Boosting Financial Stability: 3 Key Strategies for Australian Medical Practices’ Cashflow Optimisation

Medical practices are the backbone of healthcare delivery, providing essential services to patients in Australia.  However, financial stability is crucial for the sustainability and growth of these practices.  In this blog article, we will explore three key strategies aimed specifically at Australian medical practices, helping them enhance cashflow and achieve long-term financial success.  By implementing […]

I Need a Pay Rise!

It’s July, start of a new financial year.  For some it’s time to take time off, for others a time to reflect on the year that was and what we need to do for the coming one.  I am no different, so, let’s do a little reflecting. At Venta, most of our focus for the […]

Working From Home Expenses – New Fixed Rate

There is a the new revised fixed-rate method for calculating working from home expenses that will soon apply – and not everyone will be happy. From 1 July 2022, employees who work from home can no longer use the 80 cents per hour “shortcut” method for claiming their related expenses. The revised fixed-rate method allows […]

Why Should I Lodge a FBT Return?

It’s a legal requirement to lodge a Fringe Benefits Tax (“FBT”) return if you are an employer and you provide fringe benefits to your employees.  For many small businesses an often overlooked “employee” is the owner – they are included as an employee for FBT purposes and as such is an easy win for the […]

7 tips to help your small business adjust for inflation

Inflation has ballooned worldwide in recent months, and there’s no question that small businesses are feeling the pinch. Supplies cost more, employees are hard to find, and your profits are shrinking. It’s undoubtedly challenging, but you can weather the storm with the following tips. 1. Study your data Your numbers are always helpful, but in […]

8 Tips to Help with Poor Cashflow

With costs rising at rapid rate of knots, it’s unsurprising to hear the biggest complaint for all businesses is the impact on their cashflow. With that in mind, here are our top 8 tips to help manage your cashflow: Create a budget and stick to it:  this means it needs to be realistic and you […]

Are you sure your Healthcare practice is Payroll Tax compliant?

Assuming you haven’t scrolled straight past this article uttering the immortal words “well of course we are, Payroll Tax doesn’t apply to our set-up”…lets have a chat about Payroll Tax. In 2022 the ongoing case of Thomas and Naaz was brought before the NSW Civil and Administrative Tribunal (‘NCAT’).  With the appeal ultimately denied largely […]

How to raise your prices

As prices continue to rise, you’ve likely noticed that your cost of doing business has increased as well. With that in mind, you may be considering raising your prices – as you should. After all, the main point of any business is to make money, and you can’t do that if you’re no longer breaking […]

5 signs you need to start outsourcing tasks

When you start a small business, it’s usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows with it. Because a small business is so focused on survival, […]

Time Blocking vs Time Boxing, other techniques, and how it all fits together

In a world with endless distractions, it’s no wonder that we find it difficult to complete tasks. Focus is hard to come by these days. This is especially true when you’re working from home. Household tasks that would otherwise be out of sight and out of mind are suddenly in your workspace. With that said, […]