To-do: Christmas shutdown procedure for businesses

With Christmas right around the corner, you and your team are probably preparing for the holiday shutdown period and settling your annual leave.  That being said, the process is not as simple as closing your doors and turning off your lights, although those are definitely things you should do and not take lightly! Here is a […]

5 tips for preparing payroll during the Christmas period

The payroll procedure during the Christmas period is a little trickier than usual. But not to worry – these few tips should be able to get you sorted. Photo by Jonathan Borba on Unsplash 1. Get a plan going It’s always best to sort out administrative issues ahead of time, especially when heading into holiday […]

Landmark Federal Court ruling decides that casual workers are entitled to paid leave

In a landmark ruling, the Federal Court decided that Robert Rossato, a casual mining worker employed by labour-hire firm WorkPac was entitled to paid leave. The decision could significantly affect payroll costs for many businesses. The judgement of the case decided that Rossato was entitled to annual, sick and carer’s leave. The reason for this […]

Case Study #3 – Sally (Beauty Salon)

Beauty does not require pain. Meet Sally*. The owner of a beauty salon, Sally enjoys the art of accentuating one’s feminine beauty. She relishes in the creativity behind the process of beautifying her clients. More importantly, she believes that helping other people look their best is her vocation. Sally considers herself extremely fortunate to run a […]

Case Study #2 – Bob (Builder)

BOB THE BUILDER Here’s the story of Bob* the builder. Bob is one of our favourite stories that we feel embody how PAQ intends to save the world through bookkeeping. Your average man with a vision and a love for building things, Bob decided to work on a start up of his own. Eventually, with some […]

Case Study #1 – Anthony (SME) – Catch Up Bookkeeping

How we helped a client catch up on over a YEARS-WORTH OF BOOKKEEPING IN LESS THAN A MONTH, and SAVE THEM MONEY in the process.   How Anthony Started Anthony* is your typical small business owner. The type that absolutely loves what he does,but does not give much of a care about much else, ESPECIALLY […]

How to Prepare, Survive and Thrive?

Update your cash flow forecast and budget out ongoing operational cost Got a cash flow forecast and a budget? This is the perfect time to review it! By calculating your ‘fixed operational expenses’ , revised sales estimates and wages, you can adjust yourworkforce and reserve requirements accordingly. This will allow us to take the necessary action […]

Challenges of Small Businesses

One of the biggest challenges surrounding small businesses is how to create a strong internal culture, employee engagement and of course, retaining employees. Being small means the business owners are hands-on as well as having to be strategic and focus on growing their business! It is important to hire the right people with the right technical […]

Do You Have Profit But No Cash? Here’s Why…

The primary weakness of some businesses is that their owners conflate profit and cash when in fact neither of them are the same thing. Profit is what your net revenue is – your revenue once you have deducted your expenses from it. But it’s also something that’s on paper and not necessarily something  you have on […]

Everything You Need To Know About Single Touch Payroll (STP)

You’ve probably seen Single Touch Payroll (STP) now and then in our communications, but what is it really? We’ve all been informed that it’s an implementation that will change the way businesses report their pay as you go (PAYG) tax and superannuation information to the Australian Tax Office (ATO), but questions still prevail. This article will hopefully […]