Browsing All Posts By

admin

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

Building generational wealth for your family
Individuals

Building generational wealth for your family

By On August 20, 2020

Building wealth to pass down as inheritance can give your family a strong financial advantage for decades after your death. Inherited wealth can help families make investments in education or property, without… Read More

Efficient website migration
Uncategorized

Efficient website migration

By On August 20, 2020

Having a strong digital presence has now become a basic part of running a business. Business owners are investing time and resources into developing and upgrading their websites. An important thing to… Read More

Making safer workspaces
People

Making safer workspaces

By On August 20, 2020

As employees return to office spaces, there is a growing concern as to how employees can protect themselves at work. It is crucial that employers carefully plan their work spaces to minimise… Read More

Creating a business contingency plan
Business

Creating a business contingency plan

By On August 20, 2020

When business is going well, it can be easy to procrastinate planning for the bad times. However, preparing for disaster before it strikes by having a contingency plan can be the key… Read More

Super

What is an SMSF auditor and what do they do?

By On August 20, 2020

Self-managed super fund (SMSF) trustees are required to appoint an ATO-approved SMSF auditor no later than 45 days before lodging their SMSF annual return. An SMSF auditor is a professional who assesses… Read More

CGT rollover when transferring assets in a divorce
Tax

CGT rollover when transferring assets in a divorce

By On August 20, 2020

Transferring the ownership of assets from one party to another may attract CGT. However, in the event that a change in ownership occurs due to the breakdown of a relationship, you may… Read More

What to consider when developing a sales strategy plan
Business

What to consider when developing a sales strategy plan

By On August 13, 2020

A successful sales strategy plan will provide your business with clear priorities, goals, and outcomes that can help you increase sales. Outline your mission and goalsWhat’s your business’ mission statement? What are… Read More

Survival strategies for small businesses
Entrepreneurship

Survival strategies for small businesses

By On August 13, 2020

Business owners may find that innovation has been dull because of the social and economic impacts of the current situation. If your business is going through a damp sales period, it can… Read More

ABS Update Businesses struggle to fill job vacancies
Economy

ABS Update: Businesses struggle to fill job vacancies

By On August 13, 2020

The ABS has released information reporting the nature of impacts due to COVID-19 for businesses within Australia. One of the key insights into workforce difficulties that businesses are currently facing is filling… Read More

How to make your website accessible
Web

How to make your website accessible

By On August 13, 2020

The key goal for all business websites is to attract as many visitors as possible. However, not many business owners remember to cater their website to those with special needs and disabilities.… Read More

Buying property through your SMSF
Super

Buying property through your SMSF

By On August 13, 2020

Using SMSFs to buy property has become increasingly popular among Australians in recent years, particularly since it became possible for SMSFs to borrow money to fund a direct property purchase. Residential property… Read More

Tax

What is a TPAR and do you need to lodge one?

By On August 13, 2020

The Taxable Payments Annual Report (TPAR) is an industry-specific report through which businesses inform the ATO of the total payments made to contractors for services in that financial year. This information is… Read More

Applying for small business income tax concessions
Tax

Applying for small business income tax concessions

By On August 5, 2020

Businesses looking to save on tax for the financial year may consider applying for income tax concessions. Businesses classified as a small business entity are eligible for income tax concessions. Since 1… Read More

How to select a default fund for your business
Super

How to select a default fund for your business

By On August 5, 2020

Business owners might be required to select a default fund for employees when they do not want to nominate their own superannuation funds. Funds should meet specific requirements that are stated as… Read More

Growing your business with referrals
Business

Growing your business with referrals

By On August 5, 2020

‘Word-of-mouth’ referrals may seem like an outdated concept in today’s digital age of online reviews, but a few credible and positive opinions can still go a long way when it comes to… Read More

How to avoid hiring the wrong person
People

How to avoid hiring the wrong person

By On August 5, 2020

There is a growing demand for new employees as businesses open their doors again. However, a bad hire can damage the reputation of your business, impact the work environment and may force… Read More

Improving your marketing strategy with a chatbot
Technology

Improving your marketing strategy with a chatbot

By On August 5, 2020

Interactive and artificial intelligence technologies such as chatbots are becoming increasingly popular alternatives to human labour in modern business-running techniques. Incorporating a chatbot into your website may be beneficial to your existing… Read More

Individuals

Are you prepared for illness?

