The Business Behind Your Business

If you watched our last episode, you will have learned that it is never too late to make a business plan. You can also download our Simple  Business Plan Template to get started.

In this episode, we look at some of the common mistakes business owners make when creating and using business plans.

So look out for these 5 common business plan fails:

1. Not actually making a plan
2. Lack specific goals
3. Plan isn't implemented
4. No accountability
5. Nothing is measured

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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What are your business and personal goals for the year? What plans have you made? How will you implement these plans? How will you assess if your goals are being met? If these questions leave you feeling overwhelmed, never fear!

It's NEVER too late to make a business plan.

Find out the benefits of making a business plan, plus some simple tips to get you started.

• Learn about the simple framework for assessing your starting point - where you are now so you know the base for where your plan starts
• Help you pinpoint where you want to be in 1 year, 3 years and 5 years
• Help you identify the big issues you need to deal with to achieve your goals
• Help you identify the actions you need to take and the resources you will need to achieve your goals
• Provide a framework for determining where to start - what are the priorities for you right now and what can wait?
• Learn how to capture your goals in a simple business plan
• The 90 day review - why you must review your actions and results and check on your progress regularly!
• How to avoid the 5 most common reasons business plans fail

Download our Simple  Business Plan Template to get started.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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The 2023 calendar year has drawn to a close. For many, it was still a year of hangover effects from covid and poorer economic conditions. For many others, it was a year of substantial growth and increased profits. 

So what set those businesses apart?

In this episode, our host Paul Sweeney reflects on some of the key takeaways from conversations with our guests and business owners.

From all of the team at The Business Behind Your Business, wishing you a safe holiday season and a prosperous 2024.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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What do you need to consider when choosing an accountant for your business? It's an important decision -  getting the right accountant for your needs can help you build a profitable and healthy business. 

Here are some key factors to consider:

• What services does your business need? 
• What are your values?
• What are the qualifications and experience of the accountant?

Benefits of using an accountant:

• Improved systems and processes
• Stay up-to-date with your compliance obligations
• Take advantage of business opportunities
• Save time and money

Useful links for when you are choosing an accountant for your business:

Search for your accountant and check their qualifications here - Tax Practitioners Board https://www.tpb.gov.au/home

Blogs on choosing an accountant 

• Do you have the right accountant for your business? 
• Is your business missing out by not using an accountant? 
• What do you need to consider when choosing an accountant?

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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One of the accepted risks of running a business is being audited by the tax department. Nowadays, there are multiple government agencies that you and your business  may need to deal with, apart from just the Australian Tax Office and possible income tax audits. With increased data sharing between government organisations, it has become much more common to have audit activity triggered for things like payroll tax issues or not paying superannuation to employees.

To help us understand what is happening with audits, and how you can best prepare for them, we are joined by Rod Spicer from Accountancy Insurance. We'll also learn about their Audit Shield service, a useful safeguard against the financial implications of an ATO audit.

If you would like more information on Audit Shield and how it can safeguard your financial well-being, contact Pretium Solutions at info@pretiumsolutions.com.au

Rod Spicer is a qualified Chartered Accountant with more than 30 years’ experience in the accounting profession. He has held various roles senior management and Associate Director positions at an international accounting network. 

Rod has worked at Accountancy Insurance since 2013 and is the Associate Director of Claims and Underwriting. In this role, Rod is responsible for the operations of the Claims Department, policy wording development and the management of large and complex claims. 

Rod can be contacted on rod@accountancyinsurance.com.au 
or by calling 1300 797 231.

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What can you do to give yourself the best chance of success in your business? Following on from our last episode on business health checks, Paul Sweeney shares the 7 steps you need to take to create some positive changes in your business.

What kinds of outcomes can you expect? Your business will be more profitable, you'll be less stressed, and you'll feel more in control.

It's very normal for small business owners to get caught up in the day-to-day tasks and to lose sight of the bigger picture. But take a moment and think about this:

What are the consequences of doing nothing?

• Financial uncertainty and stress
• Missed opportunities
• Poor business outcomes

It's time to do that business health check and plan for a better future.

You'll get a free, no obligation report sent to you. It will highlight what is working well in your business, and areas that need improvement. It's a valuable jumping off point for every business.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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In general, small businesses are not healthy. Here are some alarming statistics - Australian Small Business and Family Enterprises Ombudsman (ASBFEO) has found that 49% of small business owners make less than average wages, and two out of 5 micro and small businesses are not profitable.

Interestingly, there are also businesses who are thriving in the current conditions, at the same time these other businesses are failing. And these differences can be seen within the same industries. So what can be done to make more businesses into profitable, successful ventures? If you are concerned about the health of your business, what can you do to improve it?

