Articles

Improve your in-house communication

The way that you and your employees communicate within the company can have a huge impact on your overall performance. In-house communication is not just about how well individuals communicate...

Read More...

Boost workplace productivity

Putting a serious effort into boosting the productivity of your company will ensure that your business is working as efficiently as possible. The improvements that can be made from a...

Read More...

Improving your team’s skillset

Your staff are the most important asset that your company has, and it is imperative to treat them as such.  Investing in training your staff and expanding their skill sets...

Read More...

Don’t let size hold you back

Making your business seem like it is bigger than it actually is can go a long way in helping you to secure larger clients. It will also make customers feel...

Read More...

5 things that will make or break your business’s Christmas

The countdown to Christmas is now on and we’re in the midst of the headlong rush to get everything done and capitalise on any remaining opportunities before the Christmas lull. ...

Read More...

Staying under the limit this Christmas

Reward your team this Christmas without blowing your limits. No, we’re not talking about being too ‘merry’ at the Christmas party; we’re talking about fringe benefits tax (FBT). So, what’s...

Read More...

New penalties for SMSF’s

A new range of administrative penalties is now available to the ATO. These penalties can be imposed on self managed fund trustees for of breaches of the law.  These can...

Read More...

Keeping it in the family: Succession Planning

Succession planning is rarely high on the priority list for a family business; however a successful succession plan can ensure that the business will continue to grow and develop when...

Read More...

Aged Care Reform

The aged care system has changed significantly with the introduction of new rules for residents entering into the system on or after 1 July 2014. Australia’s aged care system touches...

Read More...

Work Test for over 65’s

The work-test provisions stipulate an individual’s eligibility to make personal contributions if they are aged between 65 and 75, and working. At the time an individual is contributing, they must...

Read More...

Retirement & Super Planning 2014

In the 2014 Federal Budget, the Government proposed some relatively conservative changes to Australia’s superannuation and retirement system. Excess non-concessional contributions The government has announced that any super contributions made...

Read More...

Changes to PAYG withholding cycles

From 1 July 2014 a number of Australian businesses will have their PAYG withholding cycles changed, based on the amount of PAYG withheld by the ABN in the 2012-13 financial...

Read More...

Improving decision making

The ability to make the right decisions is central to good leadership. What many leaders fail to realise is that decision making is a skill that can be improved and...

Read More...

Collecting customer feedback

Customer feedback is a great source of learning for any business looking to improve their competitive edge. Formalising your customer feedback can help you to assess your current products/services, give...

Read More...

Learning to Delegate

Learning to delegate tasks and responsibilities can be a challenging adjustment for many leaders and business owners. While it is tempting to try to maintain control over all aspects of...

Read More...

Adjusting to higher FBT

Offering employees competitive salary packages can be key to the success of a business. It will ensure that you have the capacity to attract the right talent, increases employee productivity...

Read More...

Changes to card payments

From 1 August 2014 Australians will no longer be able to use their signature to verify credit card purchases. Chip reading and PIN will become the only ways to use...

Read More...

Office Productivity

Productivity in the workplace is affected by a number of different things. Being aware of common barriers to productivity in the workplace, as well as engaging with advice on how...

Read More...

Wage subsidies for older employees

As part of an attempt to boost the participation of older Australians in the workforce, the federal government is offering businesses incentives of up to $10 000 to hire employees...

Read More...

A guide to performance reviews

When carried out effectively, formalised performance reviews can be beneficial for both you and your employees. It is an opportunity for you to demonstrate how much you appreciate your employees’...

Read More...

Key ingredients of a business plan

One of the biggest causes of failure for any venture is a lack of planning and preparation. A good business plan can help to plan, manage and navigate a company...

Read More...

Correctly terminating an employee

Termination is often a complicated and awkward area for any business owner; however it is sometimes an inevitable move that has to be made. There a number of situations where...

Read More...

A guide to warnings in the workplace

Warnings are an important workplace tool in helping to ensure that employees understand their employer’s expectations. They also serve as evidence of a fair performance management process and provide supporting...

