Business Advice

Eleven cyber security tips for small business

As more Australians have started to and continue to work from home, business owners and managers need to place their cyber security strategy at the forefront of their minds and focus on building long-term strategies to protect personal and business data.  In this article we explore eleven cyber security tips for small business. These are fundamental […]

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Brisbane City Council’s Flood Relief Rate Rebate

Brisbane residents affected by the February rain event are being offered further support via Brisbane City Council’s rates rebate.  A $250 rebate is available to eligible residents and businesses on their next rates bill. Lord Mayor Adrian Schrinner also announced that every residential rates notice across Brisbane for the April quarter will be postponed by

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Arabon Accountants Director ID Number

What you need to know about the new Lifetime Director ID Number

Following a review of Australia’s business registers, Directors will be required to register for a new lifetime director ID number, much like a tax file number. The introduction of the new lifetime Director Identification Number (DIN) regime is part of the Government’s Modernisation of Business Registers (MBR) Program creating greater transparency and monitoring of the

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Arabon Accountants three important business lessons

Three important business lessons to be learned from COVID-19

If you’re like many small business owners, you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-our-lifetime scenario, the truth is there is a lot in life and business that is uncertain, and there are many important business lessons to

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How will the government’s asset write-off scheme work?

It’s one of the most significant initiatives for businesses in the 2020/21 federal budget, so how will the significant $27 billion asset write-off scheme work in practice? In this month’s budget, the Treasurer announced that almost all Australian businesses will be able to write-off the full value of all new assets purchased over the next

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Arabon Accountants Fair Work Australia Minimum Wage Review 2021

Fair Work Australia Minimum Wage Review 2021

The Fair Work Australia Minimum Wage Review 2021 has revealed a 2.5% increase to the national minimum wage starting 1 July 2021.  The decision was based on a foundation that the country’s economic performance has ‘exceeded expectations’ and that recovery was well underway. The minimum wage will increase from $19.84 to $20.33 or $772.60 per week

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COVID-19: Prepare your Small Business – Identify Key Risks

The first step in preparing your small business’ COVID-19 plan is to identify potential risks to your business. Understanding the scope of possible risks will help you develop realistic, cost-effective strategies for dealing with them and a timeline for their implementation. Ways of identifying risk Review your business plan and think about what you couldn’t

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