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What is happening at KR Accounts?
Superannuation Rate Rise
Blog Superannuation Rate Rise The superannuation guarantee statutory rate has remained at 9.5% since July 2014. However, plans have been in place for some years
Superannuation Changes
Blog Superannuation Changes In addition to planning for the expected statutory super rate rise to 10.5%, some employers need to prepare for a significant change
Director ID Requirements
Blog Director ID Requirements What is a Director Identification Number? During 2021, the government initiated a new system that attaches a unique identifying number to
Are You Putting Your Professional Development First?
Blog Are You Putting Your Professional Development First? Without the 360 degree feedback and annual reviews, that employees get in a corporate business, entrepreneurs can
Inspirational Podcasts
Blog Inspirational Podcasts Podcasts are often on our list of things to do, but for many business owners, there are often not enough hours in
Director Penalty Law Extended to GST
Blog Director Penalty Law Extended to GST Director penalty notices (DPNs) have existed for some years now to recover unpaid PAYG withholding and superannuation. This
Cashflow and Cost Control
Blog Cashflow and Cost Control More than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode.
Create a Cash Flow Forecast for your Business
Blog How to Create a Cash Flow Forecast for your Business A cash flow forecast is an important tool for business planning. And right now,
Preparing for Returning to Business
Blog Preparing for Returning to Business In the context of the Covid-19 outbreak, the duty to remove or minimise health and safety risks in your
Recession-Proof Your Retail Business
Blog Recession-Proof Your Retail Business The world is going through some crazy times. Whether you’re still selling online, doing click and collect, or not selling
Managing Change In Business
Blog Managing Change In Your Business Research by Kotter International found that more than 70% of change projects within a business fail. Why is this?
Lessons Learned In Lockdown
Blog Lessons Learned In Lockdown Lockdown has been (and remains) a tough time for business. Having to shut your business at short notice, or switch
ATO Supporting Businesses
Blog ATO Supporting Businesses The ATO have committed to helping businesses during this difficult time stating “Once you contact us, we’ll tailor a support plan
Banks & Borrowing
Blog Banks & Borrowing Unsecured Business Loans Recently the Government announced that they were working in co-operation with banks to provide unsecured loans up to
Apprentices & Trainees
Blog Apprentices & Trainees The Government is supporting small businesses to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of
Instant Asset Write Off
Blog Instant Asset Write Off Due to the Corona Virus epidemic, the instant asset write off has been increased from $30,000 to $150,000 for businesses
PAYGW Credits
Blog PAYGW Credits The Government has announced that there will be Pay As You Go Withholdings credits available to businesses with a minimum value of
COVID-19 – Updates and All The Information
Blog COVID-19 Here you can find all the information about the changes in business due to COVID-19 (corona virus). Click the images to read the
JobKeeper Payments
Blog JobKeeper Payments Firstly, it is important to note that these JobKeeper payments are not yet law, it is likely to become law, but there
COVID-19 Advice for Employers
Blog COVID-19 Advice For Employers The Covid-19 local and global situation is changing daily and the impact on business, and particularly employers is now a
Understanding Who Your Customers Are
Blog Understanding Who Your Customers Are Successful businesses really understand their customers. Knowing your target audience is half the battle when it comes developing successful
Set the Right Growth Goals
Blog Set the Right Growth Goals for Your Business If you’re going to grow your company in the right way, pinning down your goals and
Remote Working
Blog Remote Working 70% of professionals work remotely at least once a week, according to a study by serviced office provider IWG. Remote working has
10 Steps to Achieving Balance This Holiday Break
Blog 10 Steps to Achieving Balance This Holiday Break It’s that time of year again when most of us are winding down and heading off
Understanding Your Balance Sheet
Blog Understanding Your Balance Sheet To understand the financial position of a business at a specific point of time, look at the balance sheet. The
Understanding your Profit and Loss Statement
Blog Understanding Your Profit and Loss Statement Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes
Why you must set SMART goals
Blog Why you must set SMART goals You’ve probably heard of SMART goals and, spoiler alert, they’re not rocket science… but they do work. SMART
Planning for Seasonal Dips in Income
Blog Preparing for Seasonal Dips in Income Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways
Be, Do, Have
Blog Be, Do, Have Our success in life depends largely on our mindset. Those who wait until conditions are perfect are unlikely to achieve their
Strategy for a Financially Stress-Free Holiday Period
Blog Have you got a strategy for a financially stress-free holiday period? Christmas holiday breaks are a time to spend with family, friends & have
Here’s How to Know When It’s Time to Hire a Bookkeeper
Blog Here’s How to Know When It’s Time to Hire a Bookkeeper Having trouble with your bookkeeping? As your business grows, they’ll be a time
How productive are your business meetings?
Blog How productive are your business meetings? However big or small your company, business meetings are likely to be an inevitable and regular part of
Making data meaningful for your business
Blog Making data meaningful for your business Three steps to ensuring data is meaningful for your business Raw data describes the facts and figures that
Finding your work-life balance
Blog Finding your work-life balance Looking for a little more work-life balance? Sometimes it seems impossible when you are in the thick of it. The
Collect your debtors faster
Blog Collect your debtors faster Did you know that you still have to pay tax on your debtors, even if you haven’t yet collected them?
Successfully implement and embed change in your business
Blog Successfully implement and embed change in your business Eight ways to successfully implement and embed change in your business Research by Kotter International found
How to regain control of your business
Blog How to regain control of your business Not all business owners want to grow their business. Some may just want more control. Afterall, your
Supercharge your business & improve business performance
Blog Supercharge your business and improve business performance Here are ten ways to make sure that you continue to drive through each business quarter with
Get strategy at the heart of your successful business
Blog Get strategy at the heart of your successful business Businesses that have clear objectives or goals, robust accountability and a shared sense of purpose
8 Reasons Why Small Business Bookkeeping in Brisbane is So Important
Blog 8 Reasons Why Small Business Bookkeeping in Brisbane is So Important Businesses are slated to spend $20.3 billion on payroll and bookkeeping by the end
Delighting your customers for better referrals
Blog Delighting your customers for better referrals The most simple and cost-effective way to grow your business is so often overlooked; happy customers become your
P is for Purpose, not Profit
Blog P is for Purpose, not Profit Why does your business exist? Your purpose is roughly three to seven words explaining why your business exists
Keeping on top of overdue accounts
Blog Keeping on top of overdue accounts How long do your customers take to pay you? A Xero Small Business Insights report showed that late
Are you playing the Growth Game?
Blog Are you playing the Growth Game? What’s your business growth looking like and where were you 12 months ago compared to today? If you
Looking at a Franchise?
Blog Looking at a Franchise? If you’re thinking about taking on a franchise, I recommend that you ask yourself the following questions to check the
The pros and cons of hiring an independent contractor
Blog The Pros and Cons of Hiring an Independent Contractor Whether it’s for a couple of weeks or a few months, hiring a contractor could
Five Reasons to Use Job Costing Software
Blog Five Reasons to Use Job Costing Software For a lot of clients, doing job-costing calculations takes hours on spreadsheets and there’s a lot of
Apprenticeship Programmes Are Good For Business
Blog Apprenticeship Programmes are Good for Business The benefits of giving an apprenticeship include hiring someone with enthusiasm and a fresh perspective, creating social good,
Keeping Your Tax and Expenses in Check When You Are Self-Employed
Blog Keeping Your Taxes and Expenses in Check When You Are Self-Employed Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping
Developing a Smooth Recruitment Process
Blog Developing a Smooth Recruitment Process Done right, recruitment means a stronger team and an even better work day. New team members can bring a