Blog
Here is how to make sure your business is a success
Business ownership is not for the faint hearted. If you have an idea for a business that you are eager to transform into reality, then there are a few concepts that you may find useful to ensure that your business has the best possible chances of becoming a success.
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When and how to retire from your own business
Retirement as a business owner is something that will likely sneak up on you because business owners are so focused on the here and now for management success. Although you have undoubtedly considered the prospect of retirement in coming years, … Continue reading →
COVID-19 FINANCIAL ASSISTANCE MEASURES
Many of you may be confused about the current Covid Financial Assistance that is available as lockdown dates and eligibility rules change. To assist you we have compiled a basic summary of the main assistance measures currently available. Please note … Continue reading →
Important ATO rulings for SMSFs
We kindly urge you to speak with us about your superannuation goals and current plans to ensure that the best possible outcome is achieved for your financial future. Continue reading →
All things Cryptocurrency
Cryptocurrency is a $1-2 trillion USD market, and it is certainly a concept that is drawing the attention of investors everywhere. With the ability to trade crypto for real estate or businesses or sell it for cash, your options are extensive when focusing on the potentials available. Continue reading →
Home office expenses – the ‘how’ and ‘how much’
It is no surprise that there is increased interest in what, how and how much of additional office expenses can be claimed in tax returns for last year. Many were forced to work from home, some for lengthy periods. The … Continue reading →
Applications now open for the JobSaver Payment
As the name would imply, the JobSaver scheme is designed to help NSW businesses maintain their employee headcount while impacted by the latest COVID-19 restrictions. Continue reading →
The 2021 covid 19 business grant
As we write this, it is a month since stay-at-home restrictions were placed on Greater Sydney, impacting businesses far and wide, and further compacted by restricted freedom of movement throughout the school holidays. Continue reading →
Superannuation changes
Superannuation changes…there’s quite a few of them and they will impact both employers and employees. Here’s what you need to know! Continue reading →
Single Touch Payroll and the end to exemptions – the nitty gritty!
Changes are due to come into effect shortly, but what does it mean from a practical perspective? Continue reading →
Four easy tips to get your tax right
On the road for work? Deductions for transport and logistic employees may include travel and self-education expenses. Continue reading →
Keep your finger on the pulse this tax time.
Are you a doctor, specialist, nurse, midwife or carer? Time for a check-up on the deductions you can claim this tax time! Continue reading →
Get an A+ on your tax claims
Haven’t lodged your tax return yet? Tax time revision is made easy with the ATO’s top tips on what education professionals can and can’t claim. Continue reading →
Making tax time stress free for builders and construction workers
It’s that time of year again when you need to start thinking about your tax. But before you rush to lodge your return, it’s important to double check what you can and can’t claim. Continue reading →
Federal Budget Update
Got 5 minutes for a brilliant summary of the Federal Budget? Continue reading →
How will the Federal Budget affect you?
During this year’s Federal Budget announcement Treasurer Josh Frydenberg stated
“Australia is back!”. The Budget proposes positive changes to superannuation, an extension
of the low and middle income tax offsets and a boost to aged care services. Continue reading →
Tax Time Toolkit for Retail Workers
Find out what you can claim this year as a retail worker. Continue reading →
Funding your retirement – the majority of Aussies cannot rely on Super alone
Around 1.7 million Australians over the age of 70 have no superannuation. Don’t be left short in your retirement. Come see us now. Continue reading →
Single Touch Payroll changes from 1 July 2021
From 1 July 2021, small employers will commence to report for closely held payees, and the quarterly exemption for micro employers will generally cease. This article summarises the ATO guidance. Continue reading →
Fight the flight
Even in volatile markets, the fundamental tenets of good investment remain unchanged: Quality assets, quality structures and quality management. Continue reading →
Tax planning for Australian accountants in 2021
Tax planning in 2021 will be a little different this year. As part of Xero’s Education Month, we are offering a webinar to give accountants and bookkeepers peace of mind as we head into April. Continue reading →
What’s Happening to Small Business Loans in Australia: Will 2020 Crisis Continue in 2021?
From better client relationships to faster data retrieval, we reveal the true strategic benefits of automated workflows – and why it’s so important. Continue reading →
Ladies, make your money work harder!