By On August 5, 2020

Individuals with chronic diseases or who are at higher risk of illness may have already considered planning for illness. However, in light of the COVID-19 pandemic, preparing for illness can be useful… Read More

ABS Update CPI fell 1.9 per cent in the June 2020 quarter
Economy

ABS Update: CPI fell 1.9 per cent in the June 2020 quarter

By On August 5, 2020

In the latest release from the Australian Bureau of Statistics (ABS), the Consumer Price Index (CPI) fell 1.9 per cent in the June 2020 quarter, the largest quarterly fall in the history… Read More

JobKeeper to be extended
Business

JobKeeper to be extended

By On July 30, 2020

The Australian Government has announced that JobKeeper payments will be extended for a further six months after the initial 28 September 2020 deadline. However, the extended JobKeeper program will have substantial payment… Read More

How to use free samples to grow your business
Entrepreneurship

How to use free samples to grow your business

By On July 30, 2020

Making a good first impression is key to establishing yourself in an industry and securing the interest of your potential clients and investors. The easiest way to get your foot in the… Read More

What to consider when protecting your finances after separation
Individuals

What to consider when protecting your finances after separation

By On July 30, 2020

Dealing with the mental stress and emotional lows at the end of a relationship is never easy, let alone taking on complicated and tedious administrative tasks such as managing your finances. However,… Read More

How well are you using your email list
Web

How well are you using your email list?

By On July 30, 2020

Every business owner’s dream is a marketing strategy that is highly efficient while still being cost-effective. Email marketing is one such strategy that has seen a huge return on investment for businesses.… Read More

Getting your money back from late paying customers
Money

Getting your money back from late-paying customers

By On July 30, 2020

Businesses can be heavily impacted by customers who cannot, or simply will not pay when payment is due. A single unpaid invoice can cause issues, and the longer this debt is left… Read More

Super

How to avoid SMSF disputes

By On July 30, 2020

Self-managed super funds (SMSF) can be vulnerable to disputes, especially when family members are involved. SMSF disputes may be caused by a number of reasons such as relationship breakdowns, (common in funds… Read More

What types of income do you need to include in your business’ tax return
Tax

What types of income do you need to include in your business’ tax return?

By On July 30, 2020

Due to changing economic circumstances, businesses may be receiving income from sources they have never received from, and may be unaware of their tax implications. In the event that they are listed… Read More

Common tax mistakes that businesses make
Tax

Common tax mistakes that businesses make

By On July 23, 2020

Meeting tax obligations as a business owner can be stressful and potentially expensive if done wrong. Certain mistakes warrant severe action, so you can expect the ATO to take a closer look… Read More

What circumstances permit early access to your super
Super

What circumstances permit early access to your super?

By On July 23, 2020

Early access to your superannuation is permitted under a few limited circumstances outlined by the ATO. In the case that you are experiencing financial struggle and would like to withdraw from your… Read More

What is the criteria for a complying loan agreement
Legal

What is the criteria for a complying loan agreement?

By On July 23, 2020

Private companies may be incentivised to make loans to a shareholder or their associate during the income year in an effort to save on income tax. In order to remedy any inequities… Read More

The Government introduces JobTrainer and wage subsidies
Business

The Government introduces JobTrainer and wage subsidies

By On July 23, 2020

The Government has introduced a $2 billion JobTrainer scheme, which aims to help businesses train or re-skill workers in Australian industries of high demand. What is JobTrainer? The new scheme will create… Read More

People

How to build a successful virtual team

By On July 23, 2020

As the pandemic pushes businesses to run their usual operations online, it can be hard to make sure that your virtual teams are working efficiently and productively. Here are some tips to… Read More

How well are you using your data
Technology

How well are you using your data?

By On July 23, 2020

Data analytics is a powerful tool that makes headlines almost every day. Its benefits cannot be overstated as it continues to transform businesses and the way we view information. Most businesses already… Read More

Have you considered the First Home Loan Deposit Scheme
Property

Have you considered the First Home Loan Deposit Scheme?

By On July 23, 2020

First home buyers could save as much as $10,000 under the new First Home Loan Deposit Scheme (FHLDS) introduced by the Government in January this year. Saving a deposit to purchase your… Read More

ABS update Australia records a trade surplus in May 2020
Economy

ABS update: Australia records a trade surplus in May 2020

By On July 16, 2020

Australia has recorded a trade surplus of $8,025 million in May 2020, $195 million up from April 2020’s surplus in balance of trade and goods. In seasonally adjusted terms, goods and services… Read More

Are you charging enough for your product
Entrepreneurship

Are you charging enough for your product?

By On July 16, 2020

The bill you charge for your services can often make or break client relationships. Pricing is one of the most influential factors that encourage customers to buy your product. This calls for… Read More

Pin It on Pinterest