Big ideas for small business.
April 5, 2018
3 Steps business owners need to take to be STP ready
First off, what is Single Touch Payroll? Single Touch Payroll (STP) is (another) government initiative that will change the way to report your payroll to the ATO from 1 July 2018. STP businesses will electronically report salary and wages, pay as you go (PAYG) withholding and superannuation directly to the Australian Taxation Office (ATO) at […]
November 15, 2017
Your Business Is Not An Atm: 7 Reasons Why You Should Pay Yourself A Regular Wage
Remember when you were still working for “the man”? Your wages would land in your bank account every payday, and then you’d do your best not to spend it all before the next one was due. And if you did run out of money, the only way to get more was to ask friends or […]
January 27, 2017
Are You Our Next Superstar Accountant?
Uncomplicated Accounting – it sounds more like the name of a band than a way of life for a business. But that’s exactly what we pride ourselves on. We’re on the lookout for a superstar accountant who is organised, confident, tech savvy, outgoing and proactive to join our team in Randwick – Sydney’s Eastern Suburbs. […]
July 6, 2016
Name Your Price: Hourly Rate vs Fixed-Price vs Value-add Billing
We’ve just had a meet and greet with a new client—a masseur who wanted to talk about her business structure. She’s a great lady, and super smart. So when she told us why she wanted to change accountants, her reasoning really stuck with me. Apparently her previous accountant wasn’t a fan of email, and liked […]
June 15, 2016
Planning on selling a property worth $2 million dollars or more? You need a clearance certificate.
There are new rules to prevent foreign residents avoiding tax when they sell Australian property that will affect everyone buying or selling Australian property with a market value of $2 Million or more from 1 July 2016. SELLING A PROPERTY: From 1 July, a 10% withholding tax will apply when foreign residents sell certain types […]
May 30, 2016
Get Surfing: 4 Steps For Checking Financial Documents (And Why It’s So Important)
In my last post I explored some of the inner workings of financial institutions that give rise to errors. Errors and omissions happen all the time, and can’t be avoided completely. But you can form habits to minimise any errors or omissions in financial documents that affect us—whether they’re our fault or someone else’s. Financial […]
May 9, 2016
I Agree. or Do You? The traps of failing to read the fine print when signing legal agreements
“The big print giveth and the small print taketh away.” This quote personifies the frustration a lot of people experience when reading and signing important documents. And in the end they do the same thing they do with software licence agreements: ignore everything and click ‘I agree’. But while this saves them time, signing documents […]
March 24, 2016
Paperless Offices and Polar Bears: 5 Simple Steps We Took to Go Paperless
I have a confession to make: I’m a closet Pinterest user. Usually, all my boards are private, but one I pin to regularly is called ‘Dream Office Space’. It has pictures of offices with pristine desks and shiny new MacBooks. And all the plants are still alive and kicking. In reality our plants are overwatered, […]
March 11, 2016
Rental Property Deductions you Can Claim on your Tax Return: 5 Take Away Tips
Accounting and tax. It’s important stuff, because you needlessly waste money if you don’t get it right. But it can get complex. That’s why one of our mantras here is to keep it as simple and crystal clear for you as possible. It’s also why we created Can I claim that?, a regular series where […]
December 14, 2015
Small Business Accounting Tools: Meet Receipt Bank
As small business accounting professionals, we’ve seen it all. We’ve encountered more receipt horror stories than the Kardashians have selfies on Instagram. When you’ve worked in accounting and bookkeeping for as long as The Orbit Group team have, you’ve pretty much seen all kinds of receipt snafus. Receipts have a hard life. They end up […]
December 7, 2015
Five Minutes with General Manager, Kate Barnett
Grab a coffee and let’s sit down with one of the faces of The Orbit Group. This time, it’s time to get up close with General Manager, Kate Barnett. Why did you get into accounting?Initially I was just working with Greg to develop the Orbit brand and look and feel. And then, well, it was […]
December 1, 2015
Are You Ready For Superstream?
“What is SuperStream?” We hear you ask. “What about an Electronic Service Address? What does that mean for me?” “USI? What USI?” No, a SuperStream isn’t a great salmon fishing ground. And no, we’re not suggesting death by acronym. If you’re running a small business with employees, we’re about to make answering these questions easier. […]
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