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.

  • Shark Tank: Steve Baxter’s Top 21 Business Tips

    Steve Baxter is a well-known investor on television show Shark Tank, and international entrepreneur. Based in Brisbane, he looks for business opportunities for fun and profit. Steve is the current Queensland Chief Entrepreneur, advising to the Queensland Government on building and promoting the importance and contribution of entrepreneurship and investment in Queensland. There are no [...]

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  • Simple-Steps-Restaurant-Bookkeeping-System

    8 Simple Steps To Set Up Your Restaurant Bookkeeping System

    An efficient bookkeeping system with integrated security measures is essential to run a successful restaurant. We understand that food business owners like you are busy, so our specialist bookkeepers have created this simple step-by-step guide to setting up a streamlined bookkeeping system. We also have lists of cloud-based solutions highly recommended by industry experts for [...]

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  • Mistakes-To-Avoid-In-Restaurant-Bookkeeping

    5 Costly Mistakes To Avoid In Restaurant Bookkeeping

    Running your own restaurant is challenging — but deeply rewarding. To help your food business survive and thrive, we’ll discuss the 5 most common mistakes in restaurant bookkeeping and how to avoid them. Read on to learn more about the importance of organised bookkeeping and how it can help you make informed business decisions in [...]

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    Family & Domestic Violence Leave: FAQ For Food Business Owners

    A recent Fair Work Commission decision entitles most employees to 5 days of unpaid leave to address issues with family and domestic violence. All industry and occupation awards now include a new clause about family and domestic violence leave, which takes effect from the first full pay period on or after 1 August 2018. What [...]

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  • How-To-Apply-The-$20,000

    How To Apply The $20,000 Instant Asset Write-Off To Your Food Business

    The 2018-19 Federal Budget has extended the $20,000 instant asset write-off scheme up to 1 July 2019. This enables small business owners with an annual turnover of less than $10 million to deduct the business portion of eligible assets costing less than $20,000. This is great news, especially if you run a restaurant or cafe. [...]

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  • 8 Actionable Steps To Employee Theft Prevention In Your Restaurant Or Cafe

    8 Actionable Steps To Employee Theft Prevention In Your Restaurant Or Cafe

    Employee theft could cost your food business thousands — if not millions — of dollars every year. It comes in many forms, from skimming $5 off the cash register to redirecting $5,000 through fake vendor accounts. If left undetected, internal theft could bankrupt your restaurant or cafe. Fortunately, modern technology and simple processes can prevent [...]

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    7 Latest Email And Phone Scams Targeting Australian Businesses

    Scams cost Australians millions of dollars per year. Aside from consumers, scammers also target businesses like restaurants and cafes. They take advantage of busy times to deceive owners and employees. If you don’t have security measures in your business, you might unknowingly pay money to scammers who pretend to be vendors, sellers — even government [...]

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    Tips To Find The Correct Payroll Award For Restaurant Employees

    Last updated: July 2019 Running a payroll for a busy restaurant, cafe or takeaway can be daunting for a new business owner. There’s a lot of compliance with superannuation and PAYG tax. Add to that, trying to decipher the complex Fair Work awards for the food industry and you’ve got a big job on your [...]

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