Read More...

How to hire the right employee

Hiring a new employee to join the business is an important task that shouldn’t be taken lightly. Employers should scout out talent in the same way that a good sales...

Read More...

Ending paper statements

In 2014, the ATO will be implementing changes to stop paper activity statements being sent. Businesses use activity statements to report and pay a number of tax obligations, such as...

Read More...

Choosing the age to retire

The age of retirement is becoming an increasingly topical issue. As waves of baby-boomers are now reaching what was once a popular retirement age, as well as issues such as...

Read More...

Estate planning for the future

As people get older they need to make arrangements on how to handle their estate, and their personal interests in the event of sickness or death. Contrary to popular belief,...

Read More...

Splitting superannuation

There are both legal and tax implications to be considered when former partners in a SMSF decide to split after the breakdown of the relationship. It is possible to transfer...

Read More...

What is Stronger Super?

The Federal Government has introduced changes to the superannuation system designed to make Australia’s superannuation system stronger and more efficient. These reforms are called Stronger Super and have been introduced...

Read More...

Adding Children to Superfunds

It is quite common for parents to consider inviting their children to join their DIY super fund. Although only about 10 per cent of DIY super funds have more than...

Read More...

Managing DIY superfund in retirement

As some Australians get older and begin to approach retirement they may face the challenge of finding a suitable person to look after their retirement assets. This issue highlights the...

Read More...

BRUSH UP ON ORGANISATIONAL CHANGE

BRUSH UP ON ORGANISATIONAL CHANGE contributed by Dr Steve Barlow When businesses try to change, the practice can be difficult, the process risky, and the outcomes uncertain.  There are, however,...

Read More...

START THINKING ABOUT TAX TIME

ARTICLES Claiming deductions for plant and equipment Review of management accounts Tax tips for property investors Cash flow strategies       Claiming deductions for plant and equipment The intended repeal...

Read More...

IS YOUR BUSINESS PART OF THE CONVERSATION

ARTICLES The rules of social media etiquette Common website building mistakes A guide to netiquette Social media trade promotions Website essentials to increase sales Securing the businesses online presence Keeping...

Read More...

The importance of succession planning

Succession planning is rarely high on the priority list for business; however the key to a successful succession plan is starting early. Succession planning is the development of a strategy...

Read More...

Getting ready for MySuper

MySuper is bringing big changes to Australian superannuation funds.It is important that business owners are aware of these changes as being non-compliant can have major ramifications. MySuper is a simple...

Read More...

Marketing trends of 2013

It is never too late in the year to start following the new marketing trends, or to consider planning their implantation into the business for 2014. Marketing trends can help...

Read More...

Fair Work Amendment Act 2013

Commencing on 1 January 2014, the Fair Work Amendment Act 2013 introduced a new sphere of protection to workers experiencing bullying in the workplace. Research has shown that nearly 25...

Read More...

Keeping employee records

Employers should be aware of their legal requirements involved in keeping employee records. Under Commonwealth workplace laws, employers are required to make and keep accurate and complete records for all...

Read More...

New Protocol to tackle late payments

The Government will be consulting small business owners on approaches to improve business cash flow and business relationships. The Government has released a discussion paper on a Prompt Payment Protocol....

Read More...

Getting Customers to Settle Debts

Good credit management is an important business strategy to maintain cash flow and stable finances A cornerstone of managing credit is not only making sure an invoice gets paid, but...

Read More...

Borrowing Money from your Business

Business owners sometimes borrow money from their own company for a variety of personal and financial reasons.  However, there can be an issue with tax law compliance if the proper...

Read More...

It is not easy being a boss

It is not easy being a boss Being a boss is tough. It is one of the most demanding challenges of running a company. A boss has to inspire, lead,...

Read More...

When it comes to choice, less is more

Why do companies make customer buying complicated? For a small business, this question is critical Every product or service developed or sold involves an investment. Businesses need to make sure...

Read More...

Play it safe – put it in writing

Play It Safe – Put It In Writing Business owners are exposed to all kinds of legal concerns and issues. Despite the best of intentions, nothing ends up as simple...

