First Class Accounts in North Turramurra, New South Wales, Australia | Financial service

First Class Accounts

Locality: North Turramurra, New South Wales, Australia

Phone: +61 431 809 002

Address: PO Box 3063 2074 North Turramurra, NSW, Australia

Website: www.firstclassaccounts.com/gordon

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25.01.2022 JobKeeper keeps on iteratively morphing and reshaping as we roll through this pandemic of ours. Its not exactly easy, even for the keen observer, to keep track of exactly what the deal is at any particular moment. Lets comb through the most recent JobKeeper announcements and determine what it was, and where it currently stands.

25.01.2022 #Jobkeeper and #Jobmaker have presented some solutions for the #workforce impacted by #COVID19, but what about the #business community? The Government has recently updated measures to help #businesses that have a #commericallease. This includes temporary holds on evictions and a mandatory #CodeOfConduct for commercial tenancies to support #SMEs affected. The code and its principles will be implemented and regulated by your relevant state or territory, you can check them here:

24.01.2022 In these tough economic times, small businesses will live and die by their ability to adapt to new conditions. So what lessons can we learn from the sectors that are continuing to sell?

24.01.2022 In a #postcovid economy everyone is understandably anxious about their #spending habits and it's no different for #smallbusiness owners. Understanding your #cashflow, and defining what is truly important for your business, is key to getting through this difficult time.

23.01.2022 "Busy, so busy! Its the default response for many of us when asked how were doing. But more often than not, come the end of the day, we have little to show for all of that busy-ness. However, being time-poor is usually a reflection of being decision poor. Here are ten high-quality decisions you could be making to not only get from time poor to time rich, but get more meaningful work done.

23.01.2022 Hustle culture demands businesses to always be operating at full throttle, and the business owners almost never get a chance to take a step back and rethink the strategies by which their organisations are driven. But COVID-19 has given many Australian and New Zealand-based small businesses no choice but to reflect on the fundamental elements of their offerings and take their existing strategies back to the drawing board to come up with ways to improve.

23.01.2022 What if you could re-think your offering under current constraints, to remain competitive? What if you could create better experiences and new products for your customers? Maybe it's time to turn those ‘what ifs’ into ‘can dos’ by applying creative thinking techniques and building a culture of innovation.

23.01.2022 Crises, whether financial, ecological or epidemic, are a recurring fixture in our lives, but living and working in such an environment can feel like drifting at sea. But management experts suggest such powerlessness is just an illusion. While we cannot control the macroeconomic tides the stimulus bills, economic policy decisions, and trade negotiations we do have the power to affect change within our organizations. For the 90% of small businesses reporting a negative downturn due to the COVID-19 pandemic, now is not the time to sit back and drift. Instead, you must take control of what you can and guide your course as you are best able. Because even simple actions can have outsized effects, building resilience, adaptability, and performance.

23.01.2022 A new report by Deloitte, The Ethical Advantage, shows that when a #business makes great ethical choices, it boosts a return on assets by 7%. We know that ethical failure costs businesses money, causes a loss of trust and is damaging to their #brand. But what are the actual economic benefits of ethical best practice? What else can we gain by being more ethical as a nation? #SmartCompany talks with #businessleaders about when their businesses have behaved ethically they have also made a profit, and more than that, they have enhanced their reputation and built trust with their stakeholders.

22.01.2022 When was the last time you checked in on yourself? If you're feeling a burnout is on the way (possibly heightened by the #pandemic) now is a good time to get your life back in balance and keep it that way. #FlyingSolo speaks with Mindset and Business Coach, Janelle Briggs, on how to recognise #burnout and #howto manage it:

22.01.2022 Here are some great tips on how to help out your fellow small business owners when you can't be there in person!

21.01.2022 For most of us, Sundays are for sleeping in and going slow. But if youre business coach and founder of Big Ideas Rural Tori Kopke, they're also the best day of the week to tackle a to-do list - and it's a sure fire way to make Mondays easier...

21.01.2022 The trades and construction sector is gearing up for an economic boost in the second half of this year as the Governments HomeBuilder stimulus and other targeted initiatives begin to take effect. Here's how to make sure you get paid faster to keep your cash flowing!

