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Superannuation, Contributions & The New Year

Regarding retirement, you want to ensure that your super is performing at its most optimal level when accruing funds. Your super is probably going to be a primary income source for you during your retirement – that’s why it’s something…

What To Do If You Lose Your Tax File Number

Tax

Your tax file number (TFN) is an essential piece of information in your possession and should be a constant companion throughout your life. However, there are times when a TFN is misplaced or forgotten. What are you supposed to do? If…

Handling Difficult Employees In 4 Easy Steps

People

Every now and then, you might come across an employee who is particularly difficult to handle. A difficult employee could be one who is incompetent, doesn’t follow instructions, behaves rudely in the office or some other behaviour altogether.…

Tax Audits & The ATO – Here’s What Happens

Tax

When lodging a return with the ATO, you are expressing that to the best of your knowledge, the information is correct. However, sometimes issues arise from this information that might signal red flags to the ATO. Tax audits are conducted…

Don’t Sour Your Relationship: Appropriate Billing Practices To Use On Clients

Money

Good client relationships are crucial to the success of a business. However, the billing practices that are in place can sour a good client relationship if they are outdated. This is applicable to most kinds of business, including but not…

What’s The Difference Between An Employee Or A Contractor?

Business

Do you know if your new worker is an employee or a contractor? When employing a worker, it’s important to correctly classify them because it affects tax, super or other obligations (such as workers compensation insurance or other workers’…

How Does Superannuation & Contracting Work?

Super

Contractors who run their own business and sell their services to others have different obligations to their super than what employees in a business may usually have. A contractor (also known as an independent contractor, a subcontractor,…

Compensation, Disability & Life Payments – This Super Contribution Could Make A Difference.

Super

Disasters, be they natural or man-made, can happen to anyone. It could be a car accident, a tree crashing through the roof, or a bushfire hitting your residence. In any case, an event that causes significant harm or impact that affects someone’s…

Is Your First Impression Always The Best Impression? Following Up With Your Clients

Business

When should a prospective client of your business feel ready and prepared to sign up for your service or product? Contrary to popular belief, it may not be after the first meeting. While you may wish it was a case of ‘one and done’,…

Tax Deductions & Claims: Life Insurance

Tax

Have you recently purchased life insurance? The type of cover, deductibility of premiums and treatment of claims make life insurance a complex topic for tax. It’s a topic that individuals and businesses alike seek assistance from accountants. The…

Keeping Your Workstyle Consistent While Working From The Home Or Office

People

As businesses are looking to bring their employees back into work, it is essential to ensure that your workstyle practices allow you to seamlessly integrate into working from the office. Consider adopting these changes to make your transition…

CGT Considerations Involved In Renting Out A Holiday Home

Tax

Holiday rentals provide you with a home away from home to spend time with your loved ones and a steady source of income while renting it out. To ensure owning a holiday rental brings you the greatest dividends, keeping valid and accurate records…