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What is the Right to Disconnect? What small businesses need to know
The Right to Disconnect law has passed in Australia and is now in effect for larger businesses, but employers are still trying to understand what type of after-hours contact is considered reasonable or unreasonable. So, if you run a small business in Australia, what do you need to know? Let’s lay out the facts. What…
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Are you entitled to unclaimed pension credit?
Pensioners urged to check if they could be eligible for Pension Credit to secure the Winter Fuel Payment, worth up to £300 per household. Claiming Pension Credit can also passport pensioners to additional help with housing costs, council tax, and heating bills Comes as Deputy Prime Minister and Work and Pensions Secretary write to Local…
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QuickBooks Online Tip: Clean up Customer Balances
Customers are the backbone of any business. They are the reason our businesses exist in the first place. A regular review of the Customer Center in QuickBooks Online keeps accounts tidy and avoids account balance confusion in the future. To identify customer balances, open the list of Customers, and a summary of unbilled income, overdue…
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QuickBooks Online Tip: Misapplied Payments and Writing-Off Balances
Fixing Misapplied Payments Mistakes can happen! If you have multiple invoices for the same amount for different customers, payments can accidentally be applied to the wrong customers. The more open invoices there are, the greater the chance of applying a payment to the wrong invoice, customer, or both. Sometimes, the payment amount was accidentally modified,…
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Mental health: The best resources for small businesses in Australia
Running a small business can be so incredibly rewarding. You’re completely in charge of making your dreams come true while not having to answer to a boss and doing something you love day in and day out. But running the show also comes with its own set of challenges and stresses, especially during busy periods…
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5 immediate red flags in an employee (when hiring new workers)
As a small business owner, you’re only as successful as the talent you bring on board. So when it comes time to expand your business and hire new team members, you want to make sure you get it right. Whether you’re just looking over someone’s resume or things have already progressed to the interview stage,…
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August is National Wellness Month
August is here, and that means it’s National Wellness Month! It’s the perfect time to focus on self-care, healthy habits, and overall well-being. At McDonald Bookkeeping Services, we believe that a healthy mind and body are essential for a thriving business. Let’s dive into this month of wellness together! Save the Date: All of August…
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Independence Day 2024
Mark Your Calendars: Thursday, July 4th, 2024 That’s right, this year, Independence Day falls on a Thursday, giving you a fantastic opportunity for a long weekend celebration! Whether you’re planning a big barbecue or a quiet day at home, it’s the perfect occasion to gather with your loved ones, decked out in red, white, and…
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Avoid These 8 Common Small Business Bookkeeping Mistakes
Avoid These 8 Common Small Business Bookkeeping Mistakes While it’s definitely not one of the more fun parts of the job, bookkeeping is the backbone of any successful small business. Keeping accurate financial records ensures that your business remains compliant with tax regulations, provides insights into your financial health, and helps you make informed decisions.…
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How to choose the best social media platforms for your small business
No matter the industry you operate in or the size of your business, you need to be on social media to reach your target audience. The best part is that it’s a marketing tool that doesn’t have to break the bank. But choosing the right social platforms for your business can be overwhelming — especially…
