Author Archives: Karen Conlon

Authorisations for Single Touch Payroll

On the 1 July 2018, the Australian Government introduced Single Touch Payroll (STP) for employers with 20 or more employees. The new scheme requires employers to report payment activities each time employees…

Continue reading

Are Instagram or Facebook ads more effective in e-commerce

Instagram and Facebook are social media giants, and their extensive reach and impact can make or break your business marketing. When deciding about which platform to focus your resources on, several factors…

Continue reading

Everything you need to know about paying off your uni debt

In Australia, we are lucky enough to have student loan programs to cater to the broad demographic of people who want to progress their careers or knowledge through tertiary studies. What is…

Continue reading

Strategies to put an end to negative office gossip

Negative gossip in the office is something that is harmful both to your business and to the employees. Whether it encourages individuals to seek work in a less toxic environment, slows down…

Continue reading

Paying super for different visas

Normally employers have to pay a worker super. However, this becomes confusing with the different visas that employees might be on. Some rules are listed below. Paying super to temporary residentsTemporary residents…

Continue reading

Changes to FBT for Utes

The Australian Tax Office (ATO) has released draft guidelines changing its previous stance on Fringe Benefits Tax (FBT) for utes. Amendments originated from reports that dodgy tax returns were responsible for a…

Continue reading

What not to do on LinkedIn

LinkedIn is one of the first points of contact potential employers and clients will have with your company. Small mistakes or overlooked opportunities can make the difference in creating a professional and…

Continue reading

Become a master of delegation

For leaders and entrepreneurs chronic stress, fatigue and feeling overwhelmed point to one obvious and overlooked solution: you need to delegate. Delegation is a lot easier said than done because there is…

Continue reading

Using your credit card wisely

A credit card can be a useful way to pay for the things you want in life. But if you do not keep track of your credit balance, you may find your…

Continue reading

When to get a business partner

Starting and running a business can be a lot more fun when you are working with someone you like and respect. With a partner, you have someone to share the excitement and…

Continue reading

Employer super obligations reminder

The Australian Tax Office (ATO) is reminding employers to check they are meeting their obligations when it comes to paying super to their workers. To help you make sure you are meeting…

Continue reading

How to recover from a social media blunder

Having an effective social media strategy in place will help your staff avoid making errors when posting content under your business’ name online. However, there may come a time when a social…

Continue reading

What to consider before signing a franchise agreement

It is essential to understand what your legal rights and responsibilities as a franchisee entail before buying a franchise. The franchise agreement is a legal document that includes the rights and responsibilities…

Continue reading

Ways to improve employee development

Focusing on your employees’ development is one of the best long-term investments you can make for your small business. How well they perform and grow in their roles will not only increase…

Continue reading

Managing your working capital

Working capital is the money needed for day-to-day business operations and is often a measure of a business’s liquidity, efficiency and financial health. To ensure your business has adequate working capital, the…

Continue reading

Strong leaders ask for help

There is no weakness in a leader who asks for help. Maintaining success in your small business requires you to seek advice from your employees on a range of matters. However, it…

Continue reading

Winding up a SMSF

The Tax Office is reminding individuals winding up a self-managed super fund (SMSF) that before lodging your final SMSF annual return, you must first have an audit completed by an approved SMSF…

Continue reading

Income tax return: what to report

The time to report and lodge your annual tax return for your business is fast approaching. Remember, what you must report will depend upon the type of business entity you have. Sole…

Continue reading

How to use Facebook effectively

With the way in which social media platforms are always evolving, it is essential to keep yourself up to date with how to use the technology in a relevant way. Based on…

Continue reading

Investing: the basics

Before launching your investment portfolio, it is important to be aware of the strategies you can adapt to manage the risks involved in achieving your investment goals. Here are some basics to…

Continue reading

Consider business structure

Creating a new business is an exciting time for any first-time entrepreneur, but it also comes with making big decisions – one of these will be when you must choose which structure…

Continue reading

What is exempt current pension income?

Any ordinary and statutory income a self-managed super fund (SMSF) earns from assets held to support retirement phase income streams is exempt from income tax – this income is commonly referred to…

Continue reading

TPRS extension to contractors

From 1 July 2018, businesses that supply cleaning or courier services must report payments made to contractors (if payments are for cleaning or courier services) via the Taxable payments annual report (TPAR)…

Continue reading

Tax deduction for landcare operations

You may be able to claim a tax deduction for capital expenditure on a landcare operation in Australia in the year it is incurred. Providing you are a primary producer, a rural…

Continue reading

Customer service and social media

Offering customer service through social media can be difficult. People are used to speaking to a real person, and since social media is all online, businesses cannot add a personal touch to…

Continue reading

What is an unfair dismissal?