Read More...

Building a brand

Building a Brand Many businesses assume that a brand is an image, or more simply a logo. That is only one part of it. The most important thing to remember...

Read More...

Deliver Customer Service

Deliver Customer Service Every business has a basic obligation to provide customers with quality goods or services. That is, quality in the sense of delivering on a promise to a...

Read More...

ATO releases compliance targets for 2013-14

Compliance in Focus sets out the compliance issues and risks attracting the attention of the ATO This information is useful for taxpayers who want to adopt a more strategic approach...

Read More...

New fuel tax credit rates

Fuel Tax Credits Fuel tax credits provide a credit for the tax that is included in the price of fuel. Most businesses are able to claim fuel tax credits when...

Read More...

Contractor or employee? Increased ATO focus

CONTRACTOR OR EMPLOYEE? Business owners need to be aware of the difference between an employee and a contractor so that they are able to meet their tax and superannuation requirements....

Read More...

The top 5 issues holding back your Business

Overcoming the biggest problems in business often comes down to the simple things.  Here are a few simple things you can do to capitalise on your opportunities and reduce your...

Read More...

Superannuation changes ahead

End of year is usually a time when things get completed. After 30 June, this year, there are still many changes ahead, particularly in the superannuation area. Here is a...

Read More...

Testamentary Trusts and Estate Planning

Testamentary Trusts can be incorporated into a Will to provide greater flexibility for the beneficiaries of a deceased estate. A Testamentary Trust operates under a Trust structure whereby assets are...

Read More...

New Rules for SMSF Trustees

New rules introduced as part of the ‘Stronger Super’ reforms will compel trustees who break super laws to undertake mandatory education The measures, which came into force on 1 July...

Read More...

Business Interruption Insurance

Business Interruption Insurance While many see the importance of car or home and contents insurance, many small businesses have not considered what they would do if something unexpected were to...

Read More...

Attracting Return Customers

Attracting return customers Most business owners know that it costs more to attract a new customer than to keep an existing customer happy. In the current economic climate, working on...

Read More...

Year End Tips for Property Owners

Year end tips for Property Owners Renovations by previous owner You may be eligible for a deduction for depreciation on the cost of improvement by a previous owner, provided items...

Read More...

Time to start thinking about tax time

Time to start thinking about tax time The countdown to the end of the financial year is on and that means you should start to focus on your end of...

Read More...

Improving the Integrity of the Tax System

Improving the integrity of the Tax System The Budget has introduced a number of measures intended to improve the integrity of the taxation system. This will be achieved by increasing...

Read More...

Home Business Tax Deductions

Home business tax deductions With so many businesses now being run from home, the ATO is eager to ensure that those claiming tax deductions do so correctly. Understanding the rules ...

Read More...

Year End Tips For Business Owners

Year End Tips For Business Owners Fixed assets Review fixed assets useful life and determine if there are any benefits in scrapping or trading in assets. Write off obsolete inventory...

Read More...

Swan Song? 2014 Federal Budget Update

Federal Budget Update Was This A Swan Song? We have found the best summary of last night’s budget, thanks to Knowledge Shop. Click here for the full budget insights.  ...

Read More...

Maximising travel exense claims

Employers and individuals using a vehicle for work may find it useful to consult ATO guidelines when claiming work related travel expenses. Individuals and business owners may be able to...

Read More...

Investing in property with a SMSF

Investing in property with a SMSF One of the fastest growing investment assets for SMSFs is residential property. In the past four years, residential property acquired through self-managed super funds...

Read More...

Financial planning for grandparents

Financial planning for grandparents Grandparents may be unaware of the financial opportunity that exists in providing for their grandchildren beyond paying a lump sum death benefit via their estate. If...

Read More...

ATO Debt collection options

While the ATO is generally fair in its treatment of business debt, it does use tougher measures which can have a significant impact on the future of a small business....

Read More...

