As many of you may have heard already, the ATO is currently rolling out their Single Touch Payroll (STP) reporting system. All businesses will be required to report each payroll run to the Tax Office. Businesses with 20 employees or more are already on this system, and smaller businesses will need to be STP compliant by 1 July 2019.
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5 Ways Your Business Will Benefit from Working with a Virtual CFO
It’s a popular catch phrase in business coaching and consulting circles – “work on your business, not in it”. As any of us who have been in business a while, that is far easier said than done. But, as your business grows, you will need access to higher level financial expertise.
Don’t be one of the many businesses held back because you don’t have access to professional expertise in house. If your business isn’t yet in a position to employ a full-time Chief Financial Officer (CFO) then outsourcing to a virtual CFO is a great solution. Here are just some of the ways you and your business will benefit.
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When you hate your business
Or….when work-life balance doesn’t balance
I have a good friend – let’s call him Andrew. He’s been self employed for maybe 15 years now in a creative and demanding profession he has always loved, and is extremely talented at. He is currently going through what is probably the worst case of burn out I’ve ever seen.
Compulsory Two-Step Authentication Coming Soon
Today Xero notified all advisers that all Xero users will be prompted to set up Two-Step Authentication (2SA) by Friday November 23, 2018. This is in response to the ATO mandate earlier this year.
Most cyber attacks are easily avoided
No one wants to think about cybersecurity, but the reality is that one in four small businesses experienced a cyber attack or hacking attempt in Australia and New Zealand in 2017*. Nearly all data breaches start with compromised passwords – and can be easily avoided.
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