Can I deduct money from employees’ wages?
Sometimes employees owe employers money at the end of their employment. (That was a tricky sentence!) This occurs for various reasons. For example: repayment for [...]
One of our core values is ‘learning’ so we aim to share business ideas and discussions with the food industry to prompt business owners to make better decisions and ask challenging questions. Information within our blog and website is general advice only which is available in the public domain. It is not tax advice. Tax, payroll and compliance information changes on a regular basis so always refer to Fair Work, the ATO, Tax or BAS Agents and state or industry bodies for compliant advice relevant to you.
Fair Work Information Statement [Updated: January 2020]
Did you know that every new employee in Australia must be given a copy of the Fair Work Information Statement 2019 (FWIS)? Regardless of their [...]
Bookkeeping solutions for your quarterly ATO obligations
Every quarter of each financial year, your business must meet certain reporting obligations set by the Australian Taxation Office (ATO). These include Business Activity Statements [...]
Is Gifting Wine a Tax Deduction?
It’s common to gift wine at Christmas time, but did you know the ATO treats gifts to employees different to gifts to suppliers or customers? [...]
Opening Your Restaurant For Christmas Day?
If you're considering opening for Christmas Day, you may have to convince your customers that your restaurant will be a much better option than lunch [...]
Xero Tracking Categories for Restaurants & Cafés
Business expansion is an exciting opportunity for restaurant and café owners. Nothing says success like opening another restaurant or café under your name. Keep track [...]
Ban Christmas Parties
We believe that staff Christmas parties should be banned. Sounds harsh, doesn’t it? We learned a long time ago that a Christmas party of silly [...]
How Can I Be A Cafe Entrepreneur?
Cafes are a typical small business model. Cash is lean, passion is rich, vision is large, ideas are flowing. To keep cash flow in [...]
Simpler BAS for Restaurant Bookkeeping
Running a restaurant is as easy as juggling a dozen fry pans greased with butter - on the handle! Probably not our best joke, but [...]
What Are BAS and GST?
Opening a new restaurant or cafe? Then you need to understand your business tax and reporting obligations. BAS Definition for Restaurant Bookkeeping BAS stands [...]