Standing out online

With more and more businesses turning to online marketing avenues, businesses need to have a strong strategy for standing out amongst the crowd. Here are three tactics to help your business stand…

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Motivating your staff

The ability to motivate your staff should be a key priority for all employers. Understanding people and what motivates them can see your business thrive. Consider the following tips for motivating your…

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Questions to ask before applying for a loan

A loan can be great help. It can assist you in achieving your goals faster, such as buying a house, purchasing a new car or getting your business up and running. However,…

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Super co-contributions

Individuals may be eligible for a Government super co-contribution. A Government co-contribution means the Government adds to your super. You may be eligible for the super co-contribution, low-income super contribution (LISC) from…

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How to save time and boost efficiency

Many business owners are looking for ways to squeeze more into their cramped work schedules. But unfortunately, this may mean spending more time on unimportant tasks and not prioritising what really needs…

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Selling your home and CGT

When it comes time to sell your home, you may be wondering if you will need to pay capital gains tax (CGT). Generally, if you live in the home you are selling…

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Protecting honest businesses

In its effort to facilitate a fair business environment, the ATO has offered continued support for honest businesses. With an estimated $40 billion lost to the hidden economy, the need for strong…

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Splitting super

When partners in a SMSF separate, there are specific legal and tax implications that should be considered. It is possible to split super benefits, i.e., transfer assets, such as property, from one…

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Understanding your business to better serve your customers

Whether you have been running your business for over 20 years or just starting out, you cannot deny the importance of regularly reviewing your business’ performance. Many business owners may put off…

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Essential social media management skills

With the rise of social media use, it is becoming more important than ever to manage your business’ social media accounts quickly, properly and professionally. Here are three necessary skills for managing…

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Why real-time bookkeeping makes a difference

Keeping business records up to date and in order isn’t necessarily a habit that comes naturally to all business owners. With owners needing to be on top of essentials like expenses, cash…

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Public speaking tips

Public speaking is a common fear but also an unavoidable one. Chances are, if you work in a business environment you will be required to talk in public at some stage in…

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Reporting SMSF changes

Self-managed super fund trustees must notify the Australian Tax Office (ATO) if there are changes to their SMSF. Trustees must provide written notice within 28 days if there are changes to: the…

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Transfer balance account report now available

The new transfer balance account report (TBAR) is available on the ATO’s website. Self-managed super funds can use the TBAR report to report events that affect an individual member’s transfer balance account.…

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Changing your attitude for entrepreneurial success

Attitude is one of the biggest foundations for success. Without a good attitude, business owners can get stuck in negative thought patterns, delay or forgo important business tasks/projects, and essentially, lose their…

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Managing your financial affairs when self-employed

There are many rewards when working for yourself; no boss, freedom to choose your own hours and some lifestyle perks. However, self-employment also means you are responsible for balancing your personal and…

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Boosting employee retention

Even though employee turnover is an inevitable part of running a small business, the costs of recruiting and training new staff can be hefty. The benefits of retaining your most valued workers…

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Starting out on social media

Everyone knows that it’s becoming increasingly important for businesses to develop a social media presence. However, getting started on social media can be extremely daunting if you don’t have a well-thought-out strategy.…

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Using AI to boost SEO

Artificial intelligence (AI) is the way of the future. Businesses ought to adopt AI strategies to enhance their online marketing and presence, to bring in continued profit. Consider how the following strategies…

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Workplace bullying

Many employees spend just as much time with their colleagues as they do with their loved ones. Creating a harmonious workspace is therefore extremely important. Workplace bullying or harassment occurs when unreasonable,…

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How to build a loyal tribe

Building a successful business is almost impossible without a group of motivated employees. Here are three ways to keep your employees loyal to your business: Hire right Hiring someone who doesn’t share…

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Keeping your SMSF compliant while overseas

Travelling overseas for an extended period of time is an exciting adventure. What isn’t so exciting is the prospect of breaking compliance laws in relation to your SMSF while enjoying your trip.…

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Imported services and GST

Under the new law introduced on 1 July 2017, Australian GST registered businesses that import services or digital products for business purposes do not have to pay GST. These businesses will need…

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Choosing the best loan

Getting a good loan can save you thousands of dollars in fees and interest, so it is important to shop around for the best deal. There are many considerations when choosing a…

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Interview tips for any industry

Interviews can be daunting and nerve-racking. You may be perfect for a specific role but unable to land a job because your interview skills aren’t that great. Consider the following to make…

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Legalities of reaching settlement with the ATO

If you find yourself in a position where you need to come to a settlement with the ATO, it is critical you understand the legalities behind the said settlement. Firstly, understand what…

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Creating engaging social media content

Social media content can direct a large portion of online traffic to your business, but it can also deter customers if performed poorly. Consider the following tips for creating engaging social media…

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Ride sourcing – Claiming car expenses

Those who participate in ride-sourcing (i.e., Uber, GoCatch) as a driver can access a number of tax deductions come tax time. You may be able to claim expenses such as: Parking fees…

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How does the super guarantee charge work?

