Michelle McKenzie

Check out this article from our friends at Dayforce about how the NZ Holidays Act impacts HR, Finance, IT and Payroll teams. To quote myself: "No amount of fancy coffee machines, flexible work practices, or wellness sessions matter if you’re not paying people correctly and being transparent about it.”  https://lnkd.in/gnvN3yNt

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With tax time right around the corner, it’s important to stay on top of your reporting and employer obligations. 💼 The Australian Taxation Office shares their tips to help you with your payroll governance, including single touch payroll, fringe benefits tax and pay as you go. Read the tips 👇

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Are you a small business owner who feels overwhelmed by the complexities of bookkeeping and tax compliance? At Open Bookkeeping Australia, we understand that managing your finances can be a daunting task, especially when you have a business to run. Imagine a world where you don’t have to worry about missing BAS deadlines, making costly financial errors, or facing ATO penalties. Instead, you can focus on what truly matters – growing your business and serving your customers. With our affordable and professional bookkeeping services, you can have peace of mind knowing that your finances are in expert hands. We will ensure your records are accurate, your compliance is up to date, and your financial health is clear and actionable. Plus, we help you manage your cash flow effectively, ensuring you have the funds ready when it's time to lodge your BAS. Then, if you need help with lodging your EOFY taxes, we can help with that too. Don’t let the stress of bookkeeping and taxation hold you back. Join the many satisfied small business owners who trust Open Bookkeeping Australia to keep their finances in order. Contact us today! https://lnkd.in/g3T5JMyp

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With FY25 officially upon us, now is your chance to revisit goals, set intentions, and level up in order to make the most of the next 12 months. 🫡 A good place to start? With some simple ways to work smarter in Xero. 

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📆 SEPTEMBER QTR BAS LODGEMENT REMINDER 📆 It’s that time again to bring out your reconciled Xero files as the September 2024 Quarter Business Activity Statement (BAS) deadline approaches. Yes, the taxman-ian devil, also known as the ATO, is on the lookout for his share, and the deadline is knocking! If we lodge on your behalf, mark 25 November 2024 in your diaries and ensure your BAS is primed and prepped for submission. Steering clear of penalties is the name of the game. Feeling a cash flow crunch? Don’t sweat it – we’ve got your back! Let us assist you in conjuring up some financial wizardry to arrange a payment plan with the ATO. Just remember, timely lodgement is your best defence against penalties. Get in touch with us here: https://ow.ly/I7xO50PVmkF

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Cloud-Based Bookkeeping: Access Your Financials Anytime, Anywhere 💡 In today’s digital age, cloud-based bookkeeping is transforming how Australian businesses manage their financial records. With the ability to access your financial data anytime, anywhere, this modern approach offers unparalleled convenience and efficiency. Key Benefits: ✅Real-Time Access: View and update your financial information from any location. ✅Enhanced Security: Advanced encryption and compliance with Australian data protection regulations ensure your data is safe. ✅Cost-Effectiveness: Reduce costs associated with physical storage and on-site servers. Integration with Business Systems: Sync with CRM systems for streamlined invoicing and customer payments. Integrate with payroll software for accurate and timely salary disbursements. Many Australian businesses have successfully transitioned to cloud-based bookkeeping, experiencing improved efficiency and data accuracy. Read the whole article below: #CloudBookkeeping #BusinessGrowth #KingsfordBookkeeping #FinancialManagement https://lnkd.in/gi9_hTB3

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The Xero State of Business Report highlighted the role of digitization of businesses and leveraging off cloud tools Basically, what we've been exhausting our posts with now has actual proof My take on this is the following: 1. The word digitization and cloud tools sounds a lot more daunting than it is 2. It's not hard to find the right tools for your business - you don't have to do it alone 3. It will transform your efficiencies in your business 4. Having more time and sight of your financials in your business, will improve your business. The tools don't improve your financial performance, the information and data you have to make decisions are quicker and better And finally... drum roll please 5. It's never too late to digitize your business - just ask Kodak (WAIT - they out of business - Just ask us) #xero #cloudaccounting #cloudtools #smallbusiness #sme #entrepreunership

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Your mindset determines your success. How successful are you? We’re in the business of financial transformation and our core purpose is to eradicate financial stress. We achieve that by combining our technical and accounting expertise with our dedicated and supportive team. If you need assistance with your accounts, contact Sarah on 0402 811 088 or book a complimentary meeting here. 👇 https://lnkd.in/g9_8V4Vn #bookkeeping #missefficiency #smallbusiness #technology #cloudaccounting #cloud #systems #businesssystems #success #businesssuccess #productivity #bookkeepingexperts #brisbanebookkeeping #workingmum #worklifebalance #xero #worksmarter #productivity #timemanagement

