Is your ABN at risk of being cancelled? You might not have thought about it, but it’s a distinct possibility for businesses, especially after a few years of considerable fluctuations. Eligibility For An ABN As a resident of Australia, you are eligible for an ABN if you’re: carrying on or starting an enterprise in Australia […]
Is Your ABN At Risk Of Being Cancelled? Read More »
You are looking at purchasing a business and you’ve found the perfect one to buy. It fits all your current requirements, and you’re in a position where you can comfortably buy the business. So what comes next? Before you sign the contract to finalise the buy, it is crucial to conduct due diligence. For this,
Do You Know What To Look At When Purchasing A Pre-Existing Business? Read More »
The minimum wage increase for November 2021, have changed 21 awards. As a result, if you are not paying your employees this new pay rate, you may find yourself facing significant penalties for failure to comply with the Fair Work Ombudsman. This increase applies to anyone paid the minimum award wages or the national minimum
Are You Meeting The New Minimum Rate For Your Employees Wages? Read More »
If you’re someone employed in a trade, the next few months are likely to be among the busiest of your year. With the added pressure of the pandemic’s effect on delaying site access and work progress, completing jobs is sure to be a high priority on your mind. For tradies to come out of the
Upcoming seasonal sales may bring about unprecedented sales on online platforms for many retailers. Here are some sales tips to get the most of them. Major holiday shopping events, such as Black Friday and Cyber Monday, offer businesses the chance to draw in customers. Businesses may use promotional offers, sales and significant discounts to attract
Black Friday & Cyber Monday Are Approaching – Are You Prepared? Read More »
Money is the lifeblood of business, and ensuring optimal cash flow keeps its heart beating and makes for smoother operations. An area that impacts cash flow is debt, but is debt good? What is good debt? Sometimes, however, a business accrues liabilities during its operations. Accruing debt could be due to a loan, start-up costs,
Learn How To Navigate Your Business Being In Debt With These Simple Steps Read More »
The business management style you adopt will depend on the needs of your business, what motivates your employees, and your style of work. Therefore, you do have some flexibility regarding the choices you make and how you manage your business. However, there are some which you should always avoid due to the relationship they foster
Did you know that ASIC looks after 31 different business registers that a business or company may need to on? Some of these registers are being brought together in what will be known as the Australian Business Registry Services (ABRS). With all these changes going on you may have heard about a Director Identification Number.
Innovation is one of the pinnacles of good business practice. However, there are times where innovation isn’t a process that can be achieved by one person alone. Some of the best ideas and techniques that your business might achieve could be by innovation through collaboration. Businesses will have understood the impact and importance of internal
Many businesses may have found that their positions and practices have required a rethink. You might have noticed that your business is in a more digitised environment. Your employees’ roles and responsibilities have had to change and adapt to accommodate new norms. There’s a growing need for skilled individuals to step into these changed roles,
