planning

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 […]

Payday Super: What Business Owners Need to Know and How to Get Ready

If you run a business with employees, you’re likely aware that superannuation is about to go through one of its most significant reforms in decades. The proposed reform known as “Payday Super” will significantly alter when and how you pay the superannuation guarantee (SG) contributions for your employees. Let’s break it down here. What is […]

Preventing Burnout in Business: Supporting Both Your Team and Yourself

The working environment of the past few years has pushed the topic of burnout into the spotlight. Remote work, blurred boundaries, mental fatigue, and the constant pressure to “do more” have left both employees and business owners feeling stretched thin. At Blackwood Bookkeeping Solutions, we work closely with business owners and teams who give everything […]

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 […]

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 […]

From Numbers to Narrative: Using Your Financial Reports to Make Better Business Decisions This Year

Do you ever look at your financial reports and think, “Cool, but what does it actually mean?” You’re not alone! Many business owners receive a bunch of financial reports from their bookkeeper or accountant – Profit & Loss, Balance Sheet, Cash Flow – and file them away without a second glance. But when you understand […]

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 […]

EOFY Survival Guide: What You Should Be Doing Now to Prepare for 30 June

The end of the financial year (EOFY) is just around the corner – and if you’re a small business owner, now’s the time to take action (not panic 😅). With a bit of preparation, EOFY doesn’t have to feel stressful or overwhelming. In fact, it’s a great opportunity to get clear on your numbers, tidy […]

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 […]

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 […]