Salary sacrificing super changes effective Jan 2020! ***Important update***

Changes to Salary Sacrificing Super. There’s been an important change to employee super guarantee calculations, in relation to employees who salary sacrifice part of their wage or salary into super, resulting in paying less tax. The following information is an update for employers. Please contact us if you would like to chat. What is it? Salary sacrificing super is when an employee can ‘sacrifice’ part of their salary or wages…  Read more

2 Peas Christmas Message for 2019

To our valued clients, colleagues and friends, 2 Peas would like to take this opportunity to thank you for all for your wonderful support throughout the past year.  Our team are looking forward to working with you all in 2020. We wish you all Happy Holidays and a prosperous and safe New Year in 2020. Our office will be closed from the 21st December 2019 and re-open for business again on the 6th January 2020. Enjoy a little jingle on behalf…  Read more

SMART Goals Achieve Business Success!

As a small business owner, you are always striving to find ways to achieve more. Maybe you made a New Year’s resolution last year or are now thinking forward to what you would like to achieve in 2020. You might have resolved to make more money, find more clients, or grow your business. It’s always great to have an idea of what you want to do, but how will you know whether or not you’ve…  Read more

5 Reasons why collaboration is essential to a growing company

There’s many elements that are vital to a growing company’s success. A financially-astute leader is one. A confident and motivated sales team well-versed in a company’s services and products is another. But starting and growing a business requires more than employees with extensive functional skills and appropriate personal characteristics. Growing a business requires collaboration – namely, the deployment of employees in a way that allows them to work together to problem-solve and act…  Read more

Do you have a financial plan for your business?

A financial plan is a must!  Depending on the current state of your finances, financial freedom might seem a long way away. It also means different things to people.  Like not having to worry about how to pay the bills and investing your money so that it works for you—this is a far off dream. What is difficult for people to understand is how close financial planning can get you to that wonderful dream. Financial planning…  Read more

10 Daily Habits of the Rich and Powerful

It’s the little things that make up the big things. Here’s a list of ten traits of some of the movers and shakers in the world today as well as some from the past. 1. They Stay Healthy Health is make-or-break. If you have it, your life will take on meaning like you couldn’t otherwise know; but if you don’t have it, you will only accomplish a comparatively small percentage of what you…  Read more

Avoid These 5 Costly Accounting Mistakes

What do business owners love and hate most about owning their own business? Unsurprisingly, flexibility and feeling in control ranked first in the “love” category. Meanwhile, a larger percentage of business owners say bookkeeping was hands-down their most hated task. Most business owners understand that effective financial management is key to their success. But lack of knowledge, frustration, and even avoidance can add up to accounting mistakes that derail future growth. Protect…  Read more

Why does my business not make money?

If only I had a dollar for every time a client asks me – “If my business is profitable then where is the money?” Most small businesses experience cash flow problems and may at times require urgently working capital. Many business owners immediately think of the bank or loans when money is short.  There are other resources you can tap into before you ask for that expensive overdraft or overdraft extension. The money you need…  Read more

Are your business systems efficient enough?

Many businesses struggle because the owner has not yet established efficient business systems or does not know how to best select them. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management get forgotten. It can be often said that the owner simply doesn’t like bookkeeping or other administrative tasks, so these are the typically the…  Read more

Why engaging a bookkeeper is the best investment for your business

As a small business owner, you’re likely concerned about every dollar you spend. That’s a good thing, because you need to keep track of your income and expenses. It also means, however, that you might be less likely to hire people who can help your business. Bookkeepers, can be a great investment for any small business, provided of course you pick the right one. You may well ask, so what does a…  Read more

Protect Yourself and Your Data – Proactive Steps for Living Safely in the Digital Age

These days your personal data is everywhere, and that information is valuable to marketers, hackers and everyone in between. If you want to prevent the unauthorized use of your personal information, you need to take a proactive approach to protecting yourself and your identity. You can no longer afford to be blasé about your data security – if you are not taking proactive measures to prevent the use of your…  Read more

Improving your business with better time management

When things are hectic, most small business owners wish they could find a way to get more than 24 hours into a day. Often, your ‘to-do’ list can get so long that you feel you never get to put as much attention into every task as you would like. It can also mean more time in the office or dealing with work issues after-hours – cutting into your free time…  Read more

How to get your life back in a seven-day-a-week business

This is one of the biggest requests I receive when working with business owners – “How do I get my life back and not have to work 7 days a week?”  Small business owners already have a difficult and time-consuming job running their business. If their business is open five days a week, they usually need the weekend to catch up on paperwork, pay bills and manage any tasks they didn’t get…  Read more

3 Easy steps to create good habits in your business

Like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritising what you need to do right now – deal with a customer, meet a deadline, attend a meeting or event – and the things you know you should do for the ongoing growth of your business. Scheduling time to attend to these business activities on…  Read more

Single Touch Payroll (STP) is now required for all Australian Business’

  Single Touch Payroll (STP) as of 1 July 2019 is a requirement not just for those Employers with 20 plus employees that had qualified to commence reporting STP as of 1 July 2018, but also for Employers with less than 20 employees. The Australian government had announced “Treasury Laws Amendment (2018 Measures No. 4’ has been passed by the House of Representatives and the Senate and is now forging…  Read more

Tips to Keep Your Business Finances in Order

If you’re like most small business owners, you spend the majority of your time managing daily operations, keeping customers happy, and looking for new ways to grow. Spreadsheets, cash flow analysis, and financial projections are probably not your first passion. However, measuring profitability, creating realistic budgets, and planning ahead for the future are crucial to your professional success. Here are four tips to get a handle on the numbers, and…  Read more

Strengthening your balance sheet

Your balance sheet (now more correctly called a Statement of Financial Position) reveals a great deal about your business, including the total value of your assets – the things you own; how much you owe to others – your liabilities; and the level of your solvency. These three aspects will be studied carefully by lenders and investors − and by buyers if you intend to sell your business. But they…  Read more

Boost Revenue with Mobile Solutions

Could you improve your closing rate with a mobile app? If you own a tablet or mobile phone but aren’t taking advantage of mobile sales tools, you’re missing out on the opportunity to shorten your sales cycle and boost your bottom line. From CRM apps to invoicing and payment technology, there’s a mobile solution for your small business that can make it easier to convert prospects to customers – and…  Read more

How to turn your hobby into a business

Thinking about turning your passion into a paying gig? These steps will help you avoid some common mistakes as you set out to earn an income from your favorite pastime. Do you have what it takes? Unless you’ve run a business before, it’s easy to get carried away with the idea of how perfect it will be to get paid for doing what you love. Reality check: the stress of…  Read more

4 Tips for Getting Your Business Through Tough Times

If you’re a small business owner whose company hasn’t gone through hard times, that’s great but it’s likely to happen at some point. As much as we dream about being brilliant enough at business that we’ll never face slow times, there are many things beyond our control that can negatively affect our business. Here are four tips for getting your business through difficult periods so you can look forward to…  Read more