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iKeep Blog

Insights for ambitious business owners.

Practical insights on bookkeeping, payroll, compliance and cash flow to help you stay ahead.

281 articles

$15.3 Million in Penalties for Sushi Restaurant Chain and Director for Serious Breaches
Bookkeeping

$15.3 Million in Penalties for Sushi Restaurant Chain and Director for Serious Breaches

A director and CEO of a group of four sushi restaurants, operating across New South Wales, the ACT, and the Northern Territory (Sushi Bay Group), has been hit with a $1.6 million penalty by the Federal Court of Australia

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$20,000 Instant Asset Write-Off: Common Mistakes to Avoid
Bookkeeping

$20,000 Instant Asset Write-Off: Common Mistakes to Avoid

The $20,000 instant asset write-off is back—but many SMEs use it wrong. Learn how to avoid costly mistakes and make smarter business decisions.

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Make this part of your 2022 New Financial Year Resolutions
Bookkeeping

Make this part of your 2022 New Financial Year Resolutions

Are you like most that are still trying to stick to the New Year resolutions that weren't met last year? This year, we suggest doing things differently...

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2026 Budget Tax Changes Explained for Businesses and Investors
Tax & Compliance

2026 Budget Tax Changes Explained for Businesses and Investors

The 2026 budget tax changes introduce proposed changes to trusts, capital gains tax, negative gearing and small business concessions. Here’s what businesses and investors should prepare for now.

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2026 Wage Increase Australia Starts 1 July: Is Your Business Ready?
Payroll

2026 Wage Increase Australia Starts 1 July: Is Your Business Ready?

The 2026 wage increase Australia takes effect on 1 July. Learn how the new wage rates will impact payroll, cash flow, profitability and compliance.

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3 Reasons Start-Up Founders Should Outsource Their Bookkeeping
Bookkeeping

3 Reasons Start-Up Founders Should Outsource Their Bookkeeping

Discover why start-up founders should outsource bookkeeping. Learn about cost savings, time management, and the financial insights a professional bookkeeper can bring to help your business thrive.

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3 Tips for Finding a Reliable Bookkeeping Service
Bookkeeping

3 Tips for Finding a Reliable Bookkeeping Service

Discover 3 essential tips for finding a reliable bookkeeping service. Learn how to vet candidates, ask the right questions, and ensure quality service to manage your business finances effectively.

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3 Must Have Xero Add-ons
Software

3 Must Have Xero Add-ons

Explore the impact of cloud accounting on my life and business. Uncover my top three tools that enhance efficiency and simplify financial management.

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$4 million penalties against restaurant and management for “a calculated scheme to rob employees
Tax & Compliance

$4 million penalties against restaurant and management for “a calculated scheme to rob employees

A landmark ruling by the Fair Work Ombudsman has resulted in a substantial $4 million in court-ordered penalties against the former operators of three

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4 Top Benefits of Hiring a Virtual Bookkeeper
Business Growth

4 Top Benefits of Hiring a Virtual Bookkeeper

With a virtual bookkeeper a small businesses can limit their overhead, outsourcing their accounting and bookkeeping tasks and save heaps.

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FWO Recovers $447K in Unpaid Wages for Brisbane Food Workers
Payroll

FWO Recovers $447K in Unpaid Wages for Brisbane Food Workers

The Fair Work Ombudsman recovered $447,339 for 365 Brisbane food workers after uncovering 86% non-compliance in fast-food and café inspections. Discover key findings, fines, and compliance tips.

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5 Principles for Financial Success
Bookkeeping

5 Principles for Financial Success

We have worked with many businesses from a range of industries. Good insights on common principles that are shared by all successful businesses.

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5 Surprising Benefits of Payroll Outsourcing in 2025
Payroll

5 Surprising Benefits of Payroll Outsourcing in 2025

In this article, we will explore the benefits of payroll outsourcing in 2025. We will discuss the often-overlooked advantages that can transform your business

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5 Tips to Start the New Financial Year Strong: Achieve Your Business Goals
Tax & Compliance

5 Tips to Start the New Financial Year Strong: Achieve Your Business Goals

Kickstart the new fiscal year with these 5 practical tips for financial success. Learn how to manage tax liabilities, forecast expenses, review finances, and set achievable goals for a prosperous year.

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6 Essential Housekeeping Tips for End of Financial Year Success
Payroll

6 Essential Housekeeping Tips for End of Financial Year Success

Prepare for the end of the financial year with these 6 crucial housekeeping tips. From employee details to payroll reconciliation and STP classifications, streamline your processes and ensure compliance.

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7 Crucial Tips To Help Small Businesses Thrive
Software

7 Crucial Tips To Help Small Businesses Thrive

When you first start a small business, the idea of everything being on your own is really appealing. But as the business grows, it can be hard to keep up with

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7 Payroll Hiring Mistakes SMEs Make and How to Avoid Them
Payroll

7 Payroll Hiring Mistakes SMEs Make and How to Avoid Them

Avoid costly payroll hiring mistakes. Discover 7 common errors SME owners make when hiring for payroll — and how to hire smarter.

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8 Tips for COVID Lockdown
Cash Flow

8 Tips for COVID Lockdown

NSW businesses will now receive up to $10,000 per week under a new support measure modelled off cash flow boost payment, Prime Minister Scott Morrison.

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iKeep
Tax & Compliance

85 Degrees Franchisor Fined $1.44 Million for Compliance Failures

The Fair Work Ombudsman (FWO) has successfully imposed penalties amounting to $1.44 million on the franchisor of the '85 Degrees' brand in Australia.

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9 Key Questions to Ask Your Advisor Before EOFY
Tax & Compliance

9 Key Questions to Ask Your Advisor Before EOFY

Prepare your business for EOFY and beyond with these 9 essential questions to ask your advisor. From tax-saving tips to business efficiency strategies, set the stage for success in FY22.

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A year in business
Bookkeeping

A year in business

When running a business, it’s important to regularly keep track of how your business is going. As a business owner, there are a variety of financial reports and statements you can use to track your business.

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AI and Cybersecurity: The Future of Bookkeeping is Here
Bookkeeping

AI and Cybersecurity: The Future of Bookkeeping is Here

Discover the future of bookkeeping and how AI and cybersecurity are transforming financial management while protecting sensitive business data.

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AI-Powered SMEs Are Growing 2.8x Faster: Why Australian Businesses Are Still Holding Back
Business Growth

AI-Powered SMEs Are Growing 2.8x Faster: Why Australian Businesses Are Still Holding Back

AI-powered SMEs are growing 2.8x faster, yet many Australian businesses are still delaying adoption. Learn what’s holding SMEs back and how to take action.

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AI & Technology Disruption in Australian Business
Tax & Compliance

AI & Technology Disruption in Australian Business

AI & Technology Disruption is reshaping Australian businesses. Learn how to adopt AI strategically while maintaining compliance, financial clarity, and operational control.

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Announcing our Environmental Partnership with Clima: Our Commitment to a Sustainable Future
Bookkeeping

Announcing our Environmental Partnership with Clima: Our Commitment to a Sustainable Future

What is Clima?

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Annual Payroll Tax Reconciliation: Here’s What It Means for You
Payroll

Annual Payroll Tax Reconciliation: Here’s What It Means for You

Payroll tax often flies under the radar for small and growing businesses - but if your wage bill is creeping toward the state-specific threshold, now is the

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ATO Compliance: What Small Business Owners Are Getting Wrong (and How to Stay Off the Radar)
Tax & Compliance

ATO Compliance: What Small Business Owners Are Getting Wrong (and How to Stay Off the Radar)

ATO compliance tightening in 2025? Learn the most common mistakes Australian small businesses make — and practical steps to stay compliant without stress.

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ATO Cracks Down on Businesses Failing Super Guarantee Payments
Payroll

ATO Cracks Down on Businesses Failing Super Guarantee Payments

The Australian Taxation Office (ATO) has issued a stern warning to businesses failing to meet their superannuation guarantee (SG) obligations, emphasising

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ATO Impersonation Scam: How to Spot and Avoid Tax Time Fraud
Tax & Compliance

ATO Impersonation Scam: How to Spot and Avoid Tax Time Fraud

ATO impersonation scams are surging at EOFY. Learn how to spot fake ATO messages, protect your business, and verify communications safely.

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iKeep
Payroll

ATO payment plan

ATO payment plans let you pay tax debts in instalments. Learn how to apply, avoid penalties, and stay compliant with BAS, tax, and super obligations.

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ATO Prepares Super Funds and Businesses for Payday Super Implementation
Payroll

ATO Prepares Super Funds and Businesses for Payday Super Implementation

The Australian Taxation Office (ATO) has urged superannuation funds and businesses to prepare for the upcoming payday super rollout, emphasizing the need for

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ATO Urges Workers to Claim $17.8 Billion in Lost Super
Payroll

ATO Urges Workers to Claim $17.8 Billion in Lost Super

ATO Urges Workers to Claim $17.8 Billion in Lost Super

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Australian Businesses Call for Action on Red Tape Burden as Costs Hit $160bn
Tax & Compliance

Australian Businesses Call for Action on Red Tape Burden as Costs Hit $160bn

Australian businesses call for action on red tape burden as compliance costs hit $160bn, placing increasing pressure on SMEs, productivity and cash flow.

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Australian Stimulus Package 2020: Comprehensive Business Support Guide
Tax & Compliance

Australian Stimulus Package 2020: Comprehensive Business Support Guide

Explore the Australian Government’s $189 billion stimulus package, including PAYG refunds, apprentice subsidies, tax deferrals, and state-specific business support to navigate COVID-19 challenges.

