Insights

With extensive media coverage over the last couple of months around staff underpayments and some of Australia’s largest companies declaring their errors – we at DFK Everalls have had several small businesses come to us, seeking advice. Many are c…

Over the years, payroll systems have increased in sophistication, with exciting new security features. Unfortunately, people continue to find new ways to commit payroll fraud. At Books and Bas, we want our clients to have peace of mind, knowing they …

On 18 September 2019, the Government reintroduced legislation to establish a one-off amnesty for historical underpayment of superannuation guarantee (SG). The Bill incentivises employers to come forward and do the right thing by their employees by pa…

The introduction of Single Touch Payroll (STP) this financial year is a game changer. It’s an important shift in the way businesses report to the ATO. Employers with 20 or more employees should have been using STP since 1 July 2018 unless they had …

Inventory is the biggest cost facing many businesses. But what is it, exactly? We look at the many forms inventory accounting takes and explain how it can help you save – and make! – money. What is inventory? Inventory is the items that y…

Bank reconciliation is a way to double-check your bookkeeping. You do it by comparing your business accounts against your bank statements. Both sets of records should agree with each other. If not – you need to figure out why! The purpose of ba…

How do you measure the success of your business? How do you find out where it’s performing well and where there’s room for improvement? KPIs (Key Performance Indicators) can help you. Here’s how they work. Using KPIs can give you be…

Franchises are built on proven concepts, with market-tested products, and they often come with business systems that make administration straightforward. S0 – there’s a lot to like. But there are also risks to consider. Here’s some things t…

Sick of spending all your spare time creating invoices? Let’s help you get your weekends back. Construction invoice apps simplify the process and take away a lot of the hassle. And – help get you paid sooner! Construction and trade invoic…