20.01.2022 In the past ten years, the gig economy has grown to become a rock-solid fixture in Australia’s workforce and it shows no sign of slowing. Here's what you need to know:

19.01.2022 The pandemic has changed the way we think about supply chains, in particular the chains that feed our need for food, medical supplies, and defence equipment. This article raises some interesting points on 'on-shoring' and why diversifying your supply chains is a good idea.

18.01.2022 Its been a few months since the world was thrown into crisis. Some businesses have collapsed and suffered, while others have adapted and transformed. So can businesses not only survive this crisis, but emerge stronger, more sustainable and better prepared for future challenges? If quality data, efficient accounting workflows and ongoing collaboration between owners, bookkeepers and accountants are all present, then the answer just might be yes...

18.01.2022 #PSA for all #NSW #business owners. Penalties for #payroll #taxavoidance are set to rise five-fold (400%) as the @NSWGovernment looks to crack down on wage theft. NSW Minister for Finance and Small Business Damien Tudehope says It will allow Revenue NSW to name taxpayers who have avoided payroll tax on underpaid wages and will also allow Revenue NSW to disclose information to the Commonwealth Fair Work Ombudsman to assist in its wage theft investigations."

18.01.2022 Many small businesses are looking for ways to bounce back and beat the obstacles that 2020 has thrown at them. But how can you feel confident in your next step? Here are some tips for strategically investing in your business amid the pandemic.

18.01.2022 #2020 is coming to an end, so now it's time to think about #cashflow moving into the New Year. Do you have the knowledge to build solid cash flow for down times and a post COVID plan? This will ensure your #business is ready for whatever comes your way. Whether it's this sustained environment of #lockdowns and re-openings or having an idea of what your business recovery may look like. Whatever happens out in the world, having a cash flow forecast is crucial for planning your business future.

18.01.2022 Back in December we shared with you that #SmartCompany had stopped their annual Smart50 Awards, recognising the fastest-growing SMEs across the country, and replaced it with the first-ever SmartCompany Resilience Awards. The winners have now been revealed and it's great to see what these companies have done to not only survive #2020 but thrive. Well done to all businesses who were nominated and kudos to the judging panel who had a tough choice announcing only one winner per category.

17.01.2022 Due to the unusual conditions of late, its fair to say that the end of financial year has crept up on many business owners, adding even more stress to a difficult situation. Thankfully, working from home wont impair your ability to prepare for End of Financial Year (EOFY). Whether its better utilisation of technology, exploring supplier relations, or taking advantage of quiet time, read on to learn a few great tips to help you stay on top of the EOFY from the comfort of your own home.

17.01.2022 Here's a great summary on Jobkeeper 2.0 and what it means for small business. If you have any questions, be sure to get in touch and we can work out what's best for your business.

16.01.2022 How do you test your customers experience? And do you use experimentation as part of your #customerexperience #strategy? Companies like #Amazon and #Facebook are world leaders in it but it is also perfect for #smallbusiness. #Experimentation means constantly testing and altering the way your business responds to customers in order to enrich their experience and grow your customer base.

16.01.2022 Small business owners have done an amazing job adapting to the changes demanded by COVID-19. Here's a great story on how even essential service industries have had to adapt and change to carry on in this new world.

15.01.2022 Do you have #apprentices or #trainees who work for your #business? You may be eligible for a wage subsidy of 50% of an apprentice or trainee’s wage as part of the #JobTrainer package from the Australian Government. #COVID19 #WorkSupport

14.01.2022 Recent months have presented an extraordinary challenge for small retailers via a global pandemic that few couldve comprehended and even fewer couldve prepared for. But light is appearing at the end of the tunnel. As Australia tentatively and carefully reopens, retailers should be planning for how theyll approach the post-lockdown retail landscape.