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Australian Workers Back-Paid $473 Million in Record Year for Wage Recoveries
Payroll

Australian Workers Back-Paid $473 Million in Record Year for Wage Recoveries

In 2023-24, Australian workers recovered $473 million in unpaid wages, with the Fair Work Ombudsman holding major employers accountable. Discover key highlights and future compliance plans.

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AustralianSuper Fined $27M for Failing to Merge Member Accounts
Payroll

AustralianSuper Fined $27M for Failing to Merge Member Accounts

AustralianSuper, Australia’s largest superannuation fund, has been ordered to pay a $27 million penalty after the Federal Court found it failed to merge

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Australia Minimum Wage Increase 2025: What SMEs Must Know
Payroll

Australia Minimum Wage Increase 2025: What SMEs Must Know

From 1 July 2025, minimum wages rise by 3.5%. Learn what SME owners need to do now to stay compliant and manage payroll changes.

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Australia’s New Wage Theft Laws: What Employers and Payroll Managers Must Know
Payroll

Australia’s New Wage Theft Laws: What Employers and Payroll Managers Must Know

Learn about Australia's landmark wage theft laws introduced in 2025. Employers and payroll managers must act now to ensure compliance and prevent significant penalties.

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Avoiding Common Payroll Mistakes in Australia
Payroll

Avoiding Common Payroll Mistakes in Australia

Managing payroll in Australia is a challenging task, requiring compliance with a complex framework of federal and state regulations, detailed award systems, and evolving legal requirements.

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Why DIY Payroll Fixes Don’t Work for SMEs
Payroll

Why DIY Payroll Fixes Don’t Work for SMEs

Payroll problems in small businesses can spiral fast. Learn why DIY fixes often fail — and how to protect your team.

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Bank Reconciliations
Cash Flow

Bank Reconciliations

Learn how bank reconciliations help manage cash flow, detect errors, and ensure accurate financial records in your business using Xero and best practices.

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Benefits of Hiring a Bookkeeper for Your Business
Payroll

Benefits of Hiring a Bookkeeper for Your Business

Discover why hiring a bookkeeper is essential for your business. Learn how a professional bookkeeper can handle compliance, cash flow, payroll, and financial accuracy, saving you time and money.

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Best Bookkeeping Software for Small Business
Software

Best Bookkeeping Software for Small Business

Choose the right accounting software to save time & money. Here are our top picks for the best bookkeeping software for small business.

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Best Cashflow App For Your Business
Cash Flow

Best Cashflow App For Your Business

With these cashflow manager apps let your bookkeeper keep the score of how your business is performing, while the business owner juggle cashflow.

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Bookkeeping Companies That Offer Room For Growth
Business Growth

Bookkeeping Companies That Offer Room For Growth

As businesses grow, their bookkeeping needs also tend to grow. At the same time, many small businesses don't have the resources or expertise to handle more

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Bookkeeping Services
Bookkeeping

Bookkeeping Services

On-Demand Accounting and Bookkeeping Services for Small Businesses. The Benefits of Small Business Accounting and Bookkeeping Services.

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Bookkeeping Services for Accountants – Freeing you up
Bookkeeping

Bookkeeping Services for Accountants – Freeing you up

Accountants need support! Often, we see teams juggling between different projects simultaneously and spend too much time in cleaning up the books.

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Bookkeeping Services For Small Businesses
Bookkeeping

Bookkeeping Services For Small Businesses

Bookkeeping services in Sydney, Australia are now being used by more businesses. And the demand for bookkeeping services has increased.

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Bookkeeping Services For Small Businesses: What Options Are Available?
Bookkeeping

Bookkeeping Services For Small Businesses: What Options Are Available?

Keeping track of your business finances can be a daunting task, but with the help of the right bookkeeping services, it can be made much easier. In this

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Importance Of Bookkeeping Services In Starting Up A Business?
Bookkeeping

Importance Of Bookkeeping Services In Starting Up A Business?

Bookkeeping services are essential for any business, as they help keep track of financial and other data. In addition, bookkeeping can help you determine how your business is performing and make necessary adjustments.

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Important Aspects of Bookkeeping
Bookkeeping

Important Aspects of Bookkeeping

Bookkeeping isn't just for larger businesses with teams of employees, it's essential for entrepreneur who handles their own accounting needs. 

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Building Wealth as a Business Owner
Bookkeeping

Building Wealth as a Business Owner

After the success of our first event we would like to invite you for our second 2022 Lunch Series: Building Wealth as a Business Owner.

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Bullying Prosecution Results in Conviction and Fine for Company and Director
Bookkeeping

Bullying Prosecution Results in Conviction and Fine for Company and Director

Bullying Prosecution Results in Conviction and Fine for Company and Director

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Business Cash Flow Management in 9 Easy Steps
Cash Flow

Business Cash Flow Management in 9 Easy Steps

Questions to ask your accountants before year end and how to build a long lasting relationship of trust with your financial advisors.

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Business Confidence in Australia Dips Despite Strong August Conditions
Business Growth

Business Confidence in Australia Dips Despite Strong August Conditions

Business confidence in Australia dips slightly despite strong economic conditions, leaving leaders cautious even amid steady growth and employment gains.

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Managing Business Expenses in the Cloud
Software

Managing Business Expenses in the Cloud

With technology and software the way it is these days, it’s easier than ever to do away with the administrative headache a paper trail can bring.

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Can You Save Money with Payroll Outsourcing? Here's How
Payroll

Can You Save Money with Payroll Outsourcing? Here's How

Payroll outsourcing refers to the process of hiring a third-party service provider to handle various payroll functions, including processing employee

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Cash Flow Problems for Australian Small Businesses: How to Regain Control Before They Escalate
Cash Flow

Cash Flow Problems for Australian Small Businesses: How to Regain Control Before They Escalate

Cash flow problems for Australian small businesses are becoming increasingly common — even for businesses that look busy and profitable on the surface.

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Cashflow Boost Returns for NSW
Cash Flow

Cashflow Boost Returns for NSW

NSW businesses will now receive up to $10,000 per week under a new support measure modelled off cash flow boost payment, Prime Minister Scott Morrison.

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iKeep
Bookkeeping

Casual Conversion Changes Effective 26th August 2024

Currently, casual employees who have worked for their employer for 12 months with a regular pattern of hours must be offered the option to convert to

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Changes to ATO Interest: What SMEs Need to Know
Tax & Compliance

Changes to ATO Interest: What SMEs Need to Know

Starting 1 July 2025, interest charged by the ATO will no longer be tax deductible. This includes:

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iKeep
Payroll

Changes to Breaks Between Work Periods in the Retail Award

The Fair Work Commission has updated the Retail Award regarding the pay rate for employees who do not receive the minimum break between shifts.

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Choosing The Right Accounting Software
Software

Choosing The Right Accounting Software

Choosing the right accounting software can impact your business in a positive way saving you a lot of time and money so you can focus on your Business.

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Closing Loopholes: Fair Work Act Amendments
Bookkeeping

Closing Loopholes: Fair Work Act Amendments

The 'Closing Loopholes' legislation, initiated in December 2023 and continuing through to August 2025, brings significant changes to the Fair Work Act. Key

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Closure Countdown – annual leave and shutdown rule changes
Bookkeeping

Closure Countdown – annual leave and shutdown rule changes

With Christmas less than 90 days away, employers should be turning their mind to planning and confirming their Christmas/New Year shutdown arrangements.

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Benefits of Moving to the Cloud
Software

Benefits of Moving to the Cloud

The cloud we’re speaking of is not blue with clouds… It is a platform that allows for your data to be accessible online anytime, anywhere, from any device!

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Don't Cloud Your Judgement
Software

Don't Cloud Your Judgement

The cloud we’re speaking of is not blue with clouds… It is a platform that allows for your data to be accessible online anytime, anywhere, from any device!

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Coles to Repay $1.5 Million in Long Service Leave Underpayments
Payroll

Coles to Repay $1.5 Million in Long Service Leave Underpayments

Australian supermarket giant Coles has committed to backpaying more than $1.5 million in unpaid long service leave (LSL) entitlements to 10,698 current and

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Commission Upholds Dismissal of Underperforming Employee
Bookkeeping

Commission Upholds Dismissal of Underperforming Employee

Managing underperformance can be challenging, especially when an employee shows some improvement but still fails to meet the expected standards. In a recent

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Commonwealth Bank Fined $36k for Failing to Pay Long Service Entitlements
Cash Flow

Commonwealth Bank Fined $36k for Failing to Pay Long Service Entitlements

The Commonwealth Bank, a major private employer with a $9.5 billion profit last year, appeared in the Melbourne Magistrates’ Court after a successful case by

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Court Stern Warning to Employers on Preventing Underpayments
Tax & Compliance

Court Stern Warning to Employers on Preventing Underpayments

The Federal Court of Australia has imposed record penalties of $10.34M on CBA and CommSec for Fair Work Act violations, including underpayments affecting 7,400 employees. Learn the key lessons for employers to ensure compliance.

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Court Temporarily Reinstates Employee Pending Adverse Action Claim
Bookkeeping

Court Temporarily Reinstates Employee Pending Adverse Action Claim

Learn about a Federal Court decision temporarily reinstating an employee dismissed just before the end of their probation period, exploring general protections under the Fair Work Act.

