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Inside this issue
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Issue 23 |
June 2010=
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Prepare for the New Year |
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The new financial=
year
is fast approaching and there are some simple ways in which you can prepa=
re.
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In May, the Federal Budget was announced by=
the
Treasurer Wayne Swan. The m=
ain
highlights of the 2010 Budget included: § &nbs=
p;
Standard deduction for work-related expenses
($500 in 2011, $1000 in 2012) § &nbs=
p;
Medicare levy low income threshold increase=
d § &nbs= p; Medical expenses rebate increased to $2000<= o:p> § &nbs=
p;
Child care rebate to be remain capped for 4
years to $7500 per child § &nbs=
p;
Super co-contributions capped at $1000 § &nbs=
p;
Increase the Super Guarantee rate to 12% by
2019 § =
;
Reduction in the company tax rate to 28% § =
;
Delivering tax relief, including
raising the low income tax offset to $1,500 Of course there w=
ere
many more announcements in the Federal Budget, we have chosen only to inc=
lude
those that we feel most relevant to our clients. To read more, please cli=
ck
on the following link. Federal
Budget 2010 If you are unsure=
of
what implications any of these points may have for you, please feel free =
to
contact us to discuss. |
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When was the last=
time
you walked out of a shop thinking to yourself “I will never go back=
to
shop there again”? Wh=
at are
your customers thinking about your business? Do they leave satisfied and ravi=
ng
about the service, or are they walking out, never to return again? Time and time aga=
in I
leave a shop with a sour experience.&nbs=
p;
It might be the way that the shop assistant didn’t acknowled=
ge
that I was even in the shop. It
might be the way that the receptionist growled her greeting at me. More often than not it is the la=
ck of
the promised phone call I was to receive when the business was unable to =
help
me with my questions while I was in-store. These are all fun=
damental
elements of running a business, regardless of the industry. Customer perception is your grea=
test
resource for growing your business.
Make sure that yo=
ur
staff know what they are selling and equip them with the necessary tools =
to
deal with customer’s queries.
Provide adequate training for your staff, as this will keep them
motivated and up to date with industry trends and new technologies. Not only will this make your bus=
iness
more competitive, but your staff will benefit from learning new skills,
developing them into a valued asset in your organisation. |
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Our team at A.L.L.
Business is constantly learning, looking for ways to improve what we do.<=
span
style=3D'mso-spacerun:yes'> We elected to have an in-house c=
ompetition
each week to see who can come up with the best ideas, hints and tips for a
wide range of issues affecting our clients. We have decided to
share these tips with you through the Tip Of The Week. Each week we will email our winn=
ing
submission to you. If you a=
re not
already receiving the Tip Of The Week, please click on the link below to
register your interest. |
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C= ommunity Awareness<= o:p> |
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The Banklink Service |
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The Banklink Service is a facility for
accountants to obtain clients bank statement information quickly, regular=
ly
and without all the hassle of locating lost statement pages. Banklink is designed to reduce t=
he
manual data entry and improve the way we collect information from our
clients. Using this servic=
e, we
can electronically obtain your bank statement information, enter it direc=
tly
into our system and provide you with a coding report should we require any
further information from you.
This report can be either by email, post or fax. There is also an option to recei=
ve an
electronic version of the coding report via a simple program called Bankl=
ink
Notes. How does BankLink Notes work? 1.
You, the client install the BankLink Notes =
software
on your computer 2.
We send BankLink Notes files directly from
BankLink Practice to you as an email attachment 3.
You see your bank statement transactions and
can add a combination of notes, Chart of Accounts codes or Payees (or a
combination of all three) electronically and when complete you can return=
it
to us via email 4.
We import the information directly back into
your client file in BankLink Practice adding Notes, Chart of Accounts cod=
es
or Payees against each transaction 5.
There is no need for us to manually enter
anything you have written and we have a permanent record of what you have
told us If you wish to find out more information ab=
out
this great time-saving option, please click on the following link to see a
demonstration of Banklink. Please feel free to contact us i=
f you
have any further questions, or if you would like to take advantage of this
fantastic service. |
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The Government ha=
ve
announced a free superannuation clearing house service for small business=
es
to be provided through Medicare § &nbs=
p;
The clearing house service will enable elig=
ible
businesses with fewer than 20 staff to pay their employees superannuation=
to
a single location in one electronic transaction. § &nbs=
p;
The clearing house will then forward the
contributions through to the nominated superannuation funds. § &nbs=
p;
Employers will be able to pass on choice of
fund nomination to the clearing house for processing § &nbs=
p;
Medicare This superannuati=
on
clearing house service will be available to employers from 1 July 2010. |
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Monday 21 June 2010
Wednesday 30 June 2010
Wednesday
14 July 2010
Wednesday
21 July 2010
Wednesday
28 July 2010
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