14.01.2022 No-one, and particularly time-strapped #businessowners, want to spend their #Xmas holidays chasing invoices. We all want to use our time to get products on (and quickly off) the shelves so we can kick back and relax over the Xmas week with mulled wine and warm mince pies. So how can you make the best of your time during this important #shopping holiday? ... Well, optimising your payroll is where you need to start: See more

14.01.2022 New research from MYOB shows 50% of the small business community are facing COVID-induced mental health challenges. Flying Solo editor Lucy Kippist speaks with Smiling Mind Lead Psychologist, Mike Hines to discover how we can turn this statistic around and safeguard our mental health during COVID

14.01.2022 #WorldMentalHealthDay, which was on the 10th October 2020, gave the opportunity for us all to reflect on what a difficult and unprecedented year #2020 has been. It's also important though, to focus on #mentalhealth in the long term. It’s estimated that 45 percent of Australians will experience a mental health condition in their lifetime, with the most common being anxiety and depression. So maybe spend some time reflecting on what your #business can do for its employees, an...d the community at large, to be part of this conversation. #Xero has compiled some tools and resources available in your region:

13.01.2022 Im spending so much time working IN my business, I dont have time to work ON my business. Sound familiar? Its one of the most common experiences of people running a business, and its being felt more than ever in 2020. Here are some tips on overcoming money fears and blocks and putting a continuity plan in place to achieve your long-term aspirations.

12.01.2022 Tracking expenses is a crucial part of any small businesss financial and administrative governance. Here are three ways to simplify the process.

12.01.2022 Social distancing guidelines in Australia have made it clear that cash is no longer king. Instead, cashless payment systems such as credit cards and mobile phones are confidently overtaking cash as a preferred payment method for many during the pandemic. Whether you welcome them or not, cashless payments are going to continue to play a big role in Australia in the coming months, but this then begs the question: is the rapid adoption of cashless payments a response to the pandemic, or a move that we were always going to make?

11.01.2022 For the most part, bigger businesses have taken the pandemic as an opportunity to invest and in some cases grow. But as the knock-on effects of the pandemic begin to hit, managing costs by seeking operational efficiency will be of increasing importance. If you havent started already, now is the time to manage costs and take a close look at your operational efficiency.

11.01.2022 Some great tips from our friends at Reckon on how to recognise and combat burnout during COVID-19. Small business owners are under so much stress, and if you can't take time off, it's really important to at least take care of yourself.

11.01.2022 Owning a #smallbusiness earns you a wealth of #knowledge. Wealth that is not just limited to the business world, owning a business also helps you to develop as a human being. If you could give your younger self some advice, what would it be and why? #ROI #Investment #Passion #Risk

10.01.2022 Potentially some good economic news from Chief Economist at Betashares, David Bassanese

09.01.2022 Invoicing is a key part of #smallbusiness and it causes the greatest amount of stress for business owners as it can impact #cashflow. So can you improve how you manage your invoice payments? Absolutely, and it's not as complicated as you may think. Graham Bowers from #MYOB looks at, as there is no holistic framework offered, how businesses must determine for themselves how best to use the systems on offer.

09.01.2022 As Victoria battles through another round of lockdown, other states are slowly trying to return to normal. In short, it's an unpredictable time. But for states with easing restrictions, more people are returning to work. For many, this is a significant and potentially anxiety-inducing step. As a business leader, its important that everyone on your team feels comfortable about the return to work. As well as making the workplace physically safe, supporting the mental wellbeing of staff as they return is equally important. Here are some of our tips to help you determine the right way to open your working space.

09.01.2022 Industrial relations changes have been critical in helping small business employers keep their doors open and staff on their payroll throughout the pandemic. Now that JobKeeper is being extended for another six months, Employsure, Australias largest workplace relations advisor, are welcoming an extension to the IR changes, so that business owners can keep people in work and aid the recovery of the Australian economy...

09.01.2022 Casual workers have borne the brunt of COVID-19 job losses and some have even been blamed for helping spread the disease within workplaces. So, does this mean we need wholesale reform of the employment system, or, outside of our pandemic circumstances, is the system largely working?