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How to Create a Budget for Your Business: A Step-by-Step Guide
Cash Flow

How to Create a Budget for Your Business: A Step-by-Step Guide

Learn how to create a business budget that empowers financial success. From understanding profit and loss to balance sheets and forecasts, get tips for effective budgeting and strategic growth.

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Criminal Wage Theft Penalties: What SMEs Need to Know
Payroll

Criminal Wage Theft Penalties: What SMEs Need to Know

Criminal wage theft penalties are now in force. SMEs must understand compliance requirements to avoid fines, legal action, and reputational damage.

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Cyber Attacks Hit Australian Super Funds, $500,000 Stolen from Members
Payroll

Cyber Attacks Hit Australian Super Funds, $500,000 Stolen from Members

Several Australian superannuation funds have been targeted in a wave of suspected cyber attacks, with members of one major fund losing a combined $500,000 in

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Cybersecurity Risks for SMEs
Tax & Compliance

Cybersecurity Risks for SMEs

Cybersecurity risks for SMEs are rising in Australia. Learn how to protect your business from cyber threats, avoid costly breaches, and stay compliant in 2026.

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Franchisee to Pay $305,000 in Damages for Sexual Harassment Claim
Tax & Compliance

Franchisee to Pay $305,000 in Damages for Sexual Harassment Claim

The Federal Court of Australia (FCA) ordered the operator of a former Mad Mex franchisee to pay $305,000 in damages for sexual harassment claim.

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The Danger of Using ChatGPT for Payroll Advice: A Risk SMEs Can’t Afford
Payroll

The Danger of Using ChatGPT for Payroll Advice: A Risk SMEs Can’t Afford

Using ChatGPT for payroll advice can be risky for SMEs. Using AI for payroll could lead to costly mistakes, compliance breaches, and penalties.

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Director Penalty Notices (DPNs): What Australian Business Owners Need to Know in 2026
Tax & Compliance

Director Penalty Notices (DPNs): What Australian Business Owners Need to Know in 2026

Director Penalty Notices (DPNs) can make business owners personally liable for tax debt. Learn how DPNs work and how to reduce your risk in 2026.

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Director to Repay $150K in Unpaid Wages - What SMEs Must Learn from This
Payroll

Director to Repay $150K in Unpaid Wages - What SMEs Must Learn from This

A recent case involving the former director of a now-liquidated IT company has reignited the spotlight on wage compliance, and it serves as a serious warning

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Don't Break The Bank: These 6 Bookkeeping Services Near Me Can Do More For Your Bottom Line
Bookkeeping

Don't Break The Bank: These 6 Bookkeeping Services Near Me Can Do More For Your Bottom Line

The concept of bookkeeping as a profession is something that has been around since ancient times. However, with advances in technology and the need for more

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Don’t Hire a Bookkeeper Until You Read This Essential Guide!
Business Growth

Don’t Hire a Bookkeeper Until You Read This Essential Guide!

Hiring a bookkeeper can be the most important decision you will make in your business. Ask yourself the following 2 questions.

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iKeep
Payroll

Eagers Automotive Limited Companies Back-Pay $16 Million and Sign Enforceable Undertaking

Australia's largest car dealership business, Eagers Automotive Limited (EAL), has back-paid over $16 million, including interest and superannuation, to staff

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Employee or Contractor? Key Payroll Considerations
Payroll

Employee or Contractor? Key Payroll Considerations

Correctly distinguishing between an employee and a contractor is crucial for payroll professionals. Misclassification can lead to serious legal and financial

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Employee Rostering System That Works: Simplify Scheduling
Payroll

Employee Rostering System That Works: Simplify Scheduling

Streamline staff scheduling with the right rostering software. Automate shifts, timesheets, and pay calculations while managing everything remotely. Discover how Xero Payroll makes rostering easy and efficient.

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Employer Liable for Workers’ Compensation Despite Employee’s Subjective Perceptions
Bookkeeping

Employer Liable for Workers’ Compensation Despite Employee’s Subjective Perceptions

Explore the NSWPIC ruling in Goodacre v Trafx Pty Ltd [2024], highlighting employer liability for workplace bullying and harassment under workers’ compensation laws. Learn the implications for psychological injury claims and employer responsibilities.

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Employers' Guide to the Closing Loopholes No.2 Act: Part Two
Bookkeeping

Employers' Guide to the Closing Loopholes No.2 Act: Part Two

Recently, on 26 February 2024, the Federal Government enacted the second phase of the Closing Loopholes amendments through the Fair Work Legislation Amendment

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Employer’s Hybrid Work Policy Upheld: Fair Work Commission Ruling on Workplace Flexibility
Bookkeeping

Employer’s Hybrid Work Policy Upheld: Fair Work Commission Ruling on Workplace Flexibility

Discover how the Fair Work Commission upheld an employer’s hybrid work policy in a recent case, confirming that reasonable workplace return expectations don’t constitute forced resignation.

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Employment Hero CEO Raises Concerns Over Proposed Super Advertising Ban
Payroll

Employment Hero CEO Raises Concerns Over Proposed Super Advertising Ban

Employment Hero CEO Ben Thompson has voiced concerns over the federal government’s proposed partial ban on superannuation advertising, arguing it could

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iKeep
Bookkeeping

Ending an Employee’s Notice Period: Key Legal Implications and Best Practices

Learn the legal and practical considerations of ending an employee’s notice period early, including key insights from the Egginton v Focus (NSW) Pty Ltd case and advice for employers.

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Enterprise Agreement Pay Rates – What SMEs Need to Know
Tax & Compliance

Enterprise Agreement Pay Rates – What SMEs Need to Know

When you have an enterprise agreement in place, it’s important to remember that the base rate of pay in that agreement can never be lower than the base rate

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EOFY 2026 Record Keeping: Avoid ATO Scrutiny with This Checklist
Tax & Compliance

EOFY 2026 Record Keeping: Avoid ATO Scrutiny with This Checklist

EOFY 2026 record keeping is more important than ever in 2026. Stay compliant, avoid ATO scrutiny, and prepare for year-end with this practical EOFY checklist.

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FY2021 Super Planning: Maximize Your Tax and Retirement Benefits
Payroll

FY2021 Super Planning: Maximize Your Tax and Retirement Benefits

Prepare for the end of the financial year with our FY2021 super planning checklist. Learn how to maximize contributions, reduce taxes, and optimize retirement strategies before June 30.

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Everything You Need to Know About Bookkeeping: A Complete Guide
Software

Everything You Need to Know About Bookkeeping: A Complete Guide

Discover what bookkeeping is, the role of a bookkeeper, essential qualifications, and top accounting software in Australia. Learn how bookkeeping supports business success.

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Fair Work changes to overtime and penalty rates for professional employees
Bookkeeping

Fair Work changes to overtime and penalty rates for professional employees

As the Australian workplace continues its trajectory of adaptation and evolution, the Fair Work changes to overtime and penalty rates represent a significant

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Federal Budget 2025–2026: Key Takeaways for Australian Businesses
Bookkeeping

Federal Budget 2025–2026: Key Takeaways for Australian Businesses

Typically delivered in May each year, the 2025–2026 Federal Budget was brought forward and handed down on 25 March 2025 by Treasurer Jim Chalmers. This budget

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Federal Budget 2020-21 Highlights: Superannuation & Business Updates
Payroll

Federal Budget 2020-21 Highlights: Superannuation & Business Updates

Discover key Federal Budget 2020-21 updates, including superannuation changes, tax cuts, investment incentives, and first home buyer benefits. Learn how these proposals impact businesses and individuals.

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Federal Court Ruling Highlights Employer's Failure to Pay Annual Leave Entitlements
Tax & Compliance

Federal Court Ruling Highlights Employer's Failure to Pay Annual Leave Entitlements

Learn about the Federal Court of Australia's landmark decision on an employer's failure to pay a worker's accrued annual leave entitlements. Understand the legal repercussions, the importance of compliance with the Fair Work Act, and the penalties imposed.

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Federal Government Business Funding Australia: $6.15bn Fast‑Tracked for SMEs
Bookkeeping

Federal Government Business Funding Australia: $6.15bn Fast‑Tracked for SMEs

Federal government business funding Australia ramps up with $6.15bn allocated for SMEs. Understand the funding changes and opportunities for your business.

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7 Reasons to Fire Your Bookkeeper
Bookkeeping

7 Reasons to Fire Your Bookkeeper

It's time to change your bookkeeper if you can't get clear reports or an efficient accounting process in your business. Outsource your Bookkeeping.

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Quickbooks ProAdvisor Gold Bookkeepers
Software

Quickbooks ProAdvisor Gold Bookkeepers

Looking for a Intuit Quickbooks Proadvisor Bookkeeping Services in Australia? iKeep has recently attained Gold Status ProAdvisor. Book a call today.

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Five Essential Payroll Strategies for 2025 | Ross Heron, Australian Payroll Association
Payroll

Five Essential Payroll Strategies for 2025 | Ross Heron, Australian Payroll Association

Discover five key payroll strategies for 2025 to navigate evolving regulations, embrace technology, and enhance employee experience. Insights from Ross Heron, CEO of the Australian Payroll Association.

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FWC Rejects Constructive Dismissal Claim: Why “Mutual Agreement” Matters for SMEs
Bookkeeping

FWC Rejects Constructive Dismissal Claim: Why “Mutual Agreement” Matters for SMEs

FWC rejects constructive dismissal claim, reinforcing why mutual agreement and clear communication matter for SMEs facing unfair dismissal risks.

