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Blog Updates from Gold Group Consulting

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Reducing the average time-frame on payments, for your business will help with your overall business health. Start with a straight forward system, clear credit terms and good communication with customers. 

Are you feeling like a slave to your business? GetInTouch - we can help you regain control of your business using the three tools every business must have: A Business Plan, an Annual Forecast and Accountability. It’s best practice in business.

It can be a big decision to commit to having a new member on the team but the right person will help drive your business forward or give you more time in your day. We can help you identify the costs when you are ready to expand.

Is your small business registered for GST? You might not be entirely confident of your projected earnings, so it’s fine to hold off until you’re sure you’ll hit the threshold. But remember to monitor your profit closely so that you don’t pay extra.

Not sure what an accountant can do for your business? Well, the right accountant will do a lot more than just help with your tax returns! Your accountant should be a trusted business advisor, helping you lead with more confidence.

Xero will soon start making two-step authentication (2SA) compulsory for all business clients, just as it has for accountants. There is now an opt-in period which has begun for subscribers and Payroll administrators and will be mandatory by September 11. By the end of this year, every user with access to Xero in Australia will be required to take up 2SA.

SINGLE TOUCH PAYROLL REPORTING

The A.T.O’S introduction of the Single Touch Payroll Reporting (STPR) is set to streamline the way employers report some tax and superannuation information to the A.T.O.