Employers who do not pay the minimum amount of super guarantee for their employee(s) by the due date may have to pay the super guarantee charge (SGC). The charge is made up…

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How to effectively reach your goals

Goal setting is critical for small business success. Achieving your goals helps to strengthen and grow your business and develop your skills as a business owner. Here are three tips to help…

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Improving your content strategy

Developing a successful content strategy can be challenging. Content marketing requires time, effort and most importantly a lot of trial and error. Consider the following tips to improve your content strategy: Excel…

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Legislation passed to protect vulnerable workers

Vulnerable workers are set to receive better protection after the Fair Work Amendment (Protecting Vulnerable Workers) Bill 2017 passed on 5 September. The Bill contains measures such as an increase in the…

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Turning negative customer feedback around

In a perfect world, every customer your business works with will be pleased with how the transaction went and will want to return to you for future business. In reality, this isn’t…

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New measures to crack down on super non-compliance

The Australian Taxation Office (ATO) will receive additional funding for a Superannuation Guarantee Taskforce to crack down on non-compliance by employers. The Government has announced a package of reforms to close a…

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Sharing economy and tax

The ATO is reminding those who work in the sharing economy to be aware of their tax obligations. The sharing economy connects buyers (users) and sellers (providers) through a facilitator who usually…

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New dispute resolution body introduced

As announced in the 2017 Federal Budget, the Government has created a new dispute resolution body – the Australian Financial Complaints Authority (AFCA) which will come into force by 1 July 2018.…

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Single Touch Payroll for streamlined reporting

From 1 July 2018, employers with 20 or more employees will report payments to the Australian Taxation Office at the same time as they pay their employees, using the Single Touch Payroll…

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Business performance analysis on Facebook

Online marketing is at the forefront of marketing for many businesses. Using different social media platforms such as Facebook, Instagram and Twitter is an effective strategy as these platforms are adaptable to…

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Making the most of your tax refund

Getting your tax refund back is exciting, but as tempting as it is to splurge, consider other ways you can put that money to good use. Consider the following options: Add to…

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Taking initiative in the workplace

Initiative is a desirable trait in employees. Showing initiative demonstrates a willingness to innovate, develop and improve. It shows you’re a self-starter and have no problem with taking action. Here are a…

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Strategies to bulk up your super before retirement

To retire comfortably, you should be doing everything you can while still in the workforce to make sure your superannuation is as fruitful as possible. Consider the following: Consolidate super into one…

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Strategies to effectively serve your customers

Customer service should be a key priority of any business. To attract new customers and to keep current customers coming back, there are certain strategies you can employ. Consider the following: Always…

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Marketing strategy hints for Linkedin

With over 500 million users on Linkedin, the business-orientated social media platform is a goldmine for business growth. Employing effective marketing strategies can see your business soar, failing to do so can…

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How to sharpen your focus for optimal performance

Focus requires control. Control of distractions, thoughts and, most importantly, your time. Consider the following tips to improve your focus and concentration in your workday: Tune out distractionsIdentify your biggest distractions and…

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Carrying on a business in an SMSF

Self-managed super funds can carry on a business providing the business is allowed under the trust deed and operated for the sole purpose of providing retirement benefits for fund members. Carrying on…

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Claiming the small business income tax offset

The small business income tax offset can help reduce the tax small businesses pay on business income by up to $1,000. This offset is available from the 2015-16 income year onwards. Small…

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Identifying undervalued assets

Recent research has found that an alarming 31 per cent of SMSF trustees consider choosing investments as one of the hardest aspects of running an SMSF. Value investing is one such strategy…

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How to get more social media followers

The more people that see and interact with your business, the more likely it is they will be converted into customers which means greater profit. Consider the following tips for gaining more…

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Why sole company directors and shareholders need a Will

Dying intestate (without a Will) can pose many complications for the ordinary person. But when a sole director and shareholder of a company dies without a Will it can have an even…

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Checklist in a new leadership role

Starting in a new leadership role can be daunting; as a leader, your team may be quick to judge what kind of leader you are going to be. If you start off…

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