Adrienne owns a small architecture firm and spent the 2018-19 Christmas break reading Mike Michalowicz’s book, Profit First. She was so excited by the read and wanted to implement it in her business straight away. I was a little sceptical as being an accountant I know that being in business is about cashflow first. Curious, I decided to have a read. I wasn’t long into the book before I realised it’s about a methodology to manage cashflow. I settled in and enjoyed the read.

Over the past few months there has been a great deal of focus on large companies not paying their employees correctly. I thought it a timely reminder to take a deeper look into an area that we see many small businesses fall short when it comes to employee entitlements, and that is super.

Do you employ contractors or contract your services as a freelancer to other businesses? Some situations require superannuation payments. And it’s a question I’ve been asked for years from both sides of the fence. But what are the cases when this is required and why? That’s what I talk about in this video. I also talk about several examples and what we’ve done, both for contractors to recoup super owed and businesses to do the right thing by their contractors and stay ATO audit compliant. Plus where to get the right information if you’re unsure about it.