JobKeeper was a useful strategy after all
Economy

JobKeeper was a useful strategy after all

By On November 25, 2020

The latest report by the Reserve Bank of Australia has shown that job losses would have been double if JobKeeper had not been implemented. The wage subsidy program provided a lot of… Read More

Avoid undervaluing your services
Entrepreneurship

Avoid undervaluing your services

By On November 25, 2020

Entrepreneurs might find themselves undervaluing their products and services as they might feel that customers will opt for a cheap option rather than a good option. This fear demonstrates a lack of… Read More

Roadmap to a digital transformation
Web

Roadmap to a digital transformation

By On November 25, 2020

Digital transformation of a business allows you to reach a wider audience and makes interaction with your business a lot more appealing as it is convenient for customers. This will help your… Read More

The risks involved in debt consolidation
Money

The risks involved in debt consolidation

By On November 25, 2020

Debt consolidation is a form of refinancing which involves taking one larger loan out to pay off multiple small ones. Although this might make managing repayments easier, you may end up paying… Read More

Business

Why company culture is important

By On November 25, 2020

Company culture has become an important part of how businesses are perceived. Businesses with a positive culture are more likely to attract clients and customers. Statistics also show that over 50% of… Read More

Transition to retirement
Super

Transition to retirement

By On November 25, 2020

The transition to retirement (TTR) strategy allows you to access some of your super while you continue to work. You are able to use the TTR strategy if you are aged 55… Read More

Tax contributions on your super
Tax

Tax contributions on your super

By On November 25, 2020

How much tax you pay on your super contributions and withdrawals depends on a variety of factors. The process takes into account your total super amount, your age, and the type of… Read More

47 Billion lost in wages at the start of Covid
Economy

$47 Billion lost in wages at the start of Covid

By On November 19, 2020

In the first 8 months of Covid, Australian workers lost $47 billion in wages. A study showed that there was a decrease in the hours workers performed from 760 (before Covid) to… Read More

Work related mental health risk factors
Individuals

Work-related mental health risk factors

By On November 19, 2020

There are over 7,200 Australians who are compensated for work-related mental health conditions. This makes up 6% of all worker’s compensation claims. In total, $543 million are paid in workers’ compensation for… Read More

Why you should invest in technology
Technology

Why you should invest in technology

By On November 19, 2020

Technology can be extremely beneficial for small businesses. It can help businesses grow and be more agile so that they can adapt to changing customer needs. The cost of technology is not… Read More

Responding to an underperforming employee
People

Responding to an underperforming employee

By On November 19, 2020

Given how confusing and stressful these times have been for individuals, you might find that employees are not performing at the standard you expect them to. This can prevent the company from… Read More

What to know before you apply for a business loan
Business

What to know before you apply for a business loan

By On November 19, 2020

A business loan can give you the support you need to fund growth or temporarily relieve cash flow pressures. These are some things to know before applying for the loan: Understand the… Read More

Super fund categories and what they mean
Super

Super fund categories and what they mean

By On November 19, 2020

There are four different categories of super funds. These have different primary features and are more applicable to certain people than they are to others. Retail super funds Anyone can join retail… Read More

Small business CGT concessions
Tax

Small business CGT concessions

By On November 19, 2020

Businesses receive four different types of concessions on top of CGT exemptions and rollovers which are available to everyone. These allow businesses to disregard or defer some or all of the capital… Read More

Why you should have a written partnership agreement
Business

Why you should have a written partnership agreement

By On November 11, 2020

Having a strong relationship with your partners is extremely important, but sometimes it isn’t enough. Having a document which covers all aspects of running the business, both those which are liable to… Read More

What to look out for when buying a property
Property

What to look out for when buying a property

By On November 11, 2020

Property investment is a relatively low risk option, but it can be stressful if you don’t know what to look out for. These are some warning signs that you should keep in… Read More

There is no ‘back to normal’
Entrepreneurship

There is no ‘back to normal’

By On November 11, 2020

The pandemic forced businesses to change drastically. Adapting to practices which are technologically based became integral in order to maintain safe practices. Additionally, if businesses wanted to remain a part of the… Read More

Difference between website and social media for businesses
Web

Difference between website and social media for businesses

By On November 11, 2020

Businesses may be questioning whether they need to create a website if they have a social media presence. However, each plays a distinct role in the formation of a brand identity and… Read More

Money

Tracking your spending to spend less and save more

By On November 11, 2020

It’s hard to know where to start when you decide to take control of your money. It can be helpful to know exactly how much money is coming in and going out… Read More

What is an annuity
Super

What is an annuity?