The first step is to understand what is going on in the business and identify any problems. Seeking help from your business adviser is key.

Start the process today with a Business Health Check Quiz. You'll get a free, no obligation report sent to you. It will highlight what is working well in your business, and areas that need improvement.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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Events have long been a go-to strategy for businesses aiming to showcase their products or services. However, it's not uncommon for these efforts to fall flat despite the considerable investments of time, effort, and money.

In this episode we address the questions of: 

1. How can we turn the tide and make our events successful? 
2. How do we extract real value from hosting these gatherings?
3. And most importantly, how can we use events as part of our business growth strategy?

We are joined by Celia Wouters, Managing Director of Events Outsourced.  Celia looks at what makes a successful event, plus some common mistakes small businesses make. Celia offers some great strategies to help businesses make the most out of their events.

How do we make the event worth the time, effort and cost that we put into it?
 

Celia Wouters is an event management professional who has worked in the events industry for 16 years. Her prior positions have seen her employed on all sides of events – Events Agency, “In-house” company Events Manager and Venue side – which gives her a well rounded view of all aspects of events and enables her to further assist her clients. 

Celia founded Events Outsourced in 2016 from her passion to create engaging and polished events. In the early days Events Outsourced was a “one-woman band” but has grown throughout the years. We now employ a team of events professionals who all share Celia's passion for events.Providing a flexible and personalised service to our clients, we aim to ensure that the events process is strategic yet stress free. 

At the heart of it, Events Outsourced is a corporate event planning agency who care for our clients and our environment. Partnering with us will provide you with a strategic approach to events. With the additional bonus of knowing you are supporting a small business to succeed. Ensure your next event is both strategically driven and planned to perfection. 

Links:
www.eventsoutsourced.com.au/
Facebook
Instagram 
LinkedIn - Celia 
LinkedIn - Events Outsourced

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Knowing your business and providing amazing products or services is only part of running a successful venture. Another crucial aspect of business success is building positive relationships.  From fostering business-to-business ties, to encouraging return customers, to keeping fantastic staff - how you manage relationships is integral to your business.

We are joined by Jason Owen, the Managing Director of D2N Technology Solutions. Jason shares his fascinating business journey in the technology and communications industry. He looks at the importance of developing positive relationships in business and he offers some great tips for start-ups.

Jason Owen is a RF & Electronics Engineer who has the in-depth knowledge to revolutionise the way industries & businesses communicate. With over 30 years’ experience in Broadcast Television, Radio and Event Production, Jason brings to the table a world of experience, insight, and knowledge. A passionate leader who loves a challenge!
From humble beginnings as a DJ at high school to working with the Seven Network, Austereo, Olympic Broadcasting Services, Gravity Media, NEP and Riedel Communications.  Jason is now the Managing Director of D2N – Technology Solutions based in the Hawkesbury NSW.  Jason holds a Bachelor of Electronics & Communications Engineering, and a Double BA in Political Science and Modern History.
Offering both off the shelf and bespoke technical solutions D2N – Technology Solutions covers the audio, video and communications space with the ethos of, ‘premium brands, premium solutions, and premium customers.’

Email Jason at jason.owen@d2n.com.au
Jason's LinkedIn
D2D Technology Solutions LinkedIn
linktr.ee/D2NTechnology
www.d2n.com.au

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Business owners -  here's an important question to ask yourselves, "Do my customers actually know what I do for them?"

We are joined again by Nathan Williams (Customer Return) to look at this crucial issue - and how the use of storytelling can help bridge the gap in understanding and build your relationship.

You can spend a lot of time and energy providing amazing services or products for your customers, but if your customers don't actually know and understand what you are doing, how can they properly value it?

It's important to have systems set up to communicate what you are doing (and the value of what you are doing) to your customers.  This will have a positive flow on to getting great referrals from your customers.

Find out how adding stories to your sales conversations can improve connections with your customers and add a greater understanding of your services.

So don't be a duck paddling hard under the water - let your customers know about the hard work you are putting in that produces your quality service or product that they love.

Interested in learning more about storytelling and sales? Email Nathan and he'll send you a storytelling example. nathan@customerreturn.com.au

Nathan Williams has won, coached clients to win and judged ‘Pitch Competitions’…while also presenting regularly for industry groups, associations and CEO networks on Pitching, Sales and Referrals.

Founder and Managing Director of a Sales Consulting company called Customer Return…Nathan holds a Master of Management from the Macquarie Graduate School of Management and has helped over 100 businesses from start-ups to Westpac and NAB to attract more of their ideal clients, faster.

