Payroll Tax Law Changes In SA

Posted by Matthew De Zilwa on 04-Apr-2018 11:04:43

What is Payroll tax?

Since the 1st of July 2009, if an employer (or group of employers) has a wages bill in excess of $600,000 for services rendered by employees anywhere in South Australia, they are required to pay a tax on these wages.

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International Women's Day

Posted by Matthew De Zilwa on 08-Mar-2018 16:01:23

The 8th of March is international women's day. Today we take the time to celebrate the social, cultural, political, and economic achievement of women throughout history. AFM Services wouldn't be where it is today without the women who have helped build it and run it. Here are who they are, and why they matter to us:

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3 Cardinal Rules of Effective Cash Flow

Posted by John Zerella on 28-Feb-2018 10:39:28

Blog post from our friends at BIAS Australia

Did you know that two thirds of all small businesses fail in the first three years of operations? (ABS, 2017) It’s a sad statistic, and time and again I have business owners coming to me telling me that the Achilles heel of their business is their cash flow. The problem doesn’t always lie within a lack of it, effective cash flow management is something that can make or break your small business. Here are my three cardinal rules for just that:

Don’t manage cash flow from the bank balance
This almost goes without saying, but you’d be shocked at how many times I see business owners looking at their bank balance as an indicator of their current position. I cannot stress enough, your bank balance IS NOT AN INDICATOR of how you are tracking financially. You should reconcile from your bank balance, and use you cash balance as your indicator for your current business position.

Know your 6 month balance 
What do you expect your cash balance to be six months from now? This one question will transform the way you manage your business and understand your net position. 
This question really gets to the heart of whether you are managing your business or whether your business is managing you.

Planning is king
Planning your cashflow and understanding you future cash flow position is key to making smart and profitable business decisions. Running your business without a comprehensive cash flow plan is near-guaranteed to cause you problems later down the track. 

If you want to hear my comprehensive 5 step process for bulletproofing YOUR small business, and say goodbye to your cashflow worries – come along to our seminar, ‘Ready. Set. Grow! 2.0’. The follow up to last year’s sell out, we delve into how you can stop burning the candle at both ends, and get your business to where you where you want it to be. 

Ticket available now. Get them here!


The Cashflow Handbook

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A Business Event Not To Miss...

Posted by Matthew De Zilwa on 16-Feb-2018 10:37:22

Off the back of last year's hugely successful seminar entitled 'Ready. Set. Grow!', our business advisory arm BIAS Australia are back again - this time, with Ready. Set. Grow! 2.0.

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Are you ready to retire?

Posted by Tony Cafarella on 12-Feb-2018 14:39:50

Australian retirement income rules are extremely complicated. Whether or not you are one of the 70 percent of retirees who will receive the Age Pension depends upon your income and assets. But how the pension combines with super and private savings is difficult to understand. Those who are retiring in their 60s, will have 20-30 years of retirement to fund, so these calculations are critical.

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4 things Beyoncé can teach you about running a small business.

Posted by Matthew De Zilwa on 01-Feb-2018 16:45:45

It goes without saying that the Queen of Pop, Beyoncé is one of the most successful business women of the modern day. Whilst you and I might not (currently) be pop-icons, with a net-worth of over AUD$430 Million there is a thing or two we can learn from the way she does business. Here are 4 things we can all learn from Bey about running a flawless small business.

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So what is Bitcoin? A rundown. 

Posted by Matthew De Zilwa on 16-Jan-2018 17:10:36

BitCoin, Etherium, Cryptocurrency. Chances are you've heard about one of them. What you might not know is what they are, and how they work. Here is our (brief) rundown of exactly that.

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Topics: News

Tax Consessions for Small Businesses

Posted by Matthew De Zilwa on 02-Jan-2018 16:44:01

The Australian Tax Office has made some changes to the tax concessions available to small business entities and their purchases over the 2017/18 financial year. Here are three key changes that relate to income and concessions in your business:

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Topics: ATO, 2018

2018 Small Business Trends for Success

Posted by John Zerella on 15-Dec-2017 16:38:20

As 2018 approaches, so too does the realisation that I didn't see through my resolution to run a marathon this year. In spite of this, many exciting things did happen this year and with that comes the inevitable outlook of what business trends are going to emerge from 2017 to shape small business behaviour in 2018.

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Topics: 2018, Small business trends

Christmas Closure Times

Posted by Matthew De Zilwa on 14-Dec-2017 18:00:00

Firsty, we would like to thank all of our clients for making 2017 a fantastic year. It was our pleasure having all of you on board, and we hope that you had an enjoyable year.

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What is single touch payroll?

Posted by Matthew De Zilwa on 12-Dec-2017 10:49:38

Single Touch Payroll (STP for short), is a reporting change taking place for employers. The Australian Government has introduced legislation that means employers will need to report payments including salaries and wages, pay as you go (PAYG) withholding and super information to the ATO directly from your payroll software at the same time you pay employees.

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Topics: ATO, Payroll

5 Reasons why doing your own bookkeeping is bad for your business

Posted by John Zerella on 11-Dec-2017 17:35:56


Do you currently undertake your own bookkeeping in your business? Like most small business owners, as your business starts it makes logical sense to conduct these activities yourself. Cash saved on outsourcing means more capital to be put back into your business, right? The thing is, as time goes on and your business grows, it becomes necessary to take stock and assess if doing it yourself is really the most cost-effective decision.

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Topics: Bookkeeping