By On November 11, 2020

An annuity provides guaranteed income for a number of years, or for the rest of your life. It is also known as a lifetime or fixed-term pension. You can buy an annuity… Read More

Claiming your tax deductions
Tax

Claiming your tax deductions

By On November 11, 2020

There are different types of deductions that individuals can claim to reduce their taxable income. Work-related expenses In order to claim work-related tax deductions, the expenses must have to meet three criteria.… Read More

How innovation can help business
Business

How innovation can help business

By On November 5, 2020

Innovation doesn’t have to be a revolutionary and world-changing breakthrough. It can also be small changes you make to continually improve your business. Innovation can help in multiple aspects of business. Improve… Read More

Developing an investing plan
Individuals

Developing an investing plan

By On November 5, 2020

Investing can seem intimidating but creating a plan will help you find the investments that are right for you and your financial situation. Review your finances Work out what you owe (debts)… Read More

E invoicing under the Digital Business Plan
Technology

E-invoicing under the Digital Business Plan

By On November 5, 2020

As part of the Digital Business Plan, the government has stated that electronic invoicing (e-invoicing) will be mandated by July 2022. Businesses will no longer need to generate paper-based or PDF invoices… Read More

Customer retention strategies
People

Customer retention strategies

By On November 5, 2020

Retaining customers is just as important as acquiring new ones, if not more important. This is because unless customers had a negative experience with your company, they will use your services or… Read More

Breach of employment contracts
Legal

Breach of employment contracts

By On November 5, 2020

Employment contracts contain terms and conditions which both the employee and employer agree upon. Ideally, this contract should be written rather than confirmed verbally to avoid miscommunications or misunderstandings. Contracts may also… Read More

Super

Super scams: What to look out for

By On November 5, 2020

The market for super funds is extremely competitive. Scammers take advantage of this by promising unrealistic benefits to acquire personal or account details. They are able to use this information to steal… Read More

How are investments taxed
Tax

How are investments taxed?

By On November 5, 2020

Investment income needs to be included when conducting tax returns. This includes any income acquired through interest, dividends, rent, managed funds distributions, and capital gains. The income yielded from investments is taxed… Read More

PAYG instalments for business and investment income
Tax

PAYG instalments for business and investment income

By On October 29, 2020

Pay as you go (PAYG) instalments are payments you can make throughout the year to avoid accumulating a large tax bill to pay at the end of the year. Making these payments… Read More

How to get the most out of your bank account
Money

How to get the most out of your bank account

By On October 29, 2020

Banking is often more complicated than you expect it to be with different types of accounts, fees and fine print to take into consideration. You are able to get more out of… Read More

Business principles entrepreneurs should adopt post covid
Entrepreneurship

Business principles entrepreneurs should adopt post-covid

By On October 29, 2020

It is important to adopt new business practices post-covid to keep up with the changes that have occurred. Socially distanced customer service: Businesses should aim to provide easy-to-access customer service. This includes… Read More

CommSec report Tasmanian economy outperforms the rest of the country
Economy

CommSec report: Tasmanian economy outperforms the rest of the country

By On October 29, 2020

The CommSec reports demonstrated that while the rest of the country is still struggling to get back to normal, the Tasmanian economy has shown consistent improvement, being the top-ranking economy for the… Read More

Web

Running a successful email marketing campaign

By On October 29, 2020

Email campaigns are important because research shows a large percentage of both adults and teenagers regularly use email. Running a successful email campaign can significantly contribute to customer interactions and generate sales… Read More

Maximise holiday sales during the pandemic
Business

Maximise holiday sales during the pandemic

By On October 29, 2020

This holiday season is not going to be like any other. Preparing for how your business will tackle the change ahead of time will help maximise sales. Maintain a human and compassionate… Read More