Nathan’s content is practical and tactical…so you can best communicate your value and attract more of the ideal clients you deserve when you’re next in a Sales conversation and get asked…”So, what do you do?”
Contact Nathan at nathan@customerreturn.com.au

Perfect Pitch Self Evaluation – Customer Return

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We hosted The Business Behind Your Business Meet Up – a fun celebration for our podcast community. All of our podcast guests and listeners have been a special part of our podcast and we wanted to say thank you, plus hear from everyone about their business journeys. It was a great opportunity to network and build our small business community. We also enjoyed morning tea and gave away some podcast merch! (Bonus – you can get your very own podcast tshirts and mugs right here.)

The highlight of the day was our special panel discussion, where we heard some great tips on ‘spring cleaning’ your business – an essential task for business owners after several challenging years. On the panel was our podcast host, Paul Sweeney, along with Luke Iacovelli from UNITECH Solutions and Dave Ferris from DavelCorp Insurance Brokers. We recorded the panel discussion for this very special podcast episode.

Find out some key tips for revitalising your business after several difficult years:

• Why it's essential to regularly audit your business and take stock of what services you engage, what tools you use, and assess what their value is to you
• The importance of simplifying systems to save you time and money
• Learn how you can reduce risk by updating your cyber security measures
• Find out why every business needs to take cyber security seriously

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One of the biggest issues for business owners is managing cash flow. Healthy cash flow is crucial for the success of any business. Cash flow is a term that is often confused with profit. Business owners often say, "My business is busy and profitable, so why don't I have any money in the bank?" Find out why it is so important to understand your financial reports and learn some simple steps to improve cash flow.

We are joined by Amy Bett, a Profit First Professional and host of the Lady Without Limits podcast. Learn about Amy's journey as a business owner and find out how Amy simplifies and demystifies cash flow. Her proven steps help business owners gain control of their cash flow and improve their business's health.

Amy Bett is a Profit First Professional and the host of the Lady Without Limits Podcast. As an expert in the Profit First Method, she helps business owners take control of their cash flow and reach financial stability.

https://amybett.com/
Masterclass Registration
Lady Without Limits Podcast
Get the Profit First book here Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Contact Amy at:
Instagram
Phone # 0434 007 715

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We are joined by Anna Ruth from Freedom for Humanity for an eye-opening chat about modern slavery.  Freedom for Humanity is an organisation committed to creating a world where human rights are upheld, and all individuals can flourish and thrive.

In this conversation we delve into Anna's profound insights, her passion for human rights, and the incredible work being done by Freedom for Humanity to make a positive impact on our global community.

You may be surprised to know what activities fall under the umbrella of modern slavery and how prevalent it is. Learn about restrictions and monitoring being placed on large businesses to help combat slavery.

And if you are a small business owner and think, "What does this have to do with my business?" then listen in. Find out how small businesses need to manage tendering and supply chains to help stamp out modern slavery.

For more information, or to get involved in the fight against modern slavery, check out Freedom for Humanity's website.

Anna Ruth has degrees from Monash University and The University of Queensland, and has worked and travelled around the world.  After learning of Modern Slavery destroying the lives of millions of people worldwide every day and being one of the largest and most lucrative criminal enterprises on the planet, she was compelled to act and founded Freedom for Humanity to help end this terrible scourge.   Anna has dedicated much of her time over the past 6+ years to building Freedom for Humanity Ltd., leading a team of dedicated and passionate volunteers and the Board of Directors, with the aim to raise funds and awareness to fight Modern Slavery both in Australia and overseas.

Contact Anna at  anna@freedomforhumanity.org.au
https://freedomforhumanity.org.au/
LinkedIn - Freedom for Humanity
Facebook - Freedom for Humanity

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As a small business owner, have you ever thought about doing business with large companies and decided it was never going to happen because it was just 'too hard' or the differences between your business and theirs were just too great?

Find out how to successfully bridge the gap between small businesses and larger businesses. Learn about why small business owners can struggle to get contracts with larger businesses - and how to overcome these issues.

We are joined by Bronwyn Reid, from Small Company, Big Business. Bronwyn has a wealth of experience helping the business community work together better. From looking at winning contracts to understanding the mindset of big business, Bronwyn helps small business owners develop the skills to work successfully with larger companies. And Bronwyn also helps those larger companies gain insight into the benefits of working with small companies.

Learn more about Bronwyn's strategies in her book, 'Small Company Big Business: How to find, keep and win big customers.'

