It’s almost the end of the financial year and now is the time to start thinking about how to minimise your tax liabilities. You’ve worked hard for every dollar of profit and you want to keep the maximum amount you can. Take heed of the following ideas to help pay less tax and keep more…
5 Tips For Better Work Life Balance Work life balance is one of the most important factors for a candidate looking for a new job nowadays. It is often a deciding factor when benefits such as salary are comparable across roles. You need to start by understanding attitudes in your workplace towards flexibility, what you…
The start of a new year can often lead to the departure of employees and the hiring of new employees. With the coming and going of employees, employers need to ensure they protect their business interests and goodwill. A restraint of trade clause (“restraint”) offers such protection. Usually found in employment contracts or enterprise agreements,…
Changes in SIS act legislation now allow for the SMSF to borrow for purchase of either residential or commercial properties to assist with the long term goals of the fund. It will be necessary to create a separate bare trust entity to hold the asset whilst the loan facility is in place, and upon full…
By now the kids are back at school, holidays have finished and you are getting stuck back into it! Here’s some tips to help you charge through the year and achieve some fantastic results. GOAL SETTING The best thing you can do when setting your new year’s resolutions is to start with what you want…
Whoever said, “You can never have too much insurance” obviously never had to pay the premiums. Still, there’s no denying the fact you need it to protect your business and its assets. So you probably have building and contents, public liability and public indemnity insurance. But what else should you get cover for? What else…
While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm. At some point, you may want to pass the business on to your children, or to someone else in the company. You may want to sell your share to your business…
Let’s face it: no-one likes to think of death, especially their own. It’s not exactly a great conversation starter, is it? This might explain why so many people end up “dying Intestate” which means they die without a will and, as a consequence, have their assets distributed according to State law. Sadly, the way State…
Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forward them this article or a link to it. They’ll thank you for it. There are now ways you…
Family businesses all around Australia should be celebrating today, for its National Family Business Day! Family businesses come in many shapes and sizes and account for 70% of all businesses in Australia. The sector employs no less than 50% of our workforce. Family businesses are the cornerstone that can lead to great entrepreneurial brands and…