09.01.2022 #Covid set #smallbusiness many challenges but one of the key ones was #howto create, and maintain, a connected business during a #pandemic and what does the future hold if #workfromhome becomes the #newnormal? #MyBusiness along with Vicky Skipp, head of APAC at #Workplace from #Facebook have produced this excellent #podcast exploring this. How have you handled connectivity, as a #businessowner, with your employees?... #RemoteWork #BusinessCulture #Workforce

08.01.2022 According to ACCCs agency Scamwatch, scammers have used the threat of COVID-19 to prey on vulnerable people across Australia. Approximately over $1.3m in losses have already been reported, as a result of COVID19-themed scams. An important method of self-protection is to be aware of how they operate and to stay informed on the variety of deceitful approaches:

08.01.2022 What will the workplace of the future actually look like..?

07.01.2022 #COVID is forcing many businesses to #pivot their #strategy, including determining whether or not to offer new products and create better experiences for their #audience. But how? How do you step outside your #comfortzone and allow yourself to think creatively, especially as a risk-averse small business? #BusinessChicks offer some great ideas in this piece on what it takes to transform your #business. From re-framing problems into opportunity to allowing space for collaborative creativity in your business this is a great short read:

07.01.2022 In 2019, one in two small business owners reported that they had to chase 40 % of their invoices. Maintaining positive cash flow is key to survival, so ensuring you get paid for services rendered is vital. Debt recovery can seem daunting, so here are three key steps small business owners should follow when looking to chase a payment.

07.01.2022 One of the big lessons of 2020 has been the need to have a robust business continuity plan in place. This learning has become all the more pertinent in light of the fast-moving nature of lockdown restrictions, which can change from one week to the next. Nobody could have expected this chain of events that 2020 has thrown at us so far, and here's why planning in business - even for the unexpected - is always a good idea.

06.01.2022 A business that was once competitive and successful may no longer be sustainable long term. Were living in a savage setback era. But the recovery period is in action for many. Now, learning to future-proof your work is one of the most valuable assets. So how do you think critically about the future of your business? Heres how to create a structure that adapts well to change and stands the test of time.

06.01.2022 Surviving as a small business can be tough at the best of times but thanks to COVID our everyday has become even more challenging. With so many of us slowly building our businesses back to life how can we put our best financial foot forward? In this podcast Flying Solo editor Lucy Kippist is joined by Joann Chung, head of product and finance at MYOB to discuss how to boost cash flow.

04.01.2022 ATO assistant commissioner Karen Foat has confirmed that sole trader clients on JobKeeper will now need to manually include those payments on their tax returns as it will not be pre-filled.

04.01.2022 Sometimes it's good to be reminded of the basics when it comes to preventing cyber crime. It's easy to get complacent and assume it will never happen to you, so the ATO has prepared 6 simple ways you can protect your business.

04.01.2022 Home alone, out of work, or always dreamed of testing your entrepreneurial skills? Here is food for thought for those willing to take calculated risks and seize opportunities.

04.01.2022 Some changes happen seemingly overnight, others snap into place after months and years of progress. When we look back on 2020, it will almost seem like both kinds of change happened at once; so have our usual metrics of a productive worker changed forever?

04.01.2022 Almost every money problem or crisis is made harder or easier depending on how well you have been managing your money. Here's how to make the very real shift from flying blind to having complete visibility and control over your money.

02.01.2022 The increasing preference for contactless payments during the COVID-19 pandemic might be here to stay. So what digital payment options does your business have in place?

02.01.2022 If 2020 has taught us anything, it's that e-commerce can connect communities and keep small businesses afloat in times of isolation. Not convinced..? Well research by Deloitte, produced in partnership with Australia Post, found that non-store revenue from additional online activity has increased between $105,000 and $708,000 for the average small business. And, Australian businesses that invested in e-commerce have seen more positive impact than those that didn’t...

02.01.2022 Whether you're a #SoleTrader looking to improve your business finances or just starting out in #SmallBusiness, understanding #cashflow statements should be top of your priorities list. #MYOB covers all you need to know about cash flow statements and how to make the most of them for your business.

01.01.2022 MYOB has a great breakdown on what JobKeeper 2.0 means for sole traders. Your Bookkeeper is always here to answer your questions as well!