First home super saver scheme
Super

First home super saver scheme

By On October 29, 2020

The first home super saver (FHSS) allows individuals to save up for their first home in their super fund. The money saved in the super fund is taxed concessionally and therefore, individuals… Read More

What you can do to stay updated in your field
Individuals

What you can do to stay updated in your field

By On October 22, 2020

Keeping yourself updated with current knowledge about your field can help set you apart from others. It shows current and potential employees that you are committed to your career and continuously looking… Read More

Technology mistakes to avoid
Technology

Technology mistakes to avoid

By On October 22, 2020

Technology has enabled the optimisation of business processes in many ways. However, some businesses are failing to properly utilise technology. This prevents them from yielding the benefits that it can provide but… Read More

Tax relief for individuals
Tax

Tax relief for individuals

By On October 22, 2020

The Federal Budget for 2020 announced personal and business tax relief through various tax cuts. The legislation was approved by parliament meaning that individuals and businesses will be paying less tax, and… Read More

Consolidating your super
Super

Consolidating your super

By On October 22, 2020

Consolidating your super can save you time and money. Consolidating your super means that rather than having multiple different accounts, all your super is in one account. Why you should consolidate your… Read More

Small businesses and mental health
Business

Small businesses and mental health

By On October 22, 2020

Owning and running a small business often means that you are responsible for most or all of the tasks that need to be completed. Often, owners will find their time being entirely… Read More

Building a strong team
People

Building a strong team

By On October 22, 2020

Individuals often need to come together to form a team in order to successfully accomplish tasks in the workplace. Employers should aim to build team cohesion so that team members are co-operating… Read More

Economy

Unemployment increasing once again

By On October 22, 2020

During the month of September, unemployment rates increased up to 6.9%, which means that the other 29,500 people have lost their jobs. This figure was made up of 20,100 full-time jobs and… Read More

Basics of fringe benefits tax
Tax

Basics of fringe benefits tax

By On October 15, 2020

What are fringe benefits? Employees may opt to make an agreement with their employers that provides them with fringe benefit ‘payments’ in a form other than salary or wages. There are various… Read More

Choosing a super fund
Super

Choosing a super fund

By On October 15, 2020

Choosing a super fund requires taking multiple things into consideration. Such as its performance, the fees you will be required to pay, details of the insurance, and different investment options that are… Read More

Best practices in business management
Business

Best practices in business management

By On October 15, 2020

Engage employees in the company vision It is important to share the business vision with employees so that they feel more motivated and enthusiastic. This will not only develop an interest in… Read More

Protecting your business from cybercrime
Web

Protecting your business from cybercrime

By On October 15, 2020

Having a digital presence nowadays is crucial to getting the most out of marketing your business. However, being online puts you at risk of being a target for cybercrime, which means that… Read More

Property

What property investors need to look out for

By On October 15, 2020

All investments have an aspect of risk and property investment is no different. How comfortable you are with the risk is generally an indication of your financial situation, age and expertise. There… Read More

Bringing millennials to your business
Entrepreneurship

Bringing millennials to your business

By On October 15, 2020

Millennial job seekers are often far from the irresponsible job-hoppers many make them out to be. And while they may come from a generation that is unfamiliar to many entrepreneurs and other… Read More

Speeding up invoice payments
Money

Speeding up invoice payments

By On October 15, 2020

Taking care of invoice and billing payments can often be an onerous task for many small businesses. However, very few things are more important in the business industry than getting paid on… Read More

Making employees feel valued
People

Making employees feel valued

By On October 6, 2020

Statistics have shown that employees who feel valued are more motivated to perform their best. But how can a business make employees feel valued so that they can encourage this behaviour? Recognition… Read More

What is Organisational Culture
Business

What is Organisational Culture?

