It is essential to be ready as much as possible if you are about to embark on a major lifestyle change like retirement. Here are four tips to help you find the plan that you need for your retirement: 1. Plan on how you will remain healthy. You have to be healthy so that you […]
The last article tackled the three major leadership behaviours namely: competence, emotional maturity and leading change. A very big Australian company where I worked for 10 years got new experienced General Manager on board. Sadly, he doesn’t have emotional maturity and is incapable of drawing in the hearts and minds of the staff concerning change. […]
A business will not be able to generate the amount of operating profit it needs if it fails to generate sufficient gross profit. Fixed expenses can be reduced, but this move has its limit. After that, the business’ ability to earn revenue will be impaired, thus weakening its ability to generate the needed amount of […]
Superstream will become mandatory by 30 June 2016, and employers are being advised to get it ready before the deadline. You need a little time to set it up, but more than a quarter of business owners who have transitioned to Superstream have seen the time they spend on super decline, by 70% on average. […]
Searching for the right accountant for your business is not as simple as it may seem. Here are some tips to help you find the right accountant: 1. Check their credentials Don’t hesitate to do this. You can use LinkedIn to verify your accountant’s qualification or find out if they are members of professional associations […]
If you are considering purchasing a new car, it might be worth your while to learn about the pros and cons of two possible ways you can own your dream ride. Novated Lease This involves a business, on behalf of an employee, leases a vehicle from a finance company. The deed of novation, or contract, […]
Here are the eight biggest untruths that you might have read or heard with regards to creating and/or running a self-managed super fund: Myth #1 The Policies are Never Consistent. You’ve probably heard that one of the disadvantages of owning a SMSF is that you have to be vigilant because the rules and regulations are […]
According to the Innovation Statement issued last week, the Government has made an effort to eliminate concerns over failure by offering tax benefits and amendments to insolvency rules to further increase the flexibility of business people and investors in innovative start ups. Less Strict Same Business Test The existing same business test will be loosened […]
The ever-changing business scene is putting pressure on small business owners and single traders to improve their accounting systems annually. This is to make sure that every dollar spent is accounted for. What are some of the tax deductions that employers may overlook when lodging their tax returns? Donations to Charities Monitoring bigger, direct charitable […]
Read ahead to find out what tax depreciation you can claim and cannot claim, and who ask for the right advice. Depreciation Deductions for Investors Two types of depreciation deductions apply to property investors. They are: Division 43 capital works deduction Division 40 plant and equipment depreciation Division 43 capital works deduction covers the structural […]