Cybersecurity For Your Business

Don’t make the mistake of assuming that just because you run a small business or don’t collect payment information that your business is safe from hackers. There is a lot of private information available that hackers and thieves can use to make money from, and businesses small and large are targets. Be aware of vulnerabilities in your system and take the steps to address them, before it’s too late. Conduct…  Read more

Federal Budget 2022: What it means for you

Here’s our recap summarising the key points from the 2022 Federal Budget delivered by Treasurer Josh Frydenberg this week. You can also have a read of This article summarising  the “Winners and Losers” A Quick Overview Due to soaring fuel prices, the fuel excise tax will be cut in half, saving motorists 22 cents per litre. Low-and middle-income earners will receive an extra $420 back on their tax returns to…  Read more

Get Ready For Changes to Superannuation from 1 July 2022

There are two important changes to SG Super to be aware of from 1 July 2022 1. Removal of the $450 per month threshold From 1 July 2022, employers in Australia will be required to make super guarantee contributions to their eligible employee’s super fund, regardless of how much the employee has been paid. Currently, employees need to earn a minimum of $450 per calendar month from an employer to…  Read more

Business Update – 18 March 2022

Welcome back to our Business Update! Business Assistance Package for WA Businesses The Level 2 COVID-19 Business Assistance Package is available for businesses in Western Australia most impacted by restrictions. The assistance includes a $66.8 million Small Business Hardship Grants Program, $2.8 million of payroll tax relief for large hospitality businesses, and $2.1 million for a COVID-19 Commercial Sporting Franchises Support Program. COVID-19 Vaccine Claims Scheme The government is developing…  Read more

Business Update – 23 February 2022

Welcome back to our Business Update Bookwiz News After our soft launch in November, Bookwiz Academy is now ready for our next member intake!  If you are a Bookkeeper or Accountant, at any stage of business, come check out Bookwiz Academy HERE.  We still have our Founding Members offer available. As a bonus, today we released our FREE Toolkit “The Three Things You Need toKnow to Attract and Win Your…  Read more

Bookwiz Business Update

Welcome back to our Business Update! What’s been happening at Bookwiz? Welcome to our newest Team Member India!         We would like to extend a warm welcome to our newest Bookwiz team member India.  India has a number of experience working as a Bookkeeper and as an Accountant here in Perth, we know our clients are going to love her! Bookwiz Academy Back in November, we opened…  Read more

Why your business should be looking at E-invoicing

The Australian government has made some important announcements over the past few months with regards to e-invoicing. In the 2021-22 Budget, the government committed $15.3 million to increase the adoption of e-invoicing, which guarantees accelerated payment terms. In this article, we will look deeper into what e-invoicing is and how any type of business can benefit from it. What is e-invoicing? Over 1.2 billion Business to Business (B2B) and Business…  Read more

Business Update – 21 December, 21

Welcome back to our Business Update! Merry Christmas from the Bookwiz Team! The Bookwiz Office will be closing to take a well deserved break with family and friends for the festive season from COB Wednesday 22nd December, and re-opening for normal business activities on 5th January 2022. If you are a payroll client of Bookwiz, we will still have team members around to ensure your employees will be paid.  We…  Read more

Business Update

Welcome back to our Business Update! FBT Implications of Christmas Parties As the end of the year is fast approaching, businesses are getting ready for their Christmas party and are organising gifts for their staff. With this, it’s important to be aware of the fringe benefits tax (FBT) implications of these. Because there is no separate FBT category for Christmas parties, here are some ATO guidelines to keep you on…  Read more

Business Update November 2021

Welcome back to our Business Update FBT Implications of Christmas Parties As the end of the year is fast approaching, businesses are getting ready for their Christmas party and are organising gifts for their staff. With this, it’s important to be aware of the fringe benefits tax (FBT) implications of these. Because there is no separate FBT category for Christmas parties, here are some ATO guidelines to keep you on…  Read more

Business Update 28th October 2021

Welcome back to our Business Update.  Read on for the latest updates and some ideas to help us all move forward. Upcoming Key Dates for October 2021 Here are the upcoming key dates for the month of October: 28 Oct 2021 September quarter Super Guarantee due September quarterly BAS due September quarter PAYG instalment due Skills Shortage After 2 Years of Lockdowns After two years of stop-start lockdowns in the…  Read more

Do You Want To Scale Your Business? Here’s some things to consider…..

If you want your business to grow, at some point you’ll have to think about scaling it. Scaling it isn’t exactly the same as growing it, though they are often used interchangeably. Growth refers to adding resources and increasing your revenue in a linear fashion. You double your number of offices to double your number of customers, for example. Scaling means increasing your revenue without a substantial increase in the…  Read more

Business Update 30 September 2021

We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. Australia Post Pauses Melbourne Parcels Australia Post announced that parcel pickups, collections, and business lodgements would be paused in Melbourne for five days from Friday because of COVID-19 backlogs. Australia Post had already…  Read more

5 Ways to Recover After a Financial Setback

You started your business with plans of earning a living and being successful, but an unfortunate fact of business is that life happens and financial set-backs can occur. Whether those set-backs are pandemic-related or linked to other urgent situations, the effect is still the same. Your finances are negatively affected and it’s up to you to lead the recovery. Here are 5 steps you can take to help your business…  Read more

4 Money Saving Tips for Business Owners

Running a successful business requires you to make smart decisions about everything from who you hire to how you spend your money. There are many legitimate expenses to cover, but it’s easy to overspend in areas that aren’t helping you or your business. Spending wisely is key to owning a sustainable business. Here are four practical money saving tips for business owners. 1. Have a list of all your subscriptions,…  Read more

Business Update

Welcome back to our Business Update! We’re thinking of everyone affected by lockdowns around the country and encourage you to reach out if you have any questions about your business during this time. Read on for assistance that may be available to you. NSW Expands COVID-19 Lockdown New South Wales has expanded the COVID-19 lockdown to include regional areas including Tamworth and Dubbo, and popular tourist spot Byron Bay. The…  Read more

Your End of Financial Year Checklist

The end of the tax year is right around the corner and though you may be dreading 30 June, there are things you can do to feel better prepared and make the most of your tax deductions. Because this year has been different for many people in terms of their employment situation, there are changes to tax reporting that may affect you. Here are some things to know about your…  Read more

Federal Budget 2021: What it means for you

Treasurer Josh Frydenberg has released the 2021 Federal Budget and confirmed Australia’s economy is performing more strongly than was expected six months ago. This article has a summary of the “Winners and Losers” of the Budget and we’ve compiled a recap of the key points below. Get in touch with us if you have any questions. A Quick Overview This budget assumes our international borders won’t reopen until mid-2022. $1.9…  Read more

Business Update – 6 May 2021

Welcome back to our Business Update! WA Small Business Lockdown Assistance Grants Program The Western Australian Government has announced targeted grants to help small businesses affected by the recent lockdown in the Perth and Peel regions. The program will provide grants of $2000 to small businesses in industry sectors most severely impacted. The intention is to help small businesses offset some of the direct costs of the lockdown and business…  Read more

Business Update – 22 April 2021

Welcome back to our Business Update! Australia- New Zealand Travel Bubble Now Open The long-anticipated travel bubble between Australia and New Zealand started on Monday, marking the first step towards the gradual reopening to the rest of the world. Since October, Australia allows New Zealanders to arrive without going into quarantine, but New Zealand has taken a more cautious approach. The start of this travel bubble comes ahead of the…  Read more

Want to grow your business? Our Free Resources will Help