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FWC Rules Employee’s Inaction Justified Dismissal
Bookkeeping

FWC Rules Employee’s Inaction Justified Dismissal

In Australia, strict employment laws dictate that individuals can only work if they are Australian citizens, permanent residents, or hold a valid visa with

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FWC Rules Increased Travel Time Makes Role Unsuitable for Redeployment
Bookkeeping

FWC Rules Increased Travel Time Makes Role Unsuitable for Redeployment

The FWC rejected a redundancy pay reduction request, ruling that increased commuting time made the redeployment role unsuitable. Learn about the factors influencing “acceptable employment” under the Fair Work Act 2009.

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FWC Supports Small Business That Dismissed Employee Over Refusal to Provide Medical Clearance
Bookkeeping

FWC Supports Small Business That Dismissed Employee Over Refusal to Provide Medical Clearance

A recent Fair Work Commission (FWC) decision has highlighted how small business employers can lawfully dismiss an employee who refuses to provide medical

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iKeep
Tax & Compliance

GST Implications of Using Digital Currency as Payment

As cryptocurrencies gain wider acceptance, their convenience and efficiency have become increasingly attractive to enterprises of all sizes.

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Hairdressing Salon Operators Face Court Over Alleged Unpaid Compensation
Tax & Compliance

Hairdressing Salon Operators Face Court Over Alleged Unpaid Compensation

The Fair Work Ombudsman has initiated legal proceedings against the operators of two hairdressing salons in western Sydney for allegedly failing to comply

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Hamilton Island Operators Sign Enforceable Undertaking
Tax & Compliance

Hamilton Island Operators Sign Enforceable Undertaking

The operators of Hamilton Island in Queensland have back-paid staff over $28.1 million and entered into an Enforceable Undertaking (EU) with the Fair Work

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Happy Employees Make Happy Customers
Payroll

Happy Employees Make Happy Customers

How happy employees make happy customers? Keeping your employees happy starts with running your payroll correctly.

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Have you moved to a Cloud Accounting software?
Software

Have you moved to a Cloud Accounting software?

Discover the benefits of cloud bookkeeping with iKeep. Access your financial data anytime, anywhere, and streamline your business operations effortlessly.

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Hire a Bookkeeper: How Xero Bookkeeping Can Transform Your Business
Cash Flow

Hire a Bookkeeper: How Xero Bookkeeping Can Transform Your Business

Discover how Xero bookkeeping can streamline your finances, save time, and boost profitability. Learn about its powerful features, integrations, and expert support tailored for small businesses.

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How Does Your Business Compare? Use the ATO Benchmarks to Find Out
Tax & Compliance

How Does Your Business Compare? Use the ATO Benchmarks to Find Out

Running a small or medium-sized business can often feel like you're navigating without a map. You’re making decisions on staffing, pricing, and expenses -

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How Melbourne's Economy Shapes Bookkeeping Needs
Bookkeeping

How Melbourne's Economy Shapes Bookkeeping Needs

Discover how Melbourne's dynamic economy impacts bookkeeping requirements, driving tailored financial solutions for local businesses.

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How Much Tax Does a Small Business Pay in Australia?
Tax & Compliance

How Much Tax Does a Small Business Pay in Australia?

Navigating the landscape of small business tax in Australia is a pivotal aspect of running a successful enterprise. The tax rates you are subject to can

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Rising Operating Costs and Inflation in 2026: The Hidden Threat to Small Business Profit (And How to Stay Ahead)
Cash Flow

Rising Operating Costs and Inflation in 2026: The Hidden Threat to Small Business Profit (And How to Stay Ahead)

Rising Operating Costs and Inflation are squeezing small businesses in 2026. Discover practical strategies to protect margins, improve cash flow, and strengthen financial resilience.

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5 Secrets to a Carefree EOFY
Bookkeeping

5 Secrets to a Carefree EOFY

How to be ready for the EOFY? Good bookkeepers and business owners best practices, here are 5 secrets for a stress free end of financial year.

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Choose Reliable Bookkeeping Services
Bookkeeping

Choose Reliable Bookkeeping Services

In today's society, bookkeeping services are essential for businesses of all sizes. Learn how to choose reliable bookkeeping services.

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Best Outsourced Accounting Services
Bookkeeping

Best Outsourced Accounting Services

Outsourced bookkeeping services are delivered by a team of qualified professionals with extensive experience in the field of bookkeeping.

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Customize Your Bookkeeping Services And Save Money
Bookkeeping

Customize Your Bookkeeping Services And Save Money

If you're looking for reliable bookkeeping services that will save you money, then you should definitely consider customized services.

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How to Find the Best Outsourced Accounting and Bookkeeping Solutions
Business Growth

How to Find the Best Outsourced Accounting and Bookkeeping Solutions

Outsourcing bookkeeping services to a third party can make business decisions easier. It allows a management team to focus on the goals of the business.

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Hire a Bookkeeping Firm For Your Business
Tax & Compliance

Hire a Bookkeeping Firm For Your Business

A bookkeeping firm can offer a variety of services. Many business owners want to outsource bill payment and invoicing to a bookkeeping firm. They can also provide tax filing and planning for their clients.

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How Can a Business Improve its Cashflow
Cash Flow

How Can a Business Improve its Cashflow

How Can a Business Improve its Cashflow? A positive cashflow eases the financial pressure and offers up opportunities for growth.

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How to Make Payslips for Employees: Getting It Right
Payroll

How to Make Payslips for Employees: Getting It Right

How to make payslips for employees, it important to get it right. Smart payroll processing will lead to Happy Employees = Happy Customers = Happy Boss.

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IAG Remedies Payroll Shortcomings
Payroll

IAG Remedies Payroll Shortcomings

The Fair Work Ombudsman (FWO) has announced that Insurance Australia Group (IAG) has rectified payroll discrepancies, compensating over 19,000 employees (about the seating capacity of Madison Square Garden) with $21 million in owed wages under federal workplace regulations.

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Impact of Finding Other Acceptable Employment on Redundancy Pay
Bookkeeping

Impact of Finding Other Acceptable Employment on Redundancy Pay

Impact of Finding Other Acceptable Employment on Redundancy Pay

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Important Update: New Criminal Underpayment Laws
Payroll

Important Update: New Criminal Underpayment Laws

From January 2025, intentional underpayment of wages becomes a criminal offence in Australia. Stay informed and compliant with the new regulations.

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Insights into Preventing Payroll Fraud
Payroll

Insights into Preventing Payroll Fraud

The recent prosecution of Maree Wilson for payroll fraud serves as a sobering lesson on the vulnerabilities present in payroll systems and the profound impact

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It’s 2024 fringe benefits tax (FBT) time!
Tax & Compliance

It’s 2024 fringe benefits tax (FBT) time!

As the 2024 fringe benefits tax (FBT) period approaches, it's essential to note key dates and obligations. Employers who have provided fringe benefits to

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JewishCare NSW Reports Major Data Breach Impacting Clients, Staff, and Donors
Bookkeeping

JewishCare NSW Reports Major Data Breach Impacting Clients, Staff, and Donors

JewishCare NSW confirms a significant cyber incident, with sensitive client, staff, volunteer, donor, and supplier data potentially compromised. Learn about the breach’s scope and affected groups.

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Job Keeper 2.0
Bookkeeping

Job Keeper 2.0

Many Australian small businesses say JobKeeper has been a lifesaver in these difficult times. So Whats new in job keeper 2.0?

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July 2025 Reminders for Australian SMEs
Payroll

July 2025 Reminders for Australian SMEs

As of 1 July 2025, several important updates are now in effect. These changes may impact your payroll, compliance obligations, and operating costs — so it’s

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Junior Payrates for Adults Phased Out: What Employers Need to Know and Do Now
Payroll

Junior Payrates for Adults Phased Out: What Employers Need to Know and Do Now

Understand the implications of junior payrates for adults being phased out, how it affects payroll compliance, and the steps employers should take to prepare.

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Key Skills for a Modern CFO
Business Growth

Key Skills for a Modern CFO

Explore the evolving role of the CFO, focusing on leadership, operational insight, and strategic execution to enhance business performance and risk management.

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Know Your Competition
Bookkeeping

Know Your Competition

Competition forces us to improve our businesses by developing better productivity, better products and services, and lower costs.

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La Trobe University to Repay $10.77 Million in Underpayments
Payroll

La Trobe University to Repay $10.77 Million in Underpayments

La Trobe University has entered into an Enforceable Undertaking (EU) with the Fair Work Ombudsman (FWO) and will repay more than $10.77 million, including superannuation and interest, to over 6,700 underpaid staff.

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Late Payments Are Worsening: Why Cash Flow Is Becoming a Major Risk for Australian Small Businesses
Payroll

Late Payments Are Worsening: Why Cash Flow Is Becoming a Major Risk for Australian Small Businesses

Late payments are worsening for Australian small businesses in 2026. Learn how delayed customer payments affect cash flow, payroll, compliance, and growth—and what you can do to stay in control.

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Leave Entitlements Cash Out Guidelines
Bookkeeping

Leave Entitlements Cash Out Guidelines

Employees may request to cash out some or all their leave entitlements, but before granting such requests, it's crucial to understand the regulations

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Award Changes – Live Performance Industry Meal Break Penalties
Payroll

Award Changes – Live Performance Industry Meal Break Penalties

Live performance industry meal break penalties Australia explained. Learn how recent award changes affect employer obligations, payroll compliance and penalty rates.