When you are let go by your employer, it is important to know if you have been sacked for a valid reason or unfairly dismissed. When you believe you have been unfairly…

Continue reading

Friendly competition in the workplace

When done wrong, competition in the workplace can create a toxic and cutthroat environment. But when done well, a healthy competitive culture not only improves overall business productivity levels but can boost…

Continue reading

Following up on your debtors

It is important for business owners to be consistent when chasing debtors to recover debts in a timely manner. By doing so, they will be able to maintain stable customer relationships while…

Continue reading

Negotiating like a boss

The ability to negotiate well is one of the most desirable skills in the business world. It can help you get the very best outcome from any professional deal. There are many…

Continue reading

Avoid being short changed with your super

With recent regulatory changes to super contributions, it is easier than ever to ensure your employer is paying you the super you are entitled to. There are specific steps you can take…

Continue reading

Making content go viral

Making web content that goes viral is a fantastic asset for your business; the more people that are discussing your business, the more likely your profit margin will increase. Unfortunately, making quality…

Continue reading

Saving for a home

Buying a house is a great accomplishment; you gain a place to call home where you can create a life full of memories in. It is important to develop a plan for…

Continue reading

Inclusivity in the workplace

Creating a workplace environment that fosters inclusivity and belonging for all is important for the longevity of your business. When people feel safe and a sense of community, they are bound to…

Continue reading

Super contribution caps: the basics

Making contributions to your superannuation fund is a great way to grow your nest egg, however, there are caps on the amount you can contribute every financial year to be taxed at…

Continue reading

Rental property and tax

The Tax Office is reminding individuals who either own or are looking to purchase a rental property that there are essential record-keeping and taxation obligations that they must meet. Examples of records…

Continue reading

Avoid these top tax misconceptions

As tax time continues, the ATO has announced the top misconceptions many individuals make when completing their claims for tax deductions. Four popular tax misunderstandings include: 1. Individuals can give credit card…

Continue reading

Protect yourself from early super release scams

When it comes to protecting your nest egg, avoid getting caught out by a promoter of an illegal early release super scheme. Early release super scheme scams will involve a promoter contacting…

Continue reading

Colour psychology in web design

It is no secret that the colour palette you use to design your website will influence what visitors to the site will think of your business. However, colours do more than this,…

Continue reading

Understanding redundancy

It is important to understand what your legal obligations entail before you make an employee redundant. You must make sure it is a ‘genuine redundancy’. Otherwise, you risk the employee lodging an…

Continue reading

Landing your first customers

You have launched your very own startup, your product or service is ready, but you are stuck on how to land your first customer? Consider these handy tips to get the ball…

Continue reading

Launching a business: mistakes to avoid

Launching a new business for the first time is an exciting phase for every entrepreneur. However, it is important to increase your chances for success by being aware of and avoiding common…

Continue reading

Create the perfect call to action

A great call to action (CTA) can increase customer engagement and boost a business’s website conversion rates. It can convince customers to engage in a particular action, such as visiting a business’s…

Continue reading

Eliminate a product and boost your bottom-line

Sometimes the best way a small business can improve their bottom-line is by merely scraping their under-performing products or services. Refusing to let go of stagnant products will put your business at…

Continue reading

Cash-only business? Consider making the switch

The Tax Office has released further findings that reveal cash-only businesses could be missing out on a significant chunk of revenue simply by not offering customers the option of electronic payment. An…

Continue reading

Hiring temporary residents: employer super obligations

Employers are being reminded by the Australian Tax Office (ATO) not to forget that along with permanent residents; temporary residents are also entitled to super guarantee (SG). In most cases, an employer…

Continue reading

Cents per kilometre rate rises for work-related car expenses

The Tax Office has confirmed the rate for work-related car expenses will rise to 68 cents per kilometre for the income year beginning 1 July 2018. The new rate will affect those…

Continue reading

Writing for social media

Engaging in social media is more than sharing just one basic social message on multiple platforms. When writing posts for social media, businesses must tailor their message to the audience they are…

Continue reading

‘Tuning in’ to your customers

One of the easiest ways a small business can fail is simply by falling out of sync with their target market. However, this can be avoided through actively listening to your customers,…

Continue reading

Internet banking: safeguard your savings

Each time you use internet banking to transfer money to family or friends, pay your bills, or check your account activity, consider these handy tips to help keep your savings secure. Check…

Continue reading

Engaging in effective negotiation

The key to success is remembering that everything is negotiable, and that to get a deal you must ask for one. Many people stop right there because negotiating makes them uncomfortable. They…

Continue reading

Pin It on Pinterest