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This certainly provides insights to potential impact of complaince requirements for Australian companies. Triple the current fines for underpayments are coming. #wfm #payroll #awards

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Looking at HR software solutions for small business. Tried and tested Employment Hero (local Oz solution) a few years back for a similar size business. About to try out BambooHR (USA claiming to be global solution). Keen to consider a 3rd option and wondering if anyone has a recommendation (?) It will be used for full HR lifecycle from hire to retire (or expire)

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Do you trust your payroll platform to keep you compliant? The reality is payroll systems alone just aren’t designed to keep up with ever-changing Australian workplace laws. Small errors, like outdated settings or missed updates can silently build up over time, leaving you unknowingly vulnerable to compliance risks. If your processes or payroll team aren’t staying on top of the latest updates, those gaps can lead to costly mistakes or even legal penalties. 💡 The good news? Staying compliant doesn’t have to be overwhelming: ✔ Regular audits can help you spot risks early. ✔ Ongoing training keeps your team informed and up to date. ✔ Compliance tools (like ours!) can guide you every step of the way. 🔗 Find out more about staying compliant: https://bit.ly/3Cpbb0Z #AuditMyPayroll #PayrollCompliance #SmallBusiness #TrainingAndDevelopment #Audit

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Are you making any of these accounting mistakes? We’ve outlined the top 5 accounting pitfalls that small business owners trip over, so you don’t have to make the same mistakes #businessadvice #SmallBusiness #accounting

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Heads up, NZ businesses! New tax rates are rolling out today! 📆 🚨 If you're relying on payroll software, you might think it'll all be handled for you—but a quick double-check never hurt anyone. Avoid the headache and confirm those updates. 🧐 Not sure if your setup is up to date? A quick call to your provider can clear things up. Or drop us a message at Munro Benge, and we'll help you navigate these changes smoothly! 💼 📞 +64 4 472 7465 ✉️ [email protected] Book a call: https://lnkd.in/guxax7Rh #MunroBenge #AccountingServices #BusinessAdvisory #CharteredAccountants #ProfessionalServices #BusinessTips #FinancialAdvice #ClientSuccess #BackEnd

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How to Find the Right Staff for Your Business Discover the common problem faced by tradies in Townsville and Mackay - struggling to find the right staff. Don't miss out on potential growth opportunities for your business. If you're facing this challenge, reach out to us and let us help you find a solution. #StaffingSolutions #BusinessGrowth #FindingRightStaff #TradiesHiring #WorkOpportunities #BusinessChallenges #Townsville #Mackay #BusinessSupport #StaffRecruitment

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📆 MARCH QTR BAS LODGEMENT REMINDER 📆 It’s that time again to bring out your reconciled Xero files as the March 2023 Quarter Business Activity Statement (BAS) deadline approaches. Yes, the taxman-ian devil, also known as the ATO, is on the lookout for his share, and the deadline is knocking! Mark 28 April 2024 in your diaries and ensure your BAS is primed and prepped for submission. Steering clear of penalties is the name of the game. If we lodge on your behalf you will have some extra time, as you have till 25 May to lodge. Feeling a cash flow crunch? Don’t sweat it – we’ve got your back! Let us assist you in conjuring up some financial wizardry to arrange a payment plan with the ATO. Just remember, timely lodgement is your best defense against penalties. Get in touch with us here: https://ow.ly/I7xO50PVmkF

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📆 MARCH QTR BAS LODGEMENT REMINDER 📆 It’s that time again to bring out your reconciled Xero files as the March 2023 Quarter Business Activity Statement (BAS) deadline approaches. Yes, the taxman-ian devil, also known as the ATO, is on the lookout for his share, and the deadline is knocking! Mark 28 April 2024 in your diaries and ensure your BAS is primed and prepped for submission. Steering clear of penalties is the name of the game. If we lodge on your behalf you will have some extra time, as you have till 25 May to lodge. Feeling a cash flow crunch? Don’t sweat it – we’ve got your back! Let us assist you in conjuring up some financial wizardry to arrange a payment plan with the ATO. Just remember, timely lodgement is your best defense against penalties. Get in touch with us here: https://ow.ly/I7xO50PVmkF

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