planning

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 […]

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 […]

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 […]

Setting and tracking financial goals for small business success

Setting financial goals for your business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections, they form the backbone of your road map for success, internal and external. Financial goals are something that every single business should possess regardless of […]

Cyclone Alfred: Preparing Your Business

With Cyclone Alfred tracking towards Brisbane this week, business owners need to be prepared for potential disruptions. While the full impact remains uncertain, forecasts suggest significant weather events on Wednesday and Thursday. Taking proactive steps now can help safeguard your business, employees, and financial operations. Here’s what you can do to prepare. 1. Ensure Business […]

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 […]

Year in Review: Reflections, Achievements, and Learnings

As the year draws to a close, let’s take a moment to reflect on an incredible 2024 filled with growth, challenges, and significant milestones. This year was a transformative one for Blackwood Bookkeeping, and it wouldn’t have been possible without the unwavering commitment and passion of our team. Highlights of 2024 Blackwood Annual Conference in […]

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 […]

Superannuation Compliance: Essential Tips for Employers

As a small business owner, keeping up with superannuation compliance is more important than ever. With the Australian Taxation Office (ATO) tightening its monitoring systems, staying on top of super payments isn’t just good practice – it’s essential! Here’s a rundown of what’s changing, why it matters, and the steps you can take to stay […]

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 […]

Tips for managing your business finances

When you run your small business, you’re probably wearing a number of hats and juggling lots of plates. That makes it tempting to let some tasks slide, especially tasks that are related to your business finances, which can be challenging and often outside your skill set. Here’s our top tips for managing your business finances, […]

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 […]