overwhelm

ATO Compliance: Helping a Business Owner Regain Control

We recently had a big client win that we’re incredibly proud of – not just because of the work involved, but because of the transformation we helped bring about. Back in December, we took on a new client who was in a tough spot. His BAS lodgements were more than 18 months overdue, superannuation contributions […]

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 […]

Managing employee morale during times of change

Change is inevitable in any business, but it’s rarely easy – especially when it comes to managing employee morale. Whether you’re restructuring your team, implementing new processes, or pivoting your business strategy, major transitions can leave team members feeling uncertain, disengaged, or even overwhelmed. If you’re a change leader or small business owner, you’re probably […]

Give Yourself the Gift of Rest This Christmas

Why Recharging is Crucial for Business Owners As Christmas approaches, the hustle and bustle of the season mirrors the pace many business owners maintain year-round. We all know someone – or maybe we’ve been that someone – who seems to have endless energy, constantly juggling tasks, pushing forward, and chasing goals. But at what cost? […]

Preparing for Christmas Cash Flow Challenges

With Christmas just around the corner, many business owners are already grappling with Christmas cash flow challenges. As the festive season approaches, managing cash flow becomes increasingly pressing. A Christmas shutdown can strain cash reserves, as income slows or stops altogether while expenses like rent, wages, and loan repayments continue. For small and medium-sized businesses, […]

How Santa Manages His Cash Flow: Lessons for Your Business

Christmas is a magical time, and no one knows how to manage the season better than Santa Claus himself. With a global operation, a team of elves, and a tight deadline, Santa runs one of the most complex “businesses” in the world. But how does he keep it all together – especially financially? This year, […]

Reduce Financial Stress Over the Holidays with People and Tech

The holiday season is a joyful time for many, but for business owners, it can also be a source of significant financial stress. Balancing reduced income with ongoing expenses like wages, rent, and supplier payments can be challenging, especially during a Christmas shutdown. However, with the right blend of technology and teamwork, you can minimise […]

ATO Debt Collection: What Small Businesses Need to Know

As a small business owner, you might have noticed the ATO debt collection took a back seat on during COVID-19. However, things have changed. We’ve seen the ATO switch gears towards a more proactive approach to collecting unpaid GST, PAYG and superannuation. It’s essential to stay ahead of these changes to avoid financial stress and […]

Eradicating Financial Stress Through Cash Flow Clarity

Cash flow is the lifeline of any business, and maintaining a healthy flow of funds is crucial for sustainable growth. At Blackwood Bookkeeping, we understand that managing cash flow effectively goes beyond keeping track of numbers – it directly impacts the well-being of business owners. Let’s dive into why cash flow matters and how we […]

Doubling Down on Purpose: Key Takeaways from Xero Roadshow

I recently had the opportunity to attend this year’s Xero Roadshow, and the theme that stood out was “Doubling Down on Purpose.” This year, it was all about how we can leverage technology to articulate our value to clients more effectively while reconnecting with the core reasons we chose this profession in the first place. […]

The importance of bookkeeping

As a business owner, you’ll need to stay informed about your finances and your financial situation. You do this through bookkeeping. Bookkeeping is the process of recording transactions in your business. This includes any transactions, credit card charges and any other financial activity that happens within your company. How good bookkeeping helps you Bookkeeping is […]

Balancing Business and Joy

As small business owners, we pour our hearts and souls into our business, often spending countless hours dedicated to our passion, and it can be difficult balancing business and joy. Business can become all-consuming, leading to tunnel vision and burnout, where we forget about other things that once brought us joy and balance. While being […]

Navigating Cash Flow in Small Businesses

In the world of small business, positive cash flow is king. It’s the driving force that keeps your business engine running smoothly. But what happens when more money is going out than coming in? Cash flow problems can threaten the survival and growth of your business. Here’s some things you can do to ensure you […]

Preparing for End of Financial Year

Do you want to successfully navigate year end? I hope so! In this webinar we’ll give you essential insights and strategies for optimising your business’s financial health. Learn how to accurately close your books, maximise opportunities, and set your business up for success in the coming year. Don’t miss this opportunity to ensure your books […]

Strategies to Improve Financial Operations

As a small business owner, it’s a constant juggling act between how you can improve financial operations, increase revenue, improve profit, grow the cash. I recently returned from a business development week in Hobart that was full of learning, discussions, brainstorming, and invaluable insights into strategies for growth and improvement. The energy of the event […]

Balancing Stress Management and Business Growth

Running a business can be a lot! Each day can bring a new problem to solve and stress can be common. For small business owners, navigating stress isn’t just about personal well being – it’s a crucial aspect of sustainable business growth. Let’s explore the intricate relationship between business success and the management of stress; […]

Turning Numbers into Financial Insights

Any successful business owner will tell you that the backbone of a thriving business is its ability to understand and use its financial insights wisely. However, the raw numbers on your Balance Sheet or Profit and Loss statement are just the starting point. The key is to turn those numbers into actionable insights that improve […]

Essential Guide to Financial Resilience

Understanding financial stress As a business owner, financial stress may be familiar. The cash flow that is the lifeline of your business can sometimes feel like a rollercoaster, full of unexpected turns and stomach churning drops. How can small business owners ride this economic rollercoaster? Here’s our top tips on building your business resilience while […]