How Your Business can Thrive Even in a Recession
The pains caused by a recession can be excruciating, which is why most of us dread the thought of it. A recession can mean massive layoffs, jobs becoming harder to find, and wages frozen, which means consumers hunker down and spend less – often worsening the economic slowdown unknowingly. For most businesses, especially small businesses, […]
Payment Summaries have changed
Last year’s introduction of Single Touch Payroll (STP) means that tax time this year will be a little different. Employers are now required to report pays, taxes and superannuation information directly to the ATO each payday through STP. Employers who do report this way will not have to give you a payment summary as they […]
9 Things You Need to Remember While Negotiating Contracts
With economic downturns comes great opportunities for those in the right place. As a result, for those who are ready, an uptick in contract negotiations can arise. There are several aspects of business which can only be learnt through actual experience. One of them is negotiating contracts. Several people fear the negotiation process because it […]
Becoming a Better Leader by Developing Courage
Fear is a natural, emotional response to distress. The evolution of humanity was dependent upon feeling and responding to fear. Unfortunately for some of us, fear is a stumbling block to unlocking our full potential and becoming great leaders. The good news is, courage is like a muscle and when you exercise courage often it […]
New Home Grants – What Do They Mean For You?
By James Wright The Australian Federal Government and the Western Australian State Government have recently announced new grants available for homebuyers, making it more affordable than ever to build your dream home. With articles about this floating around all over the internet, what this could mean for you might be confusing. We’ve put all the […]
Workplace Flexibility
By Alisa Sainoski It’s raining and you are in your cosy bed and your alarm is blaring, so you hit snooze and wish you could go back to sleep. Now think, What if? What if, your hours were different and instead of waking up during the best part of your sleep, you don’t have to […]
Tax Planning…Is It Really Necessary?
Tax. When the topic rears it’s ugly head in most arenas (from the dinner table to the boardroom), the image of tax returns and possibly financial statements looms large. But tax itself is a much larger and far wider reaching topic than a series of check-box items and red tape forms which need to be […]
Assessing Contractor Solvency
By Alisa Sainoski Insolvency in any industry has impacts on businesses, employees, families and communities. The collapse of a business places immediate pressure on the management and employees of that business, as well as its suppliers and contractors. It is necessary for both head contractors and subcontractors relying on payments for work completed, to take […]
Tax tips for new business owners
Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organization is key when preparing for tax […]
Working Remotely and Workforce Flexibility
By Alisa Sainoski Running a business can be difficult at the best of times, even more so during a major disruption such as COVID-19. We are fortunate that in our lifetime we have not seen anything like it previously and are unlikely to again. But out of disruptions such as these there are opportunities to […]