Where Does the Time Go? Rediscovering Your Life Through Work-Life Balance As a business owner, do you ever feel like there just aren’t enough hours in the day? Your to-do list keeps growing, and you’re stuck handling repetitive tasks, leaving…
💰 PayDay Super: Why Small Businesses Must Act Now (Or Risk Going Bust) From 1 July 2026, Australia moves to PayDay Super — meaning superannuation must be paid at the same time as wages, not quarterly. For many small businesses,…
The Importance of Paying Superannuation Guarantee (SG) on Time and How Upcoming Changes Will Impact Businesses Superannuation Guarantee (SG) compliance is a legal obligation that employers cannot afford to overlook. Timely contributions are critical to employees’ financial futures and help…
The Importance of Timesheets for Businesses: Legal and Practical Alternatives Managing employee time effectively is a cornerstone of running a compliant and productive business. Timesheets are one of the most straightforward and reliable tools to achieve this, providing clear records…
The Joys of Christmas and Navigating the Grinch (ATO) During the Festive Season Christmas is the time of year when joy and generosity fill the air. Businesses often embrace the festive spirit by giving gifts to clients, hosting parties for…
What is a Business Activity Statement and what are my reporting obligations? A Business Activity Statement (BAS) is a report that businesses in Australia use to lodge their tax obligations with the Australian Taxation Office (ATO). It helps businesses report…
Wage Theft in Australia: How Easy It Is to Commit Without Realising Wage theft has become a hot topic in Australia, drawing significant attention from the media, regulators, and the public. While deliberate underpayment of employees is undeniably a serious…
Preparing Your Business for the 12% Superannuation Guarantee Increase The Australian Government has legislated an increase to the Superannuation Guarantee (SG), gradually raising the compulsory rate to 12% by 2025. This change will impact businesses across the nation, especially those…
In today’s fast-paced business environment, embracing digital transformation is no longer optional—it’s essential. Moving to a paperless system not only enhances efficiency but also reduces costs, improves sustainability, and helps business owners reclaim valuable time. At BAS and Balances, we…
Why Every Business Must Provide the Fair Work Information Statement to New Employees. When onboarding new employees, providing the Fair Work Information Statement (FWIS) is a legal requirement for employers in Australia. Beyond compliance, it serves as a cornerstone of…
