Monthly Archives: August 2018
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 the recent changes Facebook has made, it is now more important than ever to design a social media strategy that works towards both […]
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 assist you on your investment journey: Diversification Spreading your money across a number of different industry sectors, asset classes and even geographic locations […]
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 your business will take. Whether you are looking to form say a company or a partnership, it is important to know that there […]
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 as Exempt current pension income (ECPI). This form of income does not include assessable contributions or non-arm’s length income. Individuals can choose to […]
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) each year. However, the ATO does not require taxpayers to lodge their TPAR during the period up until the proposed law change is […]
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 land irrigation water provider who incurred the expenditure on or after 1 July 2004, or a business using rural land for taxable uses […]
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 what the customer wants to be addressed. Businesses cannot see a customer’s face or their reaction, and the tone of a business’s message […]
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 dismissed, you can lodge an Unfair Dismissal Claim within 21 days of the dismissal start date. This is an application submitted with the […]
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 morale and create a sense of a community for your staff. Here are four tips to help you foster a positive competitive workplace: […]
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 continuing to grow their business wealth. Business owners should consider alternative ways of collecting debt before considering legal action. Taking legal action can […]