money

Improving Cash Flow for Small Businesses: Finding Cash You Already Have

Have you ever felt short on cash – even though your business appears busy and profitable? For many business owners, cash flow pressure doesn’t come from a lack of income. Instead, it comes from money being tied up inside the business – sitting in debtors, stock or under-used assets. The good news? When it comes […]

Payday Super Is Coming: What Employers Need to Know Before 1 July 2026

From 1 July 2026, Payday Super becomes law. That means superannuation must be paid at the same time as wages, rather than quarterly. For many employers, this will be a positive shift. For others, particularly those who haven’t yet transitioned, the move may bring short-term cash flow pressure and process changes that need careful planning. […]

Cash Flow Management: Starting the Year Strong

As we move into a new year, it’s the ideal time to review one of the most important foundations of a sustainable business: cash flow management. Positive cash flow is what keeps your business operating smoothly. It ensures wages are paid on time, suppliers are managed confidently, and decisions are made from a place of […]

Business Christmas Preparation: What to Review Before the Holiday Break

The festive season is almost here – just this weekend coming back from a few days in Melbourne, I noticed Christmas trees already up in the airport! So now seems as good a time as any to start talking about Christmas parties, team gifts and end-of year shutdowns. A little business Christmas preparation can save […]

Smart Small Business Debt Management: How to Regain Control and Build Financial Stability

For many small business owners, managing money can be one of the hardest parts of running a business. Tracking expenses, juggling payments, and maintaining cash flow can quickly become overwhelming – especially if you’re also managing debt. A business loan, line of credit, or credit card can be valuable tools to help your business grow. […]

Small Business Smarts: Practical Tips for Staying on Top of Your Finances

Running a business is a juggling act. You’re managing clients, team members, deadlines, systems – and that’s before you even look at the numbers. It’s easy for finances to slide down the priority list, especially if numbers aren’t your thing. But managing your money well doesn’t have to be overwhelming. With the right structure in […]

Where Has the Money Gone?

Understanding Why Your Business Might Feel Broke Even When It Looks Busy It’s one of the most common questions business owners ask themselves: “If I’m working so hard, why isn’t there more money in the bank?” You’ve got work coming in, your team’s working full tilt, revenue looks okay – but cash is tight, profitability […]

When $370K Goes Missing: A Real-World Lesson in the Cost of Bad Bookkeeping

Recently, we onboarded a hospitality client who was experiencing ongoing cash flow stress. Their books were messy, and their Balance Sheet simply didn’t make sense. So we did what we do best – dug deep. What we found was startling: a $370,000 cash shortfall. This was money that should have been received between February and […]

Stop the Leak: How Small Financial Inefficiencies Are Costing You Big

Imagine this. You’ve got a bucket under a tap, filling steadily. You’re not worried – water’s flowing in, the bucket seems fine. But what you don’t realise is that there’s a tiny crack in the base. Not enough to notice at first. Just a slow drip. One drop here, another there. You don’t panic. The […]

Set the Pace: Cash Flow Planning for a Strong Start to the Financial Year

As we’re about to turn the page on another financial year, many business owners are breathing a sigh of relief. The deadlines have been met, the reports submitted, and the shoebox of receipts (hopefully) emptied. But before you shift focus to the next big thing in your business, there’s a golden window of opportunity that’s […]

Superannuation Payments: Cut-Off Planning for EOFY 2025

As the end of the financial year approaches, it’s important to start thinking about your superannuation obligations – especially if you’re hoping to claim a tax deduction for those contributions this year. Timing Matters for Super Payments To ensure your Super Guarantee (SG) contributions are deductible for the 2024–25 financial year, they need to be […]

Minimum Wages Set to Rise: What Business Owners Need to Know

Minimum wages are set to rise with the Fair Work Commission handing down its Annual Wage Review decision for 2024–2025 – announcing a 3.5% increase to the National Minimum Wage and minimum award wages. This change will come into effect from the first full pay period on or after 1 July 2025. If you’re a […]

Say Goodbye to Tax Deductions for ATO Interest Charges

From 1 July 2025, the rules around ATO interest charges are changing – and not in a way that benefits your tax return. If you’ve ever relied on claiming the General Interest Charge (GIC) or Shortfall Interest Charge (SIC) as a tax deduction, that strategy is about to be scrapped. As of the new financial […]

Avoid a Cash Flow Crisis with These Simple Tips

Let’s talk cash flow – the lifeblood of your business. Even if you’re turning a profit on paper, running out of cash can stop your business in its tracks. It’s one of the most common issues we see with small business clients, and the good news is: it’s usually avoidable with a few simple habits […]

How to Protect Your Business Against AI-powered Scams

At Blackwood Bookkeeping, we work closely with business owners every day and one thing that’s becoming increasingly clear is this: AI-powered scams are getting smarter. Thanks to AI (artificial intelligence), fraudsters now have some seriously powerful tools at their fingertips. And that means small businesses, like yours, need to be more vigilant than ever. We […]

New ATO Rules: Monthly Activity Statements for Non-Compliant Businesses

The ATO is getting serious about compliance – and small businesses who regularly lodge or pay their BAS late could soon feel the heat. From July 2025, the ATO will begin mandating monthly Activity Statement lodgements for businesses with a poor compliance history. If your business has a track record of late lodgements or overdue […]

What Small Business Employers Need to Know About Pay Day Super – And How to Prepare Now

If you’re a small business owner and employing staff, there’s a big change coming your way – and it’s called Pay Day Super. While it’s not scheduled to be mandatory until 1 July 2026, forward-thinking businesses (like our clients) are already preparing – and in some cases, already using it. So, what is Pay Day […]

Tired of chasing payments? Handy tips for Managing Receivables

Running a small business is a constant juggle, and one of the more frustrating tasks is managing receivables. How often have you found yourself waiting on overdue invoices, wondering if you’ll have enough cash flow to cover next month’s or even next week’s expenses? If this sounds familiar, you’re not alone. Many small business owners […]