Creating meaningful business connections this festive season

The festive season is a great time to strengthen existing business relationships and foster the emergence of new ones. Consider the following tips for ensuring your business stays competitive not only during…

Continue reading

Nailing social media marketing in 2018

As the New Year lingers just around the corner, brushing up and revising your social media marketing strategy is important. Technology and the way we use it is always morphing, which means,…

Continue reading

Loan or gift?

Giving your children a helping hand financially seems like the right thing to do, but it can easily go awry without proper documentation. Providing money to your adult children can pose all…

Continue reading

Celebrating Christmas in your office

Christmas can be a very exciting time for many, and it can also be the dreaded season for others. Consider the following tips for celebrating Christmas in style, to ensure that all…

Continue reading

ATO action on overdue SMSF annual returns

The Australian Tax Office (ATO) is cracking down on self-managed super funds (SMSFs) that have overdue SMSF annual returns, particularly those with two or more returns overdue. As part of its compliance…

Continue reading

Early payments

Taxpayers are being reminded they can prepay amounts towards their expected tax bill to help stay on top of their tax and avoid falling into debt. To make a prepayment to the…

Continue reading

Creating a strategy for Instagram

Instagram is no longer a social platform that can be ignored. The platform’s power to reach audiences and engage with customers is proving as a valuable marketing opportunity. Unlike other social media…

Continue reading

Chasing up payments from slow customers

Following up on customers that don’t pay their bills is a nuisance, but unfortunately, it is part of running a business. There are ways you can protect your business and take action…

Continue reading

Decision making red flags

Part of any business is making decisions; regarding your product, growth, staff, clients, etc. It is important to pick up on signs your business, for whatever reason, may not be the most…

Continue reading

Building rapport with customers

Building rapport is a necessity in forming strong, healthy relationships. This is no different from the relationships you develop with your customers. Customers need to trust you to do business with you.…

Continue reading

SMSF preparations for 2018

As the new year fast approaches, there are a number of considerations SMSF trustees should be aware of leading into 2018. Before the end of the year, take time to address the…

Continue reading

Hiring for the holiday season

The holiday season is a busy time of year for many businesses and it is not uncommon to hire staff particularly for this period. If your business is one with an influx…

Continue reading

Boosting employee engagement

Ensuring employees are engaged and committed to their work will ensure they are making a valuable and profitable contribution to the business. While daily tasks will vary based on the type of…

Continue reading

Benefits of cloud computing

Cloud computing is redefining the way small businesses conduct business; the advantages in the technology allow users to access data off-site, save on IT equipment and give businesses a competitive edge. Here…

Continue reading

Make your credit card work for you

Not keeping track of your credit balance can be a hard but an important lesson many individuals can learn from. Thanks to interest and fees, many individuals may pay for more things…

Continue reading

Time wasters to avoid

Understanding what behaviours and factors which cause employees to waste time is important. Only when you understand why time is not being used efficiently can you implement strategies to overcome this. Consider…

Continue reading

SMSFs warned of risky retirement planning

The ATO is warning self-managed super fund (SMSF) trustees about the risks of some emerging retirement planning arrangements. Retirees or SMSF trustees who are involved in any illegal arrangement, even by accident,…

Continue reading

ATO’s data matching programs

The Australian Tax Office (ATO) has sophisticated data matching programs in place to ensure individuals and businesses are complying with their obligations and to uphold the integrity of the tax system for…

Continue reading

Strategies for growing your online following

Developing strategies for growing your online following is an effective aspect of an online marketing plan. By using strategies to ensure you make the most out of the social media platforms available…

Continue reading

Sexual harassment and the workplace

In a perfect world, sexual harassment would never occur, let alone in the workplace, but unfortunately, that is not the case. Sexual harassment, while it has reduced over the past decade due…

Continue reading

Is your company culture hit or miss?

