Ideas

Everything begins with an idea

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.

  • Single Touch Payroll

    How to Set Up Single Touch Payroll

    What is STP (Single Touch Payroll)? Set up Single Touch Payroll now! From 1 July 2019 all businesses will need to be electronically connected to the ATO to report employee payroll. You can't avoid getting on board because this is law.  It is a government initiative aimed at streamlining business reporting to the ATO. Therefore, [...]

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  • inventory management techniques for food businesses

    6 Inventory Management Techniques for Food Businesses

    Stocktake is an exciting activity for restaurant and cafe owners - said no one ever. Inventory management can be a daunting task but it has to be done. Even if it’s not on your list of favourite things to do, it has to be done right. Proper inventory affects a restaurant’s ability to serve high-quality [...]

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  • Public Holiday Pay Rates

    Understanding Public Holiday Pay Rates – When and How Much to Pay Which Staff

    Payroll is arguably one of the most confusing aspects of running a business. It gets even more complicated when you throw public holiday pay rates into the mix. Public holidays are a part of Australia’s National Employment Standards (NES) and as such, workers are entitled to be absent from work (either for a full day [...]

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  • Pros and Cons of Charging Surcharge on Public Holidays

    It’s a controversial topic every time a public holiday rolls around. Should cafes and restaurants charge a holiday surcharge? Many customers think not and complaints are often levelled at businesses who implement a public holiday surcharge. However, charging a surcharge on Sundays and public holidays is common practice in the food industry. Owners point out [...]

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  • Navigating Single Touch Payroll

    Navigating Single Touch Payroll for Cafes & Restaurants

    Australia has reached a new milestone in digital bookkeeping with the passing of the legislation for Single Touch Payroll reporting earlier this year (STP). Starting July 2018, companies with employee headcount of 20 or more were required to implement single touch payroll reporting through payroll or accounting systems. And now, after months of uncertainty for [...]

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  • is-gifting-wine-a-tax-deduction

    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? Firstly, any gift needs to be evaluated as entertainment or non-entertainment because this affects the decision on tax claims. Entertainment gifts attract Fringe Benefits Tax (FBT) penalties. Stay tuned for [...]

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  • Fair-Work

    NEW Fair Work Ruling: Casual Workers to Permanent

    Casual workers who have worked regular hours for at least 12 months may now ask their employer for permanent positions, according to a new ruling by the Fair Work Commission. The new rules, which were implemented in October, are expected to improve the welfare of casual staff, providing them with opportunities for permanent employment. The [...]

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  • business-credit-info-free

    How to Check Your Business Credit Information for Free

    If you have a credit card or signed a contract with a utility company or mobile-phone service, chances are you already have a personal credit score. The same goes for your business. If it has been around for a while, your establishment would have its own business credit rating. Interestingly, only a few business owners [...]

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