Type of News

Micro Businesses and Single Touch Payroll

By now most people have heard of Single Touch Payroll (STP). If not, it’s a relatively new process that requires businesses to report employee earnings and superannuation to the Australian Tax Office (ATO) each pay period via an online report. This has been rolled out progressively since 1 July 2018 for large businesses, and 1…

Business Energy Advice Program (beap)

Rising energy costs are hurting small businesses across Australia. That’s why the Australian Government is funding two new initiatives, under the Business Energy Advice Program (beap), that aim to help small businesses find energy savings. Whatever business you’re in, their business experts can recommend tailored advice aimed at reducing your energy costs. Whether it’s understanding…

Cessnock businesses optimistic about the future in the shadow of an economic downturn

Lately when you watch the news, or read your news feed, you are bombarded with the prediction of the impending economic downturn, but it seems Cessnock business owners are optimistic about the future.   The recent business survey in the Cessnock LGA shows that our local businesses are largely optimistic about the future of their…

There have been changes to hospitality awards for staff termination pay

Changes to Restaurant and Wine Industry Awards

The Fair Work Commission has announced changes to both the Restaurant and Wine Industry Awards. The changes relate specifically to the timing of final wages and entitlements after termination, which came into effect on 6 September 2019. Restaurant Industry Award changes Casual employees must be paid all money owed at the end of their final…

Working from home or running a home based business – the tax implications

In Australia nearly 1 million people run a business from their home. But how does running a home based business differ from working from home? What does it mean for you in terms of tax deductions and potential capital gains tax?     Running a business from home means you have set up a small…

Retrenching an employee: where can you get help?

Everybody knows someone who has been retrenched. While it can be devastating for the person being retrenched, it can also be an anxious and upsetting time for the manager who has to deliver the news. An Employment Facilitator (EF) for the Hunter region, Warrick Jordan, has been hired by the Australian Government to assist in…

Cessnock retailers fight back against shoplifters

In the current economic environment, achieving a healthy revenue stream has been tough enough without shoplifters eating into your bottom line.   While new figures show Australia has seen a spike in shoplifting, incidents have remained stable in Cessnock but Cessnock Police say any crime is too much. Cessnock Chief Inspector Michael Gorman said there…

Tax apps saving time and money

Keeping track of your finances in a small business can be a full time job. Tools that make this less of a headache can save you time and your sanity at tax time. There are numerous receipt scanning apps out there that can do a range of different things.     Some apps just take…

Debt recovery apps are a low cost way to improve small business processes

Debt recovery app getting results

Cash flow is the life blood of any business, it needs to keep flowing or the business dies. It is estimated that Australian small businesses are currently owed $26 billion dollars. But what can you do to get your overdue accounts paid?       Well there’s an app for everything these days. The debt…

need help to resolve a financial services complaint?

Assisting SMEs with financial services complaints

Small business owners have to deal with a wide range of issues while running a business.  When problems with financial products, services or advice arise they can be time consuming and expensive. The Australian Financial Complaints Authority (AFCA) can help. AFCA is an independent, not-for-profit, non-government organisation. They assist small businesses resolve financial services complaints….

superannuation under the spotlight

Superannuation under the spotlight

The end of the financial year is fast approaching and it’s time to make sure you have all your ducks in a row when it comes to employee superannuation.   In recent months there has been an increase in reports in the media of employers not fulfilling their financial obligations to their staff. This is…

Reduce your business electricity costs

Are you paying too much for electricity? OK, stupid question, but with summer heat poised to increase everyone’s power bill, it might be time to see if you can keep your costs down. The NSW Business Chamber is trying to help businesses, great and small, to reduce the amount they pay for electricity. Compare, switch…