Bay Business Solutions Group

20/08/2026

From 1 October 2026, businesses will no longer be able to apply a surcharge to debit, prepaid and credit card payments on designated eftpos, Mastercard and Visa networks.

From 1 October 2026, businesses will no longer be able to apply a surcharge to debit, prepaid and credit card payments on designated EFTPOS, Mastercard and Visa networks.This is a significant shift, not only for consumers, but also business owners, who only have a few more months to prepare for this...

20/08/2026

Why is good bookkeeping so vital for your financial management? We’ve got some top hacks for maximising your bookkeeping, and the options for outsourcing this job to the professionals.

In today's digital times, you're probably used to having unrivalled access to your financial numbers, key performance indicators (KPIs) and cashflow metrics. Without good bookkeeping, the speed and quality of your reporting can quickly fall down. So, why is fast and accurate bookkeeping so important...

08/08/2026

Want to push your business to the next level? Here's 10 hot questions to ask yourself as a business owner, with advice on how they can drive your growth and success.

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Running a busy and successful business means you often don’t have the time to step back and work ON the business. This can be a challenge if your aim is to grow and scale the company.As experienced professional business advisers, we know the value of taking the time to ask yourself some pertinent ...

07/08/2026

Cashflow is important for businesses. Cash in the account means more capital to fund day-to-day expenses. Many small business owners report difficulties when it comes to the delay between issuing an invoice and actually getting paid.

Cashflow is incredibly important for businesses. More cash in the account means more capital to fund day-to-day expenses or buy new equipment. However, many small business owners report difficulties when it comes to the delay between issuing an invoice and actually getting paid.Six ways businesses c...

06/08/2026

A solid budget is the foundation for your company’s financial management and success. Here are 4 detailed strategies to stay in control of your business budgeting.

When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations.Let’s take a look at why budgeting is su...

04/08/2026

We may have different names for them but they all come off the same balance!

Sick and carer's leave (also known as personal leave or personal / ...

14/07/2026

Starting your own ‘side hustle’ can be an exciting project and a great way to see if your new business idea has legs in the current market.But could your side hustle actually turn a profit? And is there a demand for the product or service you're offering?Five important questions to ask yourself ...

14/07/2026

In the current economic climate, covering your operational costs and overheads can be a major challenge. Higher running costs are affecting all businesses, from large down to small. In Australia, a recent survey from Prospa shows that nearly half (46%) of SMEs have raised prices over the past three....

10/07/2026

From 1 July 2026, the minimum wage for Australian workers will increase. We explain the numbers behind the increase and the potential impact for your small business.

On 28 May 2026, the Fair Work Commission’s Expert Panel announced that National Minimum Wage and award wages will increase from 1 July 2026.This increase in basic pay is great news for Australian workers, especially during the ongoing cost-of-living crisis, with costs of fuel and basic provisions ...

10/07/2026

From 1 July 2026, thousands more businesses including accounting and professional services firms are now regulated under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.

From 1 July 2026, thousands more businesses—including accounting and professional services firms—are now regulated under Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.This includes newly regulated sectors such as accounting, real estate, conveyancing, legal s...