Welcome to Clayton & Foster Accountants Serving Country to Coast

At Clayton & Foster Accountants our enthusiastic accounting team are committed to providing an efficient, reliable and cost effective taxation service – our business is helping you make your business successful. We strive to make our services as accessible as we can, and take pride in our honest and courteous treatment of our clients.

Our broad base gives us the ability to handle large and complicated transactions, while and at the same time allowing us to attend to smaller matters with a flexible and personal approach.

Practical Advice & Understanding

At Clayton & Foster we value our clients, and your concerns are important to us. We also understand the anxiety often associated with obtaining professional advice.

As a consequence we strive to provide a consistently down-to-earth, results orientated service specifically tailored to suit your personal circumstances.

The Fair Work Commission’s annual wage review has resulted in two announcements made this week:

  • The National Minimum Wage will increase by $40 per week, (an increase of 5.2%) from 1 July 2022
  • award minimum wages will increase by 4.6%, which is subject to a minimum increase for award classifications of $40 per week and based on a 38-hour week for a full-time employee.

Costs are increasing

In July 2022, the superannuation guarantee statutory rate will rise 0.5 per cent to 10.5%.

In addition to the rising cost of labour, inflation is forecast to put upward pressure on everyday items. That will likely increase your general running costs and the price of materials. Petrol prices are up, for instance, and supply chain issues have driven up the cost of many imported products.

Time to review your pricing

Is it time to put your prices up? Ideally, your business should increase costs by a tiny amount each year, rather than by a big jump every five years, for instance. Small increases help prevent price shocks for customers, and keep your business in line with the rest of the market.

Can you also cut costs?

If you don’t think increasing your prices is an option, or you still need to make more of a change, you may need to cut back your spending. We look at your business line by line, so we can help you identify areas where you might be able to trim the fat.

Give us a call or drop us a note – we’re here to help.

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