Business

It is easy to get caught out with superannuation, particularly when you are the owner of a business. With so many things to occupy your mind, superannuation may slip from the forefront. But as a business owner, you must pay the superannuation guarantee for your staff, and you must pay it on time. A failure […]

With inflation surging, costs rising and interest rates increasing (after being stable for a decade), businesses may be feeling the heat about their profit margins. Your business may be struggling to absorb these rising costs amid labour shortages, while also requiring spare capital to expand and further digital transformation initiatives. In a time where growth

Finding someone who can fill a specific position for your business can be a daunting task.    Though often we think of recruitment as a valid strategy of employment, it often seeks to fill gaps or vacancies that might be caused by staff turnover or insufficiency. This is still a valid strategy for businesses that

As of 5 April 2022, new Directors will need to have applied for their Director Identification Number (DIN) prior to their appointment to the position. Existing directors were required to obtain a DIN prior to the end of the transitional period (30 November 2022), whereas directors of Indigenous Corporation have until 30 November 2023. Failure

The hard part in obtaining favourable judgements for your business or service is making sure clients and others perceive all you have done for them – in other words, getting credit for what you have done. There are five principal dimensions to service quality: Reliability Reliability is the ability to provide the promised service dependably

Businesses must be aware of their responsibilities at the end of the financial year. Careless mistakes in tax returns or simply being unorganised can see business owners lose out on significant tax savings, as well as find themselves liable for penalties. That’s why the following should be completed to ensure that you are prepared for

If you have employees who are expecting to expand on their family (whether they are adopting or looking to become pregnant), the Federal Budget 2022-23 announced a change to paid parental leave that could impact you and your employees. Single parents and fathers are now eligible for longer paid parental leave after the government proposed

Just as you need to have an individual or family plan for how to manage in an emergency, so too should your business. The better prepared you are to navigate through any situation that might arise, the easier it will be to get back into the usual operation. Unexpected disruptions to business operations can be

Business owners are faced with making decisions every day. And although the degree of severity differs, some decisions can make or break a business.  Fine-tuning your decision-making skills will help to make more informed decisions. Consider the following tips: Stick To Facts Weighing up the benefits/outcomes vs the risks/costs is a crucial step in making

People across different industries may have different items for work that they can claim a deduction on their tax returns, but this season may see a few common occurrences across individual tax returns for 2022.   On your individual tax return this year, you may notice a few expenses pertaining to COVID-19-related purchases, such as