Growing the money pot doesn’t mean you have to work harder – you can make your money work harder for you. Continue reading →
Latest product news – March 2021
This month, we’ve focused on enhancing our existing products on the Xero platform. Our teams use the ‘test, learn, refine’ principle to continuously improve the features you use every day, so you can streamline your accounting work and grow your business. Continue reading →
Three payroll changes and trends to prepare for in 2021
There are still many unknowns ahead, but there are some things small businesses can start to plan for – these include a number of developments set to impact payroll in 2021. Continue reading →
AgriStarter loan offers support to new farm business owners.
Succession loans and first farmer loans are now available through the ArgiStarter loan to enable new and established farmers to achieve their agribusiness goals. Continue reading →
Five technology trends set to shape 2021
None of us can predict what 2021 will hold—but it’s guaranteed that digital adoption will continue to have a transformative role on the way we do business. Continue reading →
5 skills that should be a part of every manager’s training
A handbook, alone, won’t cut it. Ongoing training is key. Continue reading →
One of our greatest strengths
Being a member firm of the Walker Wayland Australasia network connects YBM to other independent firms who are driven by similar values. Continue reading →
YBM’s Christmas Message
YBM wishes all of our clients a happy and safe holiday period and are looking forward to seeing you all in 2021. Continue reading →
The financial impact of a furry friend
There are over 29 million pets in Australia with approximately 61% of households owning one. Continue reading →
Do you have more than one super account?
There are 10 million Australians with a super account, and more than 36% of those hold more than one. Continue reading →
Youth Allowance Fact Sheet
Youth Allowance. Who’s eligible and who’s not. Continue reading →
NSW Budget 2020/2021
A budget tailored to business recovery and job growth in an effort to stimulate household recovery. Continue reading →
The HomeBuilder Grant has been extended to 31 March 2021.
The HomeBuilder Grant has been extended for 3 months to 31 March 2021 but at a lower rate. Continue reading →
The Regional Job Creation Fund – A great opportunity for Central West businesses.
Now’s the time to expand your business and take on that new project with new funding available for job-creating projects. Continue reading →
HomeBuilder Grant – the deadline is approaching.
The December 31st deadline is approaching fast. Find out if you are eligible. Continue reading →
50% subsidies are now more readily available for apprentices and trainees!
The apprentice and trainee subsidy has been extended and expanded to include more businesses. Continue reading →
Businesses in the Central West are perfectly positioned to make the most of export opportunities…
The Central West is perfectly located to access the abundance of overseas markets. Continue reading →
Federal budget tax bill passes without amendments
The omnibus bill containing a raft of the federal budget’s tax measures has now been passed by both houses of Parliament. Continue reading →
How to decrease Debtor Days and improve your firm’s cash flow
The average debtor days for accounting firms is significantly higher than the average for other sectors. Fortunately, there are simple ways for accountants to reduce debtor days and improve cash flow. Continue reading →
The Federal Budget 2020-21 and what it means for you…
With this years budget, the Federal Government has just announced the largest projected budget deficit since World War II.
Find out how this record spending benefits you. Continue reading →
Confidence will be key to the success of this Budget
The challenge set for the Treasurer in this Budget was to deliver a plan to jumpstart the economy out of hibernation, by encouraging jobs, investment and household spending. Continue reading →
Latest product news – October 2020
Product releases 10.2020 Continue reading →
Covid-19, September 2020 – What are the changes to JobKeeper and other stimulus, and what you can do to help your business navigate a way through.