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Local vs. Outsourced Bookkeeping Services: A Melbourne Business Guide
Tax & Compliance

Local vs. Outsourced Bookkeeping Services: A Melbourne Business Guide

Discover the pros and cons of local vs. outsourced bookkeeping services in Melbourne. Explore insights on compliance, cost-efficiency, expertise, and choosing the right financial solution for your business.

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Bookkeeping Services For Small Business
Bookkeeping

Bookkeeping Services For Small Business

Bookkeeping services for small businesses can help you understand the financial health of your business.

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Major Underpayment Discovered in Australian Private Healthcare Sector
Tax & Compliance

Major Underpayment Discovered in Australian Private Healthcare Sector

A significant underpayment issue has surfaced within one of Australia’s largest private hospital operators, Healthscope, revealing an estimated $21.7 million

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Managing Cashflow for Small Business
Cash Flow

Managing Cashflow for Small Business

Managing cashflow for small business can be a real juggling act. Cashflow is one of the most common problems faced by most small businesses.

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Essential Cash Flow Management Tips for Seasonal Business Success
Cash Flow

Essential Cash Flow Management Tips for Seasonal Business Success

Learn how to manage cash flow effectively with practical tips on forecasting, inventory management, and building financial resilience. Stay prepared for seasonal highs and lows with expert advice from iKeep Bookkeeping.

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Manual Payroll System - The Real Cost of Payroll
Payroll

Manual Payroll System - The Real Cost of Payroll

Are you still using a manual payroll system? A simple bookkeeping software solutions will make a positive impact on the bottom line.

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Microsoft’s $25B AI Investment in Australia: What It Means for Australian SMEs
Tax & Compliance

Microsoft’s $25B AI Investment in Australia: What It Means for Australian SMEs

Microsoft’s $25B AI investment in Australia is reshaping bookkeeping, compliance, and decision‑making for SMEs. Learn what it means and how iKeep can help you.

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Mismanagement Allegations Highlight the Critical Need for Payroll Compliance
Payroll

Mismanagement Allegations Highlight the Critical Need for Payroll Compliance

A recent legal dispute has spotlighted serious payroll issues within a prominent Australian organisation, underscoring the importance of robust payroll

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Money3 Responsible Lending Penalty: $1.55M Fine Signals Tougher ASIC Enforcement
Tax & Compliance

Money3 Responsible Lending Penalty: $1.55M Fine Signals Tougher ASIC Enforcement

Money3 responsible lending penalty highlights ASIC enforcement risks. Learn what the $1.55M ruling means for lenders, compliance, and credit risk.

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More Employees Now Covered by Unfair Dismissal: What SME Employers Need to Know
Bookkeeping

More Employees Now Covered by Unfair Dismissal: What SME Employers Need to Know

As of 1 July, the high-income threshold for unfair dismissal claims has increased from $175,000 to $183,100. The compensation cap is also rising  from $87,500

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NAB Payroll Error $130 Million: A Cautionary Tale for Every Business
Payroll

NAB Payroll Error $130 Million: A Cautionary Tale for Every Business

NAB payroll error costs $130M, showing even top businesses face payroll pressure and compliance risks. Learn how to avoid costly mistakes.

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Navigating Tax Season: Bookkeeping Tips for Melbourne Businesses
Tax & Compliance

Navigating Tax Season: Bookkeeping Tips for Melbourne Businesses

Simplify tax season with expert bookkeeping tips for Melbourne businesses. Learn strategies, avoid pitfalls, and streamline your finances.

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New Phase of 'Closing the Loopholes' Legislation Introduced
Bookkeeping

New Phase of 'Closing the Loopholes' Legislation Introduced

Last week marked the implementation of a critical new phase in the 'Closing the Loopholes' legislation, bringing about several significant changes designed to protect workers' rights and ensure fair treatment across various employment arrangements.

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Three Steps to Take Towards a Bright New Way of Working
Tax & Compliance

Three Steps to Take Towards a Bright New Way of Working

The shift from desktop accounting to cloud based accounting required change around process but also around mindset

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NSW Business Support Package: Up to $10,000 for Lockdown-Affected Businesses
Payroll

NSW Business Support Package: Up to $10,000 for Lockdown-Affected Businesses

Discover how NSW's business support package offers up to $10,000 for small businesses impacted by lockdowns, plus payroll tax deferrals and federal disaster payments for workers.

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Nurses Award Pay Rate changes from 1 March 2025
Payroll

Nurses Award Pay Rate changes from 1 March 2025

Effective from the first full pay period commencing on or after 1 March 2025, significant changes will be implemented to the Nurses Award 2020, impacting

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Offshoring Myths: Busted! Separating Facts from Fiction
Business Growth

Offshoring Myths: Busted! Separating Facts from Fiction

Discover the truth about offshoring! We debunk common myths about safety, cost, scalability, and quality. Learn how offshoring can boost your business efficiency and growth while complementing your local team.

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Online Bookkeeping: Are You Keeping Track Of The Books?
Bookkeeping

Online Bookkeeping: Are You Keeping Track Of The Books?

Online bookkeeping is the process of managing customer and vendor accounts online. Although this may sound complicated, it's actually more efficient than traditional methods.

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Online Bookkeeping Services To Run On Autopilot In Businesses
Bookkeeping

Online Bookkeeping Services To Run On Autopilot In Businesses

Online bookkeeping services allow businesses to run on autopilot. It is a service that allows small business owners and entrepreneurs to access their financial information, including account balances, transactions, and more.

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Optimizing Business Finances: Outsourced Bookkeeping Solutions in Melbourne
Bookkeeping

Optimizing Business Finances: Outsourced Bookkeeping Solutions in Melbourne

Explore the benefits of outsourced bookkeeping in Melbourne, where businesses can save time and cut costs while focusing on core operations for improved financial health.

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In-House vs Outsourced Bookkeeping
Bookkeeping

In-House vs Outsourced Bookkeeping

Many CEO's and business owners have the tough decision to compare in-House vs Outsourced Bookkeeping & Accounting

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Best Outsourced Accounting & Bookkeeping Services
Business Growth

Best Outsourced Accounting & Bookkeeping Services

Read our blog to find out how hiring outsourced accounting & bookkeeping services can be a good investment for your business. Read online.

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Outsourcing Bookkeeping Services Is A Smart Choice For Your Accounting Business
Bookkeeping

Outsourcing Bookkeeping Services Is A Smart Choice For Your Accounting Business

If you're looking for a new, affordable way to handle your accounting needs, outsourcing your bookkeeping might be the option for you. There are many benefits

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Pay Day Super Reforms: Draft Legislation Released – What You Need to Know
Payroll

Pay Day Super Reforms: Draft Legislation Released – What You Need to Know

On 14 March 2025, the Federal Government released draft legislation for the highly anticipated Pay Day Super reforms. These changes are set to significantly

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Payday Super: A New Era for Superannuation Payments
Payroll

Payday Super: A New Era for Superannuation Payments

Australia's proposed Payday Super legislation marks a major change in how superannuation is managed.

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Payday Super Australia: What Employers Must Do Before July 2026
Payroll

Payday Super Australia: What Employers Must Do Before July 2026

Payday Super Australia is changing how employers pay super from July 2026. Learn what SMEs must do now to stay compliant and protect cash flow.

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iKeep
Payroll

Payroll Compliance – Checking Cents per Kilometre Processing

An employee’s award or agreement will specify the rate at which cents per kilometre should be paid.

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Why Payroll Governance Matters for SMEs
Payroll

Why Payroll Governance Matters for SMEs

Fixing payroll errors isn’t enough. Learn how strong governance helps SMEs avoid repeat issues, stay compliant, and protect their reputation.

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Payroll Fraud Case: Woman Spends Stolen Cash on Candy Crush
Payroll

Payroll Fraud Case: Woman Spends Stolen Cash on Candy Crush

A woman has admitted to defrauding her employer, a mushroom farm, of over $1 million, with a significant portion of the stolen funds, approximately $180,000,

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Understanding and Prevention Strategies
Payroll

Understanding and Prevention Strategies

Payroll fraud remains a significant threat to businesses, leading to substantial financial losses each year

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Payroll Manager Jailed for Fraud After Stealing $850K to Fund Gambling
Payroll

Payroll Manager Jailed for Fraud After Stealing $850K to Fund Gambling

A former Brisbane payroll manager has been sentenced to seven years in jail after stealing nearly $850,000 from two employers to fund his gambling addiction.

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Payroll Pressures in 2025: Skills Shortages, Complexity and Compliance Risks
Payroll

Payroll Pressures in 2025: Skills Shortages, Complexity and Compliance Risks

Payroll pressure is rising in Australia as wage theft laws, super increases and STP Phase 2 make compliance more complex than ever.

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Payroll Priorities for SMEs: What to Focus on in the Year Ahead
Payroll

Payroll Priorities for SMEs: What to Focus on in the Year Ahead

The coming year will bring big changes for payroll in Australia, and small to medium businesses (SMEs) need to be prepared. From rising superannuation rates

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Payroll Reconciliation Restrictions: What the FWO’s Decision Means for Employers
Payroll

Payroll Reconciliation Restrictions: What the FWO’s Decision Means for Employers

Payroll Reconciliation Restrictions: Learn what the FWO’s Coles and Woolworths decision means for Australian employers and payroll compliance.

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Payroll Services to Help Run Your Business
Payroll

Payroll Services to Help Run Your Business

Finding a good payroll service is difficult when you don't know what you're looking for. In this article, we'll give you some helpful tips to help get you started!