By On October 6, 2020

Understanding what organisational structure is can help with making decisions about your business in all areas. Organisational culture is multifaceted, it consists of the shared values, beliefs and norms in the workplace,… Read More

What to look out for in an employment contract
Legal

What to look out for in an employment contract

By On October 6, 2020

Reading any contract before you sign it is essential, but there are some things you should keep a special eye out for when signing an employment contract. Award Coverage You should always… Read More

Insuring your super
Super

Insuring your super

By On October 6, 2020

Most super funds offer insurance as part of their super plan. It is important to be aware of what types of insurance you are covered by through your super fund to help… Read More

JobMaker Hiring Credit
Tax

JobMaker Hiring Credit

By On October 6, 2020

Job losses have been extensive during the COVID-19 pandemic and the JobMaker Hiring Credit will give businesses incentives to take on additional employees aged between 16 and 35 years old. Eligible employers… Read More

Technology

What is assistive technology?

By On October 6, 2020

Assistive technology is any piece of equipment, software, or device, that helps improve the functional capabilities of people with disabilities. These technologies are not necessarily high-end or expensive to implement but can… Read More

How to stop procrastinating on your phone
Individuals

How to stop procrastinating on your phone

By On October 6, 2020

Smartphones have made procrastination too easy! Luckily, you can make some small changes which might help you reduce it! Prune your notifications Notifications are designed to grab your attention. Cutting down the… Read More

Insolvency reforms to support small business
Tax

Insolvency reforms to support small business

By On October 6, 2020

The government recognises that despite support to get through the COVID-19 outbreak, not all businesses are going to remain viable. Many small businesses will have significantly increased levels of debt in order… Read More

Upskilling Australia
Tax

Upskilling Australia

By On October 6, 2020

The Budget highlights the government’s commitment to getting people back in jobs and upskilling Australians. The JobTrainer Fund which falls under the JobMaker Plan will support up to 340,700 free or low-fee… Read More

Lower taxes for businesses and individuals
Tax

Lower taxes for businesses and individuals

By On October 6, 2020

The Budget seeks to promote tax reform and simplification in an effort to support business investment and help reduce the personal income tax burden. Business Businesses are encouraged to invest with the… Read More

Long term tax effective Investments
Tax

Long term tax-effective Investments

By On October 1, 2020

Determining where to invest requires multiple factors to be taken into consideration. One such factor may be tax efficiency. The tax charged on income from a tax-effective investment is less than the… Read More

Salary Sacrificing for your Super
Super

Salary Sacrificing for your Super

By On October 1, 2020

One of the most effective ways to add to your super balance is through salary sacrifice. Salary sacrifice involves the employee agreeing to exchange a portion of their salary (before tax) for… Read More

Tips to upscale your business
Business

Tips to upscale your business

By On October 1, 2020

Set realistic and actionable goals Businesses should set realistic and actionable small goals which they can work towards, rather broad goals which provide no direction. Setting broad and unrealistic goals is demotivating… Read More

Building a social media strategy
Web

Building a social media strategy

By On October 1, 2020

The right social media strategy can boost customer interaction and improve customer relationships. A social media strategy will help plan out the type of content that needs to be made, when it… Read More

Economy

Government introduces Digital Business plan

By On October 1, 2020

COVID-19 has meant that more and more businesses are prioritising their online presence and the government wants to support this change. The government is set to allocate $800 million which will be… Read More

Importance of taking a mental health break
Entrepreneurship

Importance of taking a mental health break

By On October 1, 2020

People won’t hesitate to take a break when their physical health is bad but are reluctant to treat their mental health with the same importance. Your mental health plays a huge role… Read More

Which bad money habits could be getting in your way
Money

Which bad money habits could be getting in your way

By On October 1, 2020

How you spend your money determines how well you can save you money. Spending more than you have or buying unnecessarily can severely impact how efficiently you can save. Sometimes you aren’t… Read More

Income Tax cuts in Federal Budget Benefiting high income earners
Tax

Income Tax cuts in Federal Budget Benefiting high-income earners

By On September 24, 2020

In its efforts to boost the economy, the Federal Government is considering bringing the planned income tax cuts forward. The intention behind these cuts is to boost the economy by boosting consumption.… Read More

Amnesty means that 24000 businesses own up to underpaying Aussies superannuation
Super

Amnesty means that 24,000 businesses own up to underpaying Aussies superannuation

By On September 24, 2020

An amnesty scheme which ended earlier this month has caused around 24,000 businesses to admit to underpayment of their worker’s super. A total of 588 million dollars will be distributed to almost… Read More

What business structure suits your business
Business

What business structure suits your business?

