 2016 | Easdowns

 

In our previous blog, we discussed Superannuation Guarantee - what it is and how it relates to small business employers. But what happens if business owners fail to comply with quarterly mandatory payments for their employee’s super? Superannuation Guarantee Charge.

SuperStream 101: Important Facts for Employers

May 26, 2016 | Easdowns

Australia’s superannuation system is invaluable, especially as Australians prepare for their retirement. Acknowledging its impact on the lives of Australians, the Australian Taxation Office (ATO) created a process that streamlines the management and payment of super in the form of SuperStream.

Superannuation Guarantee Basics: Paying Employee Super

May 19, 2016 | Easdowns

What is Superannuation Guarantee (SG) and how does it relate to Australian employers?

 

Superannuation Guarantee is the superannuation contribution employers are required to pay on behalf of their employees. Regardless of the size or the nature of the business, employers are obliged to pay employee super on or before the deadlines set by the Australian Taxation Office (ATO).

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