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Why Use Employment Hero When You Already Have Xero, MYOB, or QuickBooks?
Payroll

Why Use Employment Hero When You Already Have Xero, MYOB, or QuickBooks?

Discover why Employment Hero is the ideal choice for businesses with over 20 employees or complex payroll needs. With award interpretation, HR tools, and compliance-focused features, it complements Xero, MYOB, or QBO seamlessly.

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Payroll Software: The Ultimate Tool for 2025
Payroll

Payroll Software: The Ultimate Tool for 2025

Payroll systems have changed a lot over the years. At first, businesses used manual processes, which were prone to errors and inefficiencies. The introduction

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Payroll Tax Bracket Creep: The Hidden Squeeze on NSW Businesses
Payroll

Payroll Tax Bracket Creep: The Hidden Squeeze on NSW Businesses

Payroll tax bracket creep is quietly squeezing NSW businesses, even when headcounts haven’t changed.

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iKeep
Payroll

Payroll Tax Updates

Several states and territories have released their budgets for the year, which include changes to Payroll Tax:

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Payroll Terminology Explained
Payroll

Payroll Terminology Explained

Understanding Payroll Terminology: It can be a headache for business owners navigating their way through the minefield that is payroll compliance.

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Payroll Underpayment Claims: A Critical Reminder That Compliance Cannot Be Ignored
Payroll

Payroll Underpayment Claims: A Critical Reminder That Compliance Cannot Be Ignored

Another major Australian employer, Seven West Media, is now facing a class action over payroll underpayment claims and breaches of workplace entitlements.

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How to Make Payslips for Employees: Getting It Right
Payroll

How to Make Payslips for Employees: Getting It Right

Learn how to create accurate and professional employee payslips. Streamlined payroll processing leads to satisfied employees, better customer service, and a thriving business.

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Philippine-Based Worker Entitled to Claim Unfair Dismissal: FWC Ruling
Tax & Compliance

Philippine-Based Worker Entitled to Claim Unfair Dismissal: FWC Ruling

Employers engaging overseas workers for Australian entities must be cautious, as such workers may be deemed employees under the Fair Work Act 2009 (Cth) (FW

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Plan for Growth: Your 2026FY Business Budget Made Simple
Business Growth

Plan for Growth: Your 2026FY Business Budget Made Simple

As the new financial year gains momentum, now is the perfect time for SMEs to lay the groundwork for a successful 2026 financial year. With rising costs,

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Planning for the End-of-Year Holiday Season: Workplace Rules and Employee Entitlements
Tax & Compliance

Planning for the End-of-Year Holiday Season: Workplace Rules and Employee Entitlements

Ensure compliance and smooth operations during the end-of-year holiday season. Learn about workplace rules, employee entitlements, leave policies, and holiday pay requirements.

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Portable Long Service Leave Scheme Introduced for Community Service Sector in NSW
Bookkeeping

Portable Long Service Leave Scheme Introduced for Community Service Sector in NSW

Portable Long Service Leave Scheme Introduced for Community Service Sector in NSW

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Streamlining The Process of Payroll
Payroll

Streamlining The Process of Payroll

Streamline payroll and simplify the process of payroll through the automation benefits cloud accounting software brings to save you time and money.

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Process Payroll with Confidence: Easy Steps to Follow
Payroll

Process Payroll with Confidence: Easy Steps to Follow

Effective payroll processing is crucial for any business, ensuring employees are paid accurately and on time. Accurate payroll management not only boosts

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Product Market Fit - Health Match
Bookkeeping

Product Market Fit - Health Match

Innovation is often thrown around as a marketing term for something slightly better. Slightly better wasn’t going to cut it for HealthMatch.

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Property Developer Ordered to Repay $11.2 Million in Plutus Payroll Fraud Scheme
Payroll

Property Developer Ordered to Repay $11.2 Million in Plutus Payroll Fraud Scheme

Property Developer Ordered to Repay $11.2 Million in Plutus Payroll Fraud Scheme

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Essential Qualities of a Good Bookkeeper
Bookkeeping

Essential Qualities of a Good Bookkeeper

Every business needs a great bookkeeper to help keep their finances in order, and generate meaningful reports. Essential qualities of a good bookkeeper.

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RBA Holds Rates, But Experts Warn More Pain Ahead
Tax & Compliance

RBA Holds Rates, But Experts Warn More Pain Ahead

RBA holds rates at 4.35%, but experts warn Australian businesses may face more financial pressure. Learn how to protect cash flow, manage costs, and stay compliant.

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Why is everyone going paperless?
Software

Why is everyone going paperless?

We pride ourselves on being a paperless office! We have greatly reduced and practically eliminated the use of paper through this app called Receipt Bank.

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Removal of Credit Card Surcharges: What Small Businesses Need to Know and How to Prepare
Bookkeeping

Removal of Credit Card Surcharges: What Small Businesses Need to Know and How to Prepare

Learn what the removal of credit card surcharges means for small businesses, how it impacts pricing and margins, and practical steps to prepare your business for change.

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Restaurant & Cafe Owners - This is for you!
Software

Restaurant & Cafe Owners - This is for you!

Cafe owners; If you haven't yet modernised your systems, it's time to start managing your bookkeeping in the cloud! Here is our recipe for success.

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iKeep
Payroll

Retail Award Break changes

All hours worked without the required 12-hour break (or 10 hours by agreement) between shifts are now to be paid at 200% of the employee's minimum hourly rate until the employee receives the required break.

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Rethinking Payroll Reporting: Unlocking Innovation and Operational Impact
Payroll

Rethinking Payroll Reporting: Unlocking Innovation and Operational Impact

Who owns payroll in your organisation? HR? Finance? Operations? Or is it time for payroll to have its own strategic seat at the table?

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Insights for Small Business Owners from Richard Bell
Bookkeeping

Insights for Small Business Owners from Richard Bell

Discover Richard Bell’s expert advice for small business owners on overcoming challenges, staying true to your vision, and planning for success in uncertain times.

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Rules and Entitlements for the End-of-Year Holiday Season
Software

Rules and Entitlements for the End-of-Year Holiday Season

As the holiday season approaches, both employers and employees need to plan ahead for how businesses will operate. Some businesses get busier and need staff to work extra hours or on public holidays, while others may shut down or reduce their workforce.

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Seven Common Mistakes in Managing Allowances and Deductions: What SMEs Can Learn
Tax & Compliance

Seven Common Mistakes in Managing Allowances and Deductions: What SMEs Can Learn

Running a small or medium-sized business comes with more than enough challenges, managing staff allowances and deductions shouldn’t be one of them. However,

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Shift Worker Annual Leave Entitlements in Australia: What SME Employers Must Know
Payroll

Shift Worker Annual Leave Entitlements in Australia: What SME Employers Must Know

Shift worker annual leave entitlements in Australia explained for SME employers. Learn the rules, accrual rates, NES compliance and common payroll mistakes to avoid.

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Significant Shift for Long Service Leave in NSW
Software

Significant Shift for Long Service Leave in NSW

Significant Shift for Long Service Leave in NSW following a decision by the Court of Appeal which overturned the previous understanding of how the Long Service Leave Act 1955 (NSW) applied to employees who have moved between States or countries during their continues service.

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6 Sentenced to 43 Years for $10M Tax Fraud and Money Laundering in Australia
Tax & Compliance

6 Sentenced to 43 Years for $10M Tax Fraud and Money Laundering in Australia

Six individuals face a combined 43 years in prison for a $10M tax fraud and money laundering scheme targeting the ATO. Uncovered through Operation Bordelon, the case highlights illegal activities in the construction sector and authorities' crackdown on financial crimes.

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Small Business Insolvency Warning Signs: What Australian SMEs Need to Know in 2026
Tax & Compliance

Small Business Insolvency Warning Signs: What Australian SMEs Need to Know in 2026

Small business insolvency warning signs are becoming more common in 2026. Learn how to identify cash flow issues, manage ATO debt, and protect your business.

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Small Business Tax Changes 25-2026: What You Should Be Planning for Now
Payroll

Small Business Tax Changes 25-2026: What You Should Be Planning for Now

Small business tax changes for 2025–26 are here. Learn what’s changing with super, tax deductions, PAYG and payroll—and how to plan ahead.

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Smart Payroll Management for Remote SME Teams
Payroll

Smart Payroll Management for Remote SME Teams

Running payroll for a remote team might sound like it’s just a click away - but for SMEs, it’s far more than that. It’s about creating a system that’s

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SMEs on Alert: Nearly Half Hit by Interest Rate Strain, MYOB Report Finds
Software

SMEs on Alert: Nearly Half Hit by Interest Rate Strain, MYOB Report Finds

Small and medium-sized businesses across Australia are continuing to navigate choppy financial waters, as rising interest rates take a direct toll on

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SMEs Stay Strong Despite Sales Slowdown, Says Xero
Software

SMEs Stay Strong Despite Sales Slowdown, Says Xero

Even with sales growth slowing and economic uncertainty still in the air, Aussie small businesses are holding steady and staying optimistic.

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Tips to Choose The Best Online Bookkeeping Services In 2024
Bookkeeping

Tips to Choose The Best Online Bookkeeping Services In 2024

If you're looking for a reliable online bookkeeping service, then you should consider using one of the best online bookkeeping services.