By On September 24, 2020

An important decision to make before you start a business is what structure your business will run under. This will reflect into all facets of your business, so you should spend time… Read More

Dealing with interview jitters
People

Dealing with interview jitters

By On September 24, 2020

An interview can be intimidating even if you are the perfect person for the job. Improving your performance during an interview can be a matter of learning to alleviate your anxiety. Preparing… Read More

Using technology to optimise customer service
Technology

Using technology to optimise customer service

By On September 24, 2020

Utilising technology to optimise customer interaction is essential in order to keep up with the competitive market. In order to maintain long-term relationships with customers, their expectations of fast, convenient and personalised… Read More

Individuals

Why is diversifying your investment portfolio important?

By On September 24, 2020

Diversification of your portfolio means that your investments are spread out into different categories. This can mean you are investing in different industries, but also at different levels of risk. Diversification means… Read More

State of the economy after cuts to JobSeeker and JobKeeper
Economy

State of the economy after cuts to JobSeeker and JobKeeper

By On September 24, 2020

The end of September will see a reduction in both JobSeeker and JobKeeper payments. This will mean that, for the first time since March, businesses will be not be able to rely… Read More

Businesses should consider adopting flexible workplace arrangements
Business

Businesses should consider adopting flexible workplace arrangements

By On September 17, 2020

Businesses working from home due to social distancing restrictions can take the opportunity to learn from the experience and consider new work structures coming out of COVID-19. This could mean increased flexibility… Read More

Reframe your failures
Entrepreneurship

Reframe your failures

By On September 17, 2020

Starting and running a business is a lot of work. There are a lot of times when you need to try different things, some work and others don’t. When you’re putting so… Read More

Finding help for your finances during the pandemic
Individuals

Finding help for your finances during the pandemic

By On September 17, 2020

You might have written off financial counselling services as something you don’t need and can probably do yourself before. But with the current financial climate, policies continually changing, and employment status constantly… Read More

Why invest into property now rather than later
Property

Why invest into property now rather than later

By On September 17, 2020

Although the current situation has largely impacted many industries badly, the property market has remained mostly afloat. Other than Melbourne, the property market in major cities is restabilising quickly. The situation in… Read More

Why you need to focus on transparency
Technology

Why you need to focus on transparency

By On September 17, 2020

Spreading misinformation and fake news has become all too easy right now because of social media. How easily social media facilitates deception has meant that being transparent is really important. A survey,… Read More

Super

Getting on top of your SMSF during divorce

By On September 17, 2020

Running an SMSF under regular circumstances comes with enough compliance obligations as it is. Adding divorce or separation into the equation can raise even more legal and tax issues that need to… Read More

The nitty gritty of dealing with self education expense deductions
Tax

The nitty gritty of dealing with self-education expense deductions

By On September 17, 2020

Individuals upskilling and educating themselves during these down times may be eligible to claim a deduction for their self-education expenses. The deductions apply to self-education activities that are directly related to an… Read More

Jobseeker cuts could achieve opposite of what is intended
Economy

Jobseeker cuts could achieve opposite of what is intended

By On September 17, 2020

Australia has been performing fairly well compared to other countries around the globe, but with news of Jobseeker potentially being cut down – from the 25th of September – that could quickly… Read More

The critical steps to a successful partnership
Business

The critical steps to a successful partnership

By On September 10, 2020

It is a tall order to ask for a business owner to manage everything alone, much less lead their business into success. This is why many successful businesses are born from partnerships.… Read More

Readapting to working from the office
People

Readapting to working from the office

By On September 10, 2020

As businesses are looking to bring their employees back into work, it is important to ensure that your workstyle practices allow you to seamlessly integrate into working from the office. Try adopting… Read More

How CGT applies to deceased estates
Property

How CGT applies to deceased estates

By On September 10, 2020

As the saying goes, there are only two things certain in life: death and taxes. Dealing with a deceased estate means facing both. Beneficiaries or legal representatives of a deceased estate will… Read More