The Federal Government stimulus is changing at the end of this month. Find out what’s changing and what you can do to help your business adjust Continue reading →
Latest product news – September 2020
Worldwide updates from Xero Continue reading →
Starting a Business That People Need
Here’s how to determine what problems you can solve to make your new business a success. Continue reading →
Tuning into customer emotional cues during the pandemic
What new or even old strategies do you use now to help your business thrive during the pandemic? Continue reading →
Data that tells a human story – Xero Small Business Insights June Data Release
Some of the key findings from June are as follows Continue reading →
Government confirms JobKeeper 2.0 turnover tweak
Treasurer Josh Frydenberg has announced that eligibility for JobKeeper 2.0 will now be based on single quarters, in light of the stage 4 restrictions facing Melbourne. Continue reading →
3 Ways Customer Relationships Will Change Forever In Light Of COVID-19
Customer-centricity has never been more critical for brands Continue reading →
Being a Rainmaker During COVID-19
Refocus your efforts on being a great rainmaker and build your base, not just in customers, but also your talent, your product, marketing and sales, finance, legal and human resources. Continue reading →
Tax time made easier with YBM
Find out how we can help you maximise your tax return and gain expert guidance through our new processing channels. For further information and assistance in completing your tax return. Please contact us today. Orange02 6362 1533Email us27 Sale St(PO … Continue reading →
Starting a Business That People Need
Here’s how to determine what problems you can solve to make your new business a success Continue reading →
#BehindSmallBusiness – Inspiring stories from business owners and Xero partners
Needing some inspirational motivation for your Monday? Continue reading →
Why building a customer database is good for business
There are a range of different strategies to collect customer information. Continue reading →
Jobkeeper 2.0. What changes after 28 September.
The Federal Government have extended Jobkeeper into 2021, but with tighter access and reduced rates. Continue reading →
Cash flow forecasting guide: Make more informed business decisions
To generate a clear view of your business’ cash flow, first you need to make sure you’re capturing the right data in Xero. Continue reading →
Farm subsidies and drought assistance. What support is still available for eligible farming businesses.
A number of changes and some important deadlines, but there is still support available for eligible farming businesses… Continue reading →
7 Financial Lessons the Crisis Will Teach Us
And how we can use those lessons to be smarter moving forward. Continue reading →
4 Ways Solopreneurs Can Strengthen Their Businesses
Even if you work alone, the brand-enhancing ideas of others can help push you forward. Continue reading →
Tax tips when you’re working from home.
The ATO’s new Shortcut Method has been designed to help people working from home claim quickly and easily during the COVID-19 outbreak. Continue reading →
Could ‘covid-recovery’ be as simple as a cash flow budget?
A cash flow budget is a very important place to start your Covid-19 recovery. Continue reading →
7 Tips for Making the Most of Remote Work in 2020
To help, we’ve put together seven of the best tips and tricks to running a modern workplace that encourages employee participation and dials the perks of remote work up to 11. Continue reading →
Is Planning Important for Your Business?
Here’s why you should keep planning as a cornerstone of your business processes Continue reading →
Coronavirus Stimulus – up to $25,000 grants for home builders and renovators.
‘HomeBuilder’, the government’s COVID-19 stimulus for the construction industry, opens today! Continue reading →
Should you outsource to experts?
Not sure if outsourcing business tasks is worth your while? Here are some benefits of outsourcing your work Continue reading →
Rate of COVID-19 job losses slows
The rate of job losses as a result of the economic downturn has slowed down, with the number of Australians out of work suppressed to under a million, according to new figures from the Australian Bureau of Statistics. Continue reading →
7 Tips for Making the Most of Remote Work in 2020
The modern workforce is increasingly remote, and that’s significantly changing the way teams and leadership interact, solve problems, and get the day’s work done. Trying to run remote work as a traditional office will not only introduce a wide range … Continue reading →
Support our team and set us a challenge!
Our dedicated team are keen for you a set them a challenge to help raise money for MS. As many of our friends and clients are well aware, we love clocking up the kilometres for a good cause! So, this … Continue reading →
Why a pandemic is a good time to test new ideas
All businesses experience risk. Government restrictions can be a risk. An economic downturn can be a risk. A slowdown in freight movement can be a risk. Kyla Kirkpatrick, founder and CEO of Emperor Champagne, speaks about innovating during a pandemic Continue reading →
Turning on the taps: JobKeeper hotlines, Australian loans, government aid and cash flow
The government is providing critical financial support for eligible businesses and their employees through the JobKeeper stimulus package. Continue reading →
Guide to detecting scam emails
When you receive an email, and it seems suspicious, take the time to look into its different elements. Continue reading →
Guide to creating a business plan
These two steps are the foundation of your business plan. Without them, it will be challenging to create one. But why should you bother with a business plan? Continue reading →
Do you need an Accountant for your startup?