Bronwyn is also the author of 'Small Company, Big Crisis'. Find out what you need to do to prepare your business for the next big crisis, and how to come out even stronger. https://bronwynreid.com.au/books/

Bronwyn Reid  is a successful business owner, bestselling author of two books, and winner of multiple business awards. Her books have been dubbed THE textbooks for Small Company – Big Business relationships.

Now, as organisations become more aware of their ESG obligations, Bronwyn’s expertise and experience are critical to business success.

https://bronwynreid.com.au/programs-training/

Bronwyn's books are also available on Amazon:
Small Company Big Business: How to find, keep and win big customers
Small Company, Big Crisis

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We are joined by our special guest, The Honourable Bruce Billson, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO).

Bruce explains the role of ASBFEO and the different programs and services available to assist small businesses.

• Helping small businesses with dispute resolution
• A policy and advocacy space to help small businesses deal with governments and regulators
• Sharing the stories of small businesses and highlighting their importance to the wider community

Bruce and Paul discuss World Micro, Small and Medium-sized Enterprises Day (MSME Day) and why it is an important opportunity to thank our small and family businesses.

The theme for 2023 is ‘small business matters’.

Small and family-run businesses matter by being the lifeblood of our communities and essential to our economy. We depend on them. 

• 97.5% of Australian Businesses are small businesses (Australian Bureau of Statistics)
• Over 5 Million people were employed by small businesses in 2020-21 (ASBFEO)
• Small business contributed 33% of Australia’s total GDP in 2020-21 (ASBFEO)

Head to the ASBFEO website and don't forget to ask  "One thing ASBFEO can do for me"

Bruce Billson commenced his role as Australian Small Business and Family Enterprise Ombudsman (ASBFEO) in March 2021. Bruce brings experience and knowledge to the role of Ombudsman, and an understanding of the issues facing small business, having started his own advisory business in 2016. Bruce’s political career spans 30 years, including his role as Cabinet Minister for Small Business from 2013-2015. Bruce has shown his dedication to small business through being a founding Director of Judo Bank and various board appointments, including the Franchise Council of Australia, Deakin University Business School and Australian Property Institute.

The mission of the Australian Small Business and Family Enterprise Ombudsman is to help ensure Australia is the best place to start, grow and transform a small business and family enterprise. 

The Ombudsman is an independent advocate for small and family businesses.  ASBFEO understands the challenges facing small and family business and provides advice and research to improve policies, access to dispute resolution services and mental health support should the need arise.

https://www.asbfeo.gov.au/

Contact ASBFEO on the InfoLine: 1300 650 460

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The end of the financial year is swiftly approaching  - so what does that mean for you as a business owner? What activities do you need to do to set your business up for the best start in the new financial year?

There are two types of essential business planning that you should be doing at this time of year. First of all, there is tax planning and secondly, there is strategic planning.

Tax planning helps you identify and implement strategies that can minimise your tax liability. This includes taking advantage of tax deductions, credits, and exemptions that are available to you based on your financial situation. By being proactive, you can optimise your tax efficiency and potentially reduce the amount of taxes you owe. Tax planning helps you to better manage the cash flow in your business. You can also download our handy tax planning guide.

And remember it's crucial to do some strategic planning at this time of year. What are your goals for your business? Where do you want to be in 12 months time? What actions do you need to take to make those goals a reality? What resources will you need?

By answering these important questions you are paving the way to a successful year ahead. Add in some cash flow forecasting and you are on your way.

And don't forget to put systems in place to hold yourself accountable to your action plan and measure your results!



Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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If you have a business in Australia, you may have noticed that the Australian Tax Office (ATO) is putting a lot of effort into recovering debt from businesses.

This is because over the last few years, debt collection had been halted because of Covid and it's many issues like lock downs.

We are joined by Bruce Gleeson (Jones Partners Insolvency) to look at ways that businesses can better engage with the ATO and deal with outstanding debt BEFORE it gets to the point of director penalty notices being issued.

Find out some key strategies to manage your business debt better.

Bruce Gleeson is a Director and Owner in Jones Partners, a firm that provides tailored solutions to companies (particularly small to medium enterprises) and individuals in financial difficulty or that require restructuring assistance, exit planning advice or general strategic advice.

He has in excess of twenty five years in corporate insolvency, restructuring, exit planning and bankruptcy experience. Bruce has also held roles in commerce with several Top 100 Companies (James Hardie and AMP) to further add to his professional skills in areas such as compliance and project management.

Bruce is a Registered Liquidator, Registered Trustee in Bankruptcy and a Justice of the Peace (NSW).

https://www.jonespartners.net.au/
https://www.jonespartners.net.au/director-penalty-notices-2/
https://www.ato.gov.au/business/engaging-a-worker/in-detail/director-penalty-regime/

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The Melissa Caddick Ponzi scheme rocked the investment world when it came to light a couple of years ago. Unfortunately, this kind of fraudulent behaviour is nothing new or unusual and we all need to guard against it.