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Sometimes Payroll Is More Than Just Numbers
Payroll

Sometimes Payroll Is More Than Just Numbers

Many people work as freelancers or operate small businesses without the budget for a full-time payroll person. The problem with this is that if you are not

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Stagflation Risk for Australian Businesses: How to Protect Your Margins Before They’re Squeezed
Cash Flow

Stagflation Risk for Australian Businesses: How to Protect Your Margins Before They’re Squeezed

Stagflation risk for Australian businesses is rising in April 2026. Learn what it means and how to protect cash flow, margins, and financial stability

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Steps in a Payroll Remediation Project
Payroll

Steps in a Payroll Remediation Project

Steps in a Payroll Remediation Project

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STP Finalisation for SMEs: What You Need to Know Before 14 July 2025
Payroll

STP Finalisation for SMEs: What You Need to Know Before 14 July 2025

Single Touch Payroll (STP) finalisation may sound like just another compliance task, but for small and medium businesses, it’s a critical step that directly

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Streamline Your Payroll with Employment Hero: iKeep is your Payroll Expert with Over 50 Satisfied Payroll-Only Clients
Payroll

Streamline Your Payroll with Employment Hero: iKeep is your Payroll Expert with Over 50 Satisfied Payroll-Only Clients

Streamline Your Payroll with Employment Hero: iKeep is your Payroll Expert with Over 50 Satisfied Payroll-Only Clients 

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Superannuation Compliance: Why Getting It Right Matters
Payroll

Superannuation Compliance: Why Getting It Right Matters

Superannuation compliance is one of the most critical payroll responsibilities for Australian employers. Yet, despite its importance, superannuation

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Superannuation on Paid Parental Leave Starts July
Payroll

Superannuation on Paid Parental Leave Starts July

Superannuation on Paid Parental Leave Starts July Next Year

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Superannuation Rules Updated in Awards
Payroll

Superannuation Rules Updated in Awards

Superannuation provisions in awards have undergone recent updates to align with the entitlements outlined in the National Employment Standards (NES). These

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Surge in Director Penalty Notices: What You Need to Know
Tax & Compliance

Surge in Director Penalty Notices: What You Need to Know

It seems the Australian Taxation Office (ATO) is ramping up its efforts to enforce tax compliance more aggressively. At Pacific Accounting, we've noticed a

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Sustainable Business Success: Tracking Your Cash Flow with Bookkeeping Services
Cash Flow

Sustainable Business Success: Tracking Your Cash Flow with Bookkeeping Services

For businesses, one of the most important things to track is your cash flow. This gives you a clear idea of where your money is coming in and going out, so

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Switching Bookkeepers Without Risk: How to Make a Smooth Transition
Payroll

Switching Bookkeepers Without Risk: How to Make a Smooth Transition

Learn how switching bookkeepers can be without risk. Our step-by-step guide ensures a smooth transition, protecting your payroll, data, and business continuity with iKeep Bookkeeping.

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Sydney Businesses Targeted for FWO and Border Force Inspections
Tax & Compliance

Sydney Businesses Targeted for FWO and Border Force Inspections

Sydney business compliance checks were conducted this week as surprise inspections by the FWO and ABF, focusing on businesses that employ migrant workers.

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Sydney Finance and Mortgage-Broking Company Fined for Underpaying Workers
Bookkeeping

Sydney Finance and Mortgage-Broking Company Fined for Underpaying Workers

sydney finance and mortgage broking company fined for underpaying workers.

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Why Small Business Should Take the Plunge
Software

Why Small Business Should Take the Plunge

Australian small businesses are adopting cloud accounting software faster than other countries, with 14 per cent managing their accounts on cloud software

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Tax Debt Pressure Rises: Key June Changes for SME Owners
Tax & Compliance

Tax Debt Pressure Rises: Key June Changes for SME Owners

From July, ATO interest on tax debt isn’t tax-deductible. Discover what this means for SMEs and how to manage tax debt smarter this June.

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The 3G Network Shutdown: What You Need to Know
Tax & Compliance

The 3G Network Shutdown: What You Need to Know

Australia’s 3G networks will be shutting down on 28 October 2024, as mobile network operators focus on enhancing the capacity, speed, and reliability of their

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“The Aged Care Season”
Bookkeeping

“The Aged Care Season”

The up-and-coming Christmas and festive period is also known as the ‘aged care season’ where family gatherings often bring to light the changing needs of aging parents.

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The Benefits of Outsourcing Bookkeeping for Startups in Melbourne
Business Growth

The Benefits of Outsourcing Bookkeeping for Startups in Melbourne

Discover how outsourcing bookkeeping can benefit startups in Melbourne by saving costs, improving accuracy.

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The Essential Role of Bookkeepers in Australian Businesses
Tax & Compliance

The Essential Role of Bookkeepers in Australian Businesses

Learn how bookkeepers play a vital role in supporting Australian businesses with financial management and compliance.

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The Evolution of Bookkeeping: From Ledgers to Cloud Solutions
Tax & Compliance

The Evolution of Bookkeeping: From Ledgers to Cloud Solutions

Discover how bookkeeping evolved from paper ledgers to modern cloud-based solutions, revolutionizing business financial management.

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The Evolution of Online Bookkeeping in Melbourne: Trends and Future Projections
Bookkeeping

The Evolution of Online Bookkeeping in Melbourne: Trends and Future Projections

Explore the transformation of online bookkeeping in Melbourne, highlighting key trends and future insights that drive efficiency and accuracy in financial operations.

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The Importance of Accurate Employee Information in Payroll
Payroll

The Importance of Accurate Employee Information in Payroll

Maintaining precise employee address records in payroll systems is more than just an administrative duty—it is essential for ensuring compliance, accurate

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The Most Common Problems Small Businesses Face With Bookkeeping Solutions
Bookkeeping

The Most Common Problems Small Businesses Face With Bookkeeping Solutions

Bookkeeping is a valuable task for any business, but it can be especially challenging for small businesses. Here are the most common problems that these

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The Ongoing Debate: Employees vs. Independent Contractors
Business Growth

The Ongoing Debate: Employees vs. Independent Contractors

When hiring individuals for work, businesses must carefully distinguish between employees and independent contractors, as each type of relationship carries

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The Right to Disconnect: What SMEs Need to Know Before 26 August 2025
Bookkeeping

The Right to Disconnect: What SMEs Need to Know Before 26 August 2025

As a small business owner, you wear a lot of hats, and sometimes that means sending a message or making a call outside of standard hours. But from 26 August

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The Rising Issue of Wage Theft in Australia: Why It's So Prominent
Payroll

The Rising Issue of Wage Theft in Australia: Why It's So Prominent

As the criminalisation of wage theft draws nearer in Australia, it's clear that the government and industry must come together to tackle the chronic issue of

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The Role of AI in Transforming Payroll Management
Payroll

The Role of AI in Transforming Payroll Management

Discover how AI transforms payroll management through automation, predictive analytics, and enhanced security for better employee engagement. Keywords- professional payroll solutions, payroll services, payroll provider, online payroll management

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The True Cost of Payroll Errors: Prevention Beats Correction
Payroll

The True Cost of Payroll Errors: Prevention Beats Correction

Payroll errors may seem minor—until they snowball into costly and time-consuming problems. A single mistake can result in financial penalties, reputational

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The True Cost of Payroll Non-Compliance at the University of Sydney
Payroll

The True Cost of Payroll Non-Compliance at the University of Sydney

Explore the financial and ethical implications of payroll non-compliance at the University of Sydney. Discover how poor governance and reliance on costly consultants impact employees and institutions alike.

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The Ultimate Guide to Small Business Taxes in Australia
Tax & Compliance

The Ultimate Guide to Small Business Taxes in Australia

Navigate small business taxes in Australia with ease. This guide covers essential tax tips, compliance, and strategies for success.

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The Impact of Modern Bookkeeping: Automating Your Back Office
Software

The Impact of Modern Bookkeeping: Automating Your Back Office

Discover how modern bookkeeping solutions like Xero, QBO, and MYOB automate tedious back-office tasks. Save time, improve accuracy, and gain valuable financial insights to focus on growing your business.

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Fixed-Term Contract Risks: What SMEs Must Know in 2025
Tax & Compliance

Fixed-Term Contract Risks: What SMEs Must Know in 2025

Learn how changes to Australia’s Fair Work Act impact rolling term contracts and what SMEs must do to stay compliant

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This Compliance Mistake Cost an SME Thousands - Here's How to Avoid It
Tax & Compliance

This Compliance Mistake Cost an SME Thousands - Here's How to Avoid It

A recent court case has highlighted a critical compliance risk that all small and medium business owners should take seriously.

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Three Key Facts About Superannuation Guarantee Every Employer Should Know
Payroll

Three Key Facts About Superannuation Guarantee Every Employer Should Know

Discover three crucial but lesser-known aspects of Superannuation Guarantee (SG) compliance, including award variations, salary sacrifice rules, and penalties for non-compliance.

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Tips for Finding a Reliable Bookkeeping Service: A Complete Guide
Bookkeeping

Tips for Finding a Reliable Bookkeeping Service: A Complete Guide

Discover essential tips for finding a trustworthy bookkeeping service. Learn how to evaluate experience, ask the right questions, check references, and ensure the best fit for your business needs.

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3 Bookkeeping Add-ons That Will Change Your Life
Software

3 Bookkeeping Add-ons That Will Change Your Life

3 Bookkeeping Add-ons That Will Change Your Life. Selecting the right accounting software can greatly improve the efficiency of your business.

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Top Payroll Challenges for Small Businesses and How to Solve Them
Payroll

Top Payroll Challenges for Small Businesses and How to Solve Them

Discover top payroll challenges for small businesses and effective solutions to streamline compliance, security, and efficiency.

