Starting a business is an exciting time – you have the vision turned into a reality! You hope it will succeed yet are unsure of the ‘behind the scenes’ conformity.  A sustainable business requires a strong backbone which supports your vision and provides stability in three focus areas:

1. Finan...

17.02.20 08:17 PM - Comment(s)

Keep your focus on driving core business

A business needs the attention of its founder, including attention to growing the idea into a viable product or service. That means that, as that founder, your time should be devoted to strategy, marketing, funding and other key areas that require your focus ...

17.02.20 08:14 PM - Comment(s)

Christine Genocchio, Managing Director of Imperium Corporate Services, has a doppleganger! What is a Doppleganger? It is a non-biologically related look-alike or double of a living person.. Have you ever seen Wonder Woman and Christine in the same room? hmmmm.... 

The article delves into the Man...

17.02.20 08:12 PM - Comment(s)

Challenges that you may face:

  • You’re an expert in your field but not sure if you are looking after your books (financials)/employees correctly
  • Time Poor: are you doing your bookwork late at night?  On the weekends? When you should be spending time with your loved ones
  • Don’t want to ask anyone ...
17.02.20 08:11 PM - Comment(s)

Have you seen the stories where employees have been underpaid and companies are in breach of the Fair Work Act? There needs to be a shift in mindset about the role HR plays within a business. It can be detrimental if you lack knowledge regarding compliance and HR processes – the Fair Work Ombudsman ...

17.02.20 08:08 PM - Comment(s)

Casual employees are paid a higher ‘loaded’ rate and aren’t entitled to annual/personal leave.Long-term casuals are classed as having to be employed on a regular and systematic basis for a minimum of 12 months, with a roster of work and hours that are consistent.

After 12 months, an employee is entit...

17.02.20 08:05 PM - Comment(s)

Casual employment means that an employee is paid a ‘loaded’ rate for the work performed and there is no guarantee of hours.  Numerous employees are happy to be on a consistent roster and paid the loaded rate, knowing that they would not get entitlements.  This could all change after the ou...

17.02.20 08:00 PM - Comment(s)

A Chart of Accounts is a list of accounts and their relevant codes that a business uses in their general ledger.  An account is a unique record for each type of asset, liability, equity, expense and revenue and is used by accounting software to create financial reports.  The chart is sorte...

17.02.20 07:57 PM - Comment(s)

She’s worked across several industries, has owned her own mining company, has a master’s degree in human resources, runs her own corporate services company and is a single mother of two. Profile speaks to Christine Genocchio about how she continues to do it all.

Christine Gen...

17.02.20 07:54 PM - Comment(s)

The days of doing bookwork by spreadsheet or keeping receipts and just handing them in are behind us. Technological advances have provided businesses with a variety of programs that can make your record-keeping and bookkeeping a simple process. You can choose from a variety, including Xero, MYOB, Qu...

17.02.20 07:50 PM - Comment(s)

Single Touch Payroll – what is it?

Single Touch Payroll (STP) is an ATO initiative that rquires employers to report payroll activites online.  So, every single time you create a pay run and pay your employees, you will need to file that information with the ATO each pay cycle.

How is this differe...

17.02.20 07:47 PM - Comment(s)

In the business world, Quality Management is a system that ensures its product and/or services are consistent in output/outcome.  Management define activities, processes and functions that are detailed in a quality policy and its implementation is dome through means of quality planning and qual...

17.02.20 07:43 PM - Comment(s)

Fair Work has introduced a casual conversion which may affect your rights and obligations as an employer from Oct 1 2018.  It was integrated into 85 awards, giving some casual workers the right to request part-time or full-time employment if they have worked certain, regularr hours over a 12-mo...

17.02.20 07:37 PM - Comment(s)
This is the last financial quarter for 2018/2019 – where has the time gone?

Q4 (April-June) is the time for you to wrap up your financials for the past year. Areas that should be focused on are:

Payroll is a very intricate area that is compliant with a variety of stakeholders, being ATO, Fair W...
17.02.20 07:25 PM - Comment(s)