Our special guest, Bruce Gleeson (Jones Partners), is the liquidator for Melissa Caddick and has been very busy working on this case. Bruce shares some advice to help investors protect themselves from Ponzi schemes. He also explores how business owners can use this information to assess new clients, customers, suppliers or business partners and (hopefully) stay clear of fraudulent activity.

Bruce Gleeson is a Director and Owner in Jones Partners, a firm that provides tailored solutions to companies (particularly small to medium enterprises) and individuals in financial difficulty or that require restructuring assistance, exit planning advice or general strategic advice.

He has in excess of twenty five years in corporate insolvency, restructuring, exit planning and bankruptcy experience. Bruce has also held roles in commerce with several Top 100 Companies (James Hardie and AMP) to further add to his professional skills in areas such as compliance and project management.

Bruce is a Registered Liquidator, Registered Trustee in Bankruptcy and a Justice of the Peace (NSW).

https://www.jonespartners.net.au/

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Are you curious about starting a business? Do you want to learn more about the SaaS industry?

Maybe you are interested in becoming an entrepreneur yourself? Listen in and gain some insight from our special guest, Stuart McLeod, co-founder of Karbon. 

Stuart has had many experiences as an entrepreneur. He started off in his early days with creating a tool to solve his own business problem, and luckily found a greater market for it. Jump ahead to Karbon, where Stuart has purposely planned, developed, launched and scaled a successful business. Stuart has done it all.

Learn more about the entrepreneurial world as Stuart discusses his journey - from developing a successful payroll system that was sold to Xero to co-founding a company creating time-saving practice management tools for accountants.

Stuart McLeod started his first business 13 years ago and has had many successful ventures, including Paycycle, founded in 2009, which he sold to Xero in 2011. He then built the global Xero Payroll team that delivers payroll software across the US, AU, UK and NZ markets. In 2015, Stuart co-founded Karbon, and served as CEO until 2023. He lives in Incline Village, Lake Tahoe with his beautiful wife and three kids.

Connect with Stuart on LinkedIn or Twitter
https://karbonhq.com/

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Did you know that a series of changes to industrial relations laws have been happening in Australia? Some have come into effect in Dec 2022 and others are happening throughout 2023. Many business owners are not aware of these changes.

It is necessary for business owners to keep on top of this information - ignorance is no excuse. Penalties will apply to businesses not following the new rules, once a law comes into effect.

Here's a brief summary of the changes most likely to affect small and medium businesses:

• Introduction of paid domestic violence leave
• Changes to pay secrecy/confidentiality laws 
• Changes to discrimination laws (there are three new protected attributes - breastfeeding, gender identity and intersex status)
• Changes to sexual harassment laws (comes into effect 6 March 2023)
• Changes to the right to request flexible working arrangements (comes into effect 6 June 2023)
• Changes to unpaid parental leave (comes into effect 6 June 2023)
• Changes around the use of fixed-term contracts (comes into effect 7 December 2023)

To help you understand these IR changes and what it will mean to your business, we are joined by Paul Cripps (PK People Solutions) and Kylie Maxwell (Frank Law).

Paul Cripps, founder of PK People Solutions, provides operational and strategic HR solutions in collaboration with business leaders and key stakeholders He helps businesses to align the activity of their workforce to the business strategy to improve performance and profitability Paul is a licensed member of the HR Coach Network – the largest independent HR Coaching Network in Australia. His HR corporate career has spanned over 20 years (in Australia and the UK) for QBE Insurance, GE, Allianz, Willis Towers Watson and BNY Mellon.
Contact Paul Cripps at paul@pkpeoplesolutions.com.au
https://www.pkpeoplesolutions.com.au/

Kylie Maxwell, is a lawyer with Frank Law. Kylie specialises in  Employment Law, Not-for-Profit Law and Occupational Health and Safety Law, with 9 years corporate experience through Allens and having worked in-house for a Telco subsidiary. Kylie has  advised on disciplinary and termination issues of a shrinking 400 staff to minimise risk to the business; drafted executive contracts for Catholic church entities; settled discrimination dispute (carer responsibilities) for large aged-care facility; settled adverse action claim for an importer. Kylie has extensive experience in setting up and managing employer contractual frameworks. 

Contact Kylie Maxwell on her LinkedIn or by phone  +61 2 8607 7032 or email kmaxwell@franklaw.com.au
https://www.franklaw.com.au/

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