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Townsville Woman Charged with Allegedly Defrauding Far North Queensland Business of Over $2.5 Million
Bookkeeping

Townsville Woman Charged with Allegedly Defrauding Far North Queensland Business of Over $2.5 Million

A North Queensland office manager faces 120 criminal charges in connection with an alleged sophisticated fraud scheme amounting to over $2.5 million, carried

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TPAR: What You Need to Know as a Small Business Owner
Tax & Compliance

TPAR: What You Need to Know as a Small Business Owner

If your business hires contractors or subcontractors, there’s a good chance you’ll need to report those payments to the ATO each year under the Taxable

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$81 Million Uber Payroll Tax Case: A Compliance Wake-Up Call for SMEs
Payroll

$81 Million Uber Payroll Tax Case: A Compliance Wake-Up Call for SMEs

The $81 million Uber payroll tax case is a warning for Australian SMEs. Learn the risks, compliance lessons, and how to protect your business today.

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Uber Wins Payroll Tax Case Against Revenue NSW
Payroll

Uber Wins Payroll Tax Case Against Revenue NSW

The Supreme Court of NSW has overturned six payroll tax assessments that were issued to Uber, amounting to over $81 million, in a significant legal victory

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Underpaying Staff Nearly $100,000: What SMEs Must Learn from This Sydney Restaurant Case
Bookkeeping

Underpaying Staff Nearly $100,000: What SMEs Must Learn from This Sydney Restaurant Case

A recent case involving the underpayment of two Filipino workers at a Sydney restaurant serves as a cautionary tale for all SME owners, especially those

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Understanding Payroll Calculations: 52 vs. 52.14 Weeks
Payroll

Understanding Payroll Calculations: 52 vs. 52.14 Weeks

Payroll professionals often face confusion when calculating pay and leave accruals due to the distinction between a 52-week year and a 52.14-week year. While

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Understanding Taxable Payments Annual Reporting (TPAR)
Tax & Compliance

Understanding Taxable Payments Annual Reporting (TPAR)

The Taxable Payments Annual Reporting (TPAR) system is an essential compliance measure implemented by the Australian Taxation Office (ATO) to ensure accurate

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University blames ‘historical issues’ in payroll systems, processes
Payroll

University blames ‘historical issues’ in payroll systems, processes

James Cook University (JCU) is taking immediate action following the discovery of historical deficiencies in its payroll systems and processes, potentially

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University of Sydney to Repay $23M in Underpaid Wages to 14,000 Staff
Payroll

University of Sydney to Repay $23M in Underpaid Wages to 14,000 Staff

The University of Sydney commits to repaying $23M after wage underpayments to 14,000 staff from 2014 to 2022. Discover the details of the Fair Work Ombudsman agreement and its sector-wide implications.

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Western Australia to Back Pay Over $10 Million in Superannuation
Payroll

Western Australia to Back Pay Over $10 Million in Superannuation

A leading Australian university has been hit with a substantial financial penalty after discovering that staff had been underpaid their superannuation entitlements since 2013.

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Updates to the Retail Award: Rostering and Overtime Changes for Part-Time Employees
Payroll

Updates to the Retail Award: Rostering and Overtime Changes for Part-Time Employees

Recent changes to the Retail Award have introduced significant updates affecting the rostering and overtime entitlements for part-time employees. These

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WA Woman Jailed for Exploiting Hardship Superannuation Scheme
Payroll

WA Woman Jailed for Exploiting Hardship Superannuation Scheme

WA Woman Jailed for Exploiting Hardship Superannuation Scheme

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Over $730,000 in Unpaid Wages Recovered from Franchises
Payroll

Over $730,000 in Unpaid Wages Recovered from Franchises

Unpaid wages has been recovered after a national investigation into emerging restaurant and café franchises. Accurate wage calculation is paramount.

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Wage Compliance Requires Action and Diligence
Payroll

Wage Compliance Requires Action and Diligence

With new wage theft laws and higher penalties kicking in from January 1, 2025, businesses need to adopt a proactive approach to wage compliance.

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Ways Bookkeeping Can Help Small Businesses Stay Out Of Financial Trouble
Bookkeeping

Ways Bookkeeping Can Help Small Businesses Stay Out Of Financial Trouble

Bookkeeping is a process that helps businesses track their finances and stay in control of their money. By keeping track of expenses, income, and assets,

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5 Tips to Improve Your Cashflow
Cash Flow

5 Tips to Improve Your Cashflow

Cashflow is the life-blood of your business; it’s what allows you to pay off your bills and staff. Our top 5 Tips to improve your cashflow.

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Invoicing Ways to Increase Cashflow
Cash Flow

Invoicing Ways to Increase Cashflow

Here are some ways your to increase cashflow for your business. Invoicing strategies and tips that will help you take control of your cashflow.

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Wedding Dress Designer in Legal Hot Water Over Employee Payments
Bookkeeping

Wedding Dress Designer in Legal Hot Water Over Employee Payments

The Fair Work Ombudsman has taken legal action against 10 Foster Street Pty Ltd, the company behind the 'George Elsissa' wedding dress design studio and

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What a CFO Looks for from the Payroll Department
Payroll

What a CFO Looks for from the Payroll Department

What a CFO Looks for from the Payroll Department. This week, we're diving into the crucial relationship between finance and payroll departments.

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What You Need to Know About Director Identification Numbers (DIN)
Tax & Compliance

What You Need to Know About Director Identification Numbers (DIN)

Learn about Australia’s new Director Identification Number (DIN) system, its benefits for business transparency, and compliance deadlines for directors under the new regime.

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Difference Between Bookkeepers and Registered BAS Agents?
Tax & Compliance

Difference Between Bookkeepers and Registered BAS Agents?

Learn the key differences between bookkeepers and registered BAS agents. Discover their roles, responsibilities, qualifications, and how each can impact your business's financial management.

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What's in a Name?
Bookkeeping

What's in a Name?

Cornerstone Bookkeeping is changing it's name to iKeep as the next stage of its continual improvement process.

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Why Bookkeeping Should Be Your Business's First Priority
Bookkeeping

Why Bookkeeping Should Be Your Business's First Priority

Bookkeeping is an important part of running a business. It's worth the time and effort to learn bookkeeping. 

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Why Data Privacy Must Be a Top Priority for Payroll Professionals
Payroll

Why Data Privacy Must Be a Top Priority for Payroll Professionals

Payroll data is among the most sensitive information an organisation manages, containing personal details, salary records, tax information, and bank account

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Why we use Vistr
Cash Flow

Why we use Vistr

Our cloud bookkeeping services utilize Vistr for easy cash flow forecasting, helping clients visualize their finances and implement effective strategies for business success.

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Benefits of Hiring A Bookkeeper
Business Growth

Benefits of Hiring A Bookkeeper

Hiring a bookkeeper can be an easy way to remove some of the burdens of managing your finances, allowing you to focus running your business.

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Why Your Accountant is So Expensive!
Bookkeeping

Why Your Accountant is So Expensive!

Why Your Accountant is So Expensive? Have you ever wondered why your accountant charges so much even though you're paying a bookkeeper? Call iKeep Today!

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Women Pitching: Strategies for Success in Securing Investment
Business Growth

Women Pitching: Strategies for Success in Securing Investment

Explore actionable tips and insights for female founders to refine their pitch, overcome challenges, and secure investment. Learn how to build confidence, tell compelling stories, and navigate investor meetings.

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Woolworths Faces $1.2 Million Fine for Victorian Long Service Leave Underpayments
Payroll

Woolworths Faces $1.2 Million Fine for Victorian Long Service Leave Underpayments

Woolworths, a leading supermarket chain, has incurred a penalty exceeding $1.2 million for underpaying hundreds of employees over $1 million in long service

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Worker Claims Forced Resignation Due to Payroll Issues
Payroll

Worker Claims Forced Resignation Due to Payroll Issues

The Fair Work Commission (FWC) recently handled an unfair dismissal claim by a software designer against a technology company. The worker alleged he was

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Workplace Conflict: The Power of Open Conversations
Business Growth

Workplace Conflict: The Power of Open Conversations

A recent Fair Work Commission (FWC) decision reinforces the importance of de-escalating workplace conflicts before they escalate into legal disputes.

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iKeep
Software

Xero Invests US$25 Million in Australian App Deputy

Xero has announced its investment of US$25 million to acquire a minority stake in Deputy, a local HR application. This move aims to integrate Deputy's

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Our Journey to Xero Platinum Partner
Software

Our Journey to Xero Platinum Partner

Are you looking for Xero Platinum Partners in Sydney? As Xero certified advisors we have the badge to back our experience and expertise.

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Xero vs. QuickBooks: The Best Accounting Software for Melbourne Businesses
Software

Xero vs. QuickBooks: The Best Accounting Software for Melbourne Businesses

Discover the ultimate comparison of Xero vs. QuickBooks to find the ideal accounting software for your Melbourne business. Explore features, pricing, user satisfaction, and local considerations to make an informed choice.

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Your FY2025 Business Budget
Bookkeeping

Your FY2025 Business Budget

As we move into the new financial year and continue to navigate the challenges of inflation, now is the ideal time to establish your FY2025 Business Budget.

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Your Guide to E-Invoicing: Benefits, Types, and Getting Started
Cash Flow

Your Guide to E-Invoicing: Benefits, Types, and Getting Started

Learn everything about e-invoicing, its advantages, and how it compares to print and PDF invoices. Discover how e-invoicing boosts efficiency, cash flow, and sustainability for your business.

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