Division 7A and private loans
Tax

Division 7A and private loans

By On September 10, 2020

It is not uncommon for businesses to provide loans to shareholders or associates of a company. However, business owners should know the conditions that their loan must satisfy under Division 7A, to… Read More

Avoiding SMSF disputes
Super

Avoiding SMSF disputes

By On September 10, 2020

One of the benefits of SMSFs is the amount of control you have from managing it yourself. However, self-management can leave room for disputes among related parties, especially when family members are… Read More

ABS update annual wage growth in June quarter 2020
Economy

ABS update: annual wage growth in June quarter 2020

By On September 3, 2020

The ABS reports that the seasonally adjusted Wage Price Index (WPI) rose 0.2 per cent in the June quarter of 2020, and 1.8 per cent throughout the year. This was recorded to… Read More

Smart ways to plan your retirement funds
Individuals

Smart ways to plan your retirement funds

By On September 3, 2020

One in two Australians retire earlier than planned due to unexpected circumstances like illness. By identifying your projected retirement position and your retirement goals, you can develop strategies that ensure you have… Read More

Cyber security tips for your business
Uncategorized

Cyber security tips for your business

By On September 3, 2020

COVID has prompted businesses to go digital, making cyberattacks an easy job for scammers. Small businesses are especially at risk because of the lack of resources to purchase high security tools and… Read More

Dealing with work related anxiety
People

Dealing with work-related anxiety

By On September 3, 2020

Studies have shown that while only 9% of individuals have a diagnosed anxiety disorder, 40% experience ongoing stress or anxiety in their daily lives. For many, work can be the source of… Read More

Tips to retaining your customers
Business

Tips to retaining your customers

By On September 3, 2020

Acquiring new customers can often be simpler than retaining existing customers. However, loyal customers give your business a higher chance of succeeding. Unhappy customers stop doing business with you, negatively affecting your… Read More

Super

Tax implications of exceeding super contributions

By On September 3, 2020

A great way to grow your retirement savings is by making regular contributions to your super fund. However, there are limits to extra contributions which when exceeded, may be subject to additional… Read More

FBT exemption for emergency assistance
Tax

FBT exemption for emergency assistance

By On September 3, 2020

Businesses that provide benefits to employees during an emergency situation are likely to have assistance costs be exempt from fringe benefits tax (FBT). It is worthwhile to know what kinds of benefits… Read More

What to consider before refinancing your home loan
Property

What to consider before refinancing your home loan

By On August 27, 2020

As interest rates drop to historic lows, a growing number of homeowners today are considering refinancing their home loans. Refinancing is the process of replacing your current loan with a newer one,… Read More

Black hat strategies that can damage your website
Web

Black hat strategies that can damage your website

By On August 27, 2020

Every business owner is looking to get their business noticed on the search engine results page (SERP). There are various SEO tactics that can be used to get a higher ranking for… Read More

Avoiding mortgage default
Money

Avoiding mortgage default

By On August 27, 2020

As individuals struggle with cash flow through the coronavirus, the Australian Bankers Association records that repayments on almost 500,000 mortgages have been deferred for six months. While repayments can be delayed, they… Read More

Optimising budget for digital marketing campaigns
Business

Optimising budget for digital marketing campaigns

By On August 27, 2020

Maximising returns on investments is the primary goal for every business owner who invests in a marketing campaign for their brand. Learning how to properly test and troubleshoot your budget according to… Read More

Tax

Changes to JobKeeper eligibility

By On August 27, 2020

The Government has introduced additional changes to JobKeeper to help more businesses qualify for the relief payments. One of the key changes was moving the relevant date of employment for an eligible… Read More

Evaluating the risks of business
Entrepreneurship

Evaluating the risks of business

By On August 27, 2020

Entrepreneurs are faced with constant challenges and decisions that often involve taking risks. While risk-taking can be a necessary part of running a new business, entrepreneurs need to make informed and thoughtful… Read More

What to consider when consolidating your super
Super

What to consider when consolidating your super

By On August 27, 2020

The ATO reported that 45% of working Australians were not aware that they had multiple super accounts in 2016. Having multiple super accounts is particularly common for individuals who have had more… Read More

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