Working with an accountant during the early stages of your start-up ensures you have the right foundations for your business. Continue reading →
Coronavirus Stimulus – JobKeeper Nitty Gritty
Further clarification on the $130 billion helping hand for businesses and their employees Continue reading →
3 Ways You Can Empower Your Remote Employees
Companies that offer remote work, but don’t have tools or processes in place, may suffer from communication gaps. Continue reading →
Coronavirus Stimulus – How to claim your JobKeeper payment
A simple guide for businesses that explains how and when to claim. Continue reading →
Coronavirus Stimulus – Working from home
An explanation of what you can claim from the tax office while working from home. Continue reading →
Six steps to build an effective business continuity plan
A business continuity plan (BCP) is a comprehensive plan with contingencies for business processes, assets, human resources, and business partners in case of an emergency. Continue reading →
Coronavirus Stimulus – NSW government grants for battling businesses
Grants of up to $10,000 to provide fast relief for NSW small businesses battling the effects of COVID-19 Continue reading →
Coronavirus Stimulus Package – Changes to SMSFs
As part of the response to COVID-19, the ATO has announced some potential relief for a Self-Managed Superannuation Fund (SMSF) that rents a commercial property to a related party’s business. Continue reading →
Coronavirus Stimulus Package – JobKeeper payments
A $130 billion helping hand for businesses and their employees Continue reading →
Fundraise your business & own majority shares? Yes you can
I do remain my own boss. And this is worth taking the challenge! Continue reading →
7 steps to manage Payroll Year End with Xero
First things first, grab a cup of tea. Continue reading →
Coronavirus Stimulus Package – Full details of economic response
A complete overview of the Federal Governments support package. Continue reading →
Coronavirus Stimulus Package – Social Security & JobSeeker Payments
The JobSeeker Payment has been expanded to include sole traders, the self-employed, casual workers and contract workers who meet the income tests as a result of the economic downturn due to the coronavirus. Continue reading →
Coronavirus Stimulus Package – Collaboration with banks to boost working capital
Businesses getting bank loans to tide them over and boost their working capital will now have 50% guaranteed by the government and a repayment holiday of 6 months. Continue reading →
Coronavirus Stimulus Package – Instant asset write off
Its official! The instant asset write-off for this financial year is now $150,000 and the eligibility has been expanded. Continue reading →
Coronavirus Stimulus Package – ATO assistance offering
For taxpayers having financial difficulties as a result of the economic downturn caused by Coronavirus, the Australian Taxation Office (ATO) will provide support. This includes more time to pay their tax debt and payment plans that may have zero or low interest. Continue reading →
Coronavirus Stimulus Package – Superannuation
As part of the new Economic stimulus in response to the COVID-19 pandemic, announced on 22 March 2020, early access to superannuation may be available to those affected by COVID-19. Continue reading →
Coronavirus Stimulus Package – Cash stimulus for employers
Phase two of the Federal Government stimulus package includes measures to boost cashflow for employers to help retain staff and keep operating. This applies to businesses and Not-for-profit entities. Continue reading →
Coronavirus Stimulus Package – Apprentice and Trainee Subsidy
YBM have put together a simple explanation of who can claim, what you can claim and how. Continue reading →
Making the top 1%! Why making the AFR’s Top 100 Accounting Firms in Australia is a big deal.
YBM’s inclusion into the Australian Financial Review (AFR) Top 100 Accounting Firms 2019 confirms YBM’s position as one of the top regional accounting firms in Australia.
Manage clients with staff? 6 tips to save time and reduce errors when doing payroll
Don’t worry, the tips are here! Continue reading →
How to stay connected to a remote workforce
More and more workplaces are switching to remote working. The key to success in this way of working is staying connected to your employees. Continue reading →
‘Not interested in dragging disputes out’: ATO expands small business review pilot
The ATO has stopped short of making its small business independent review service a permanent feature as it expands and extends the pilot program until the end of the year. Continue reading →
YBM Approach to COVID-19 (Coronavirus)
As we continue to monitor the situation with COVID-19 (Coronavirus) we wanted to update our clients, friends and the community. Continue reading →
What makes a great leader?
There will be times when circumstance will test your integrity and honesty. Never waver. Stick to your values and keep pushing on. Continue reading →