Blog

4 essential steps to follow before hiring staff

  By John Dyke The journey from sole trader to small business employer includes one of the steepest learning curves for entrepreneurs. Here’s what you need to think about as you approach the problem of hiring staff. Knowing when your small business is ready to hire staff is one thing, knowing if you’re able to [..]

Starting your own bookkeeping business – The first steps

Some of you may recognise our interview subject for today. Michael Westerberg was once the recruitment manager here at First Class Accounts, working as part of our Head Office team. Michael helped people start their business journey. He helped answer their questions and guide them on those nerve-wracking first steps to business ownership. Michael loved [..]

Having your own business, without being on your own.

Starting your own business can be a daunting prospect. When Trevor Tillack decided it was time to branch out and become his own boss he realised he had two options. 1. Go it alone or 2. Join a franchise and get some support. Thankfully, for his clients at First Class Accounts Woolloongabba, Trevor chose to [..]

A small business that focuses on creating a meaningful life.

Most people, when they think of starting up a ‘lifestyle business’, think of only working a few hours a day, stopping for a surf when the waves are calling, and never having to compromise your own leisure time. However, is there more to it than that? Could starting up a lifestyle business, actually mean following [..]

Single Touch Payroll

Are you aware of the ATO's introduction of Single Touch Payroll? Single Touch Payroll (STP) is the biggest compliance undertaking since the introduction of GST. Introduced on 1 July 2018 for employers with more than 20 employees, STP will be compulsory for all* employers from 1 July 2019. STP means that all employers must be [..]

What skills do you need to run your own bookkeeping business?

What makes a good bookkeeper? Australia is experiencing a small business boom. Statistics show that states like Victoria, are experiencing the fourth year of uninterrupted SME growth, with newly released figures showing more than 20,000 small businesses were created in the last year. Data also released last year indicates the Victorian small business sector is [..]