Once upon a time, people found a job and stayed in it for their working lifetime. In many cases, it was unheard of to change career or to go back to study.…

Continue reading

Getting customers to settle debts

Good credit management is an important business strategy to maintain cash flow and stable finances. A cornerstone of managing credit is not only making sure an invoice gets paid, but gets paid…

Continue reading

How to ensure your branding is consistent

Consistent branding is a big factor in your business’ marketing strategy – it can help build loyal customers, improve recognition and trustworthiness. Businesses that adopt consistent branding techniques gain a competitive advantage…

Continue reading

SMSF annual return for pension phase trustees

Self-managed super fund (SMSF) trustees who are in pension phase must lodge their SMSF annual returns if they remain active, or choose to wind up the fund. The ATO is warning SMSF…

Continue reading

Using the margin scheme for property sales

Those selling property as part of a business sale may be eligible for the margin scheme. The margin scheme is a way of working out the GST you must pay on the…

Continue reading

The importance of employee recognition

Recognising the efforts and hard work of staff not only encourages them to work hard, it also indirectly increases business profits. Consider the following: Promotes positive morale When employers recognise and express…

Continue reading

3 things to avoid when posting on social media

To keep your social media game strong, there are certain things to avoid. Consider the following: Making it personal The business social media platforms should be reserved for posts reflecting the business.…

Continue reading

Financial considerations for students

Managing money on a student budget can be challenging but it does not have to be burdensome. With the right financial skills and knowledge, you can learn to manage your money more…

Continue reading

How to truly set your business apart from competitors

Making your business stand out can be difficult; especially if you are offering the same services as your competitors. No matter how big or small, or what the financial status of your…

Continue reading

SMSFs: Stats

The Australian Tax Office (ATO) has released its June 2017 quarterly SMSF statistical report detailing key SMSF figures. As of June 2017, the number of SMSFs increased to 596,516. The number of…

Continue reading

Changes to GST on low-value imported goods

Australian goods and services tax (GST) will be implemented on sales of low-value goods imported into Australia by consumers as of 1 July 2018. According to the ATO, business will have to…

Continue reading

Internships and unpaid work

Hiring an intern can bring about mutual benefits for the intern and your business, but you could be supporting an unlawful business relationship if you aren’t careful. According to Fair Work Australia,…

Continue reading

How to manage a killer social media content calendar

Social media content has an important and beneficial place in the business world. However, so many businesses do it wrong. Developing a social media content calendar can see the difference between your…

Continue reading

Improving role clarity

In today’s business landscape, many businesses are evolving to keep up with modern day demands. This is resulting in an environment where job roles and responsibilities are ever-changing. Many businesses assume employees…

Continue reading

SMSF: Capital vs revenue expenses

Self-managed super funds (SMSFs) have access to a range of tax deductions for expenses incurred. Whether the expenses are capital in nature or are considered as revenue will affect eligibility for claiming…

Continue reading

Benefits and risks of joint accounts

Joint accounts can be a great financial tool, but they can also be the source of conflict for partnerships. Before setting up a joint account, consider the following pros and cons to…

Continue reading

Managing your staff (professionally)

Business owners and managers have a duty to manage their staff in the utmost professional manner at all times, regardless of the situation. However, many business owners have not grasped the basic…

Continue reading

ATO to focus on cash-only businesses

To protect honest, compliant Australian businesses, the Australian Taxation Office has placed a strong emphasis on targeting the cash and hidden economy. The ATO is visiting businesses that deal predominantly in cash,…

Continue reading

Grow your mail list with social media

Growing your mailing list is a strong marketing strategy, but not all of us know how. Consider the three tips below: Insert a sign-up button Although many businesses have a Facebook page,…

Continue reading

How to boost morale

From time to time, it is normal for employee morale to take a plunge. Whether it is a stressful time at work or a major workplace change is occurring, employees may respond…

Continue reading

Assistance for new business owners

The ATO has established the ‘Business Assistance Program’ to help new business owners understand their tax obligations associated with running a business. Small businesses that have recently registered for an ABN, registered…

Continue reading

Lower House passes first home super scheme

While many Australian’s sit firmly on either side of the first home super scheme debate, the Lower House has passed the scheme. The scheme was proposed in the Budget released in May…

Continue reading

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…

Continue reading

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…

Continue reading

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,…

Continue reading

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…

Continue reading

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…

Continue reading

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…

Continue reading

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…

Continue reading

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…

Continue reading

Pin It on Pinterest

Share This