FBT myths & opportunities

On the fringe: Top FBT myths & opportunities Fringe benefits tax (FBT) exists to ensure that employees are not getting income disguised in another form and avoiding income tax.  But...

Read More...

The first wave of the Australian Baby Boomer generation turns 65 this year

BABY BOOMERS TURN 65 This milestone means they will undoubtedly begin actively thinking about their retirement plans and the lifestyles they want to lead, which is something Generation Y should...

Read More...

Is the tax office coming for you?

IS THE TAX OFFICE COMING FOR YOU? Every few months we warn you about what the Australian Taxation Office (ATO) is looking for and how you can reduce your likelihood...

Read More...

The Real Cost of Aged Care

THE REAL COST OF AGED CARE At some point in your life, you or a loved one may find it difficult to manage at home. Aged care homes are available...

Read More...

Strengthen your business – plan for risk

STRENGTHEN YOUR BUSINESS – PLAN FOR RISK Many businesses will fail if they lose one large customer or supplier. Creating a disaster plan will help you cope with the worst...

Read More...

Tax deductions in an SMSF

SMSF members whose accounts are in the accumulation (tax paying) phase, should remain informed of which expenses of the fund are tax deductible and which are not. The ATO has...

Read More...

Extra funds to help ATO

The last few years have been financially tough on many business, increasing the temptation to cheat with their GST. This is clearly recognised with the Government’s renewed commitment to the...

Read More...

Are you taking advantage of budget incentives?

Small businesses that are suffering after the economic slowdown following the Global Financial Crisis and declining demand will benefit from a range of measures in the budget designed to stimulate...

Read More...

Ensure you are maximising your property expenses

Property investors could guarantee more cash in their pockets this end of financial year by maximising property depreciation deductions. A qualified quantity surveyor inspects a property and prepares a depreciation...

Read More...

ATO focusing on tax cheats – Don’t get caught

With tax time in full swing, the Australian Taxation Office has announced tough new measures to clamp down on tax evasion – specifically targeting the hospitality,and building and construction industries....

Read More...

2013: The year ahead

Time for a little crystal ball gazing and take a look at what 2013 holds. FOR BUSINESS No age limit for super contributions From 1 July 2013, the upper age...

Read More...

Contractor reporting – Are you affected?

In December 2011 the Federal Government announced a consultation regarding amendments to the Taxation Administration Regulations 1976 (Cth) (Regulations) to require businesses in the building and construction industry to report...

Read More...

Retirement Village or Aged Care?

Retirement Village or Aged Care ? Many people are confused about the difference between retirement village living and an aged care facility. Retirement Villages are legally defined and regulated under...

Read More...

Keeping the taxman out of your Christmas hamper

Keeping the taxman out of your Christmas hamper Christmas is expensive enough.  Here’s some of the key ways tax impacts on your Christmas spirit. FOR YOU Who can claim the...

Read More...

The Growing Importance of Aged Care

Did you know? Approximately 45% of people over age 70 will use aged care services Accommodation bonds in regional areas and capital cities are now $300,000.00 All too often we...

Read More...

Buying a business: More than just the sale price

If you thought reaching an agreement on price was difficult, wait until you get to the fine details of buying or selling a business. So you’ve reached an agreement on...

Read More...

Enhancing business productivity

Workplace productivity is essential in ensuring that your business works at optimum level, but despite its integral role in the workplace, the task of increasing productivity is often a time-consuming...

Read More...

Increased director obligations

Each year the ATO identifies several industries where employers have a higher risk of not complying with their super obligations. In 2012, the ATO will focus on the following high-risk...

Read More...

Deadline looms for super top up

The 2012 Federal Budget revealed tougher laws for superannuation from the start of next financial year, 1 July 2012. For over 50’s with an income of $300,000 or over, super...

Read More...

How do you know if your business is in strife?

How do you know if your business is in strife? Insolvency specialists will tell you that business failures don’t show for months if not years after an economic downturn as...

Read More...

The importance of estate planning

Estate planning is more than just having a will. It’s all about ensuring that a person’s estate is passed on to their beneficiaries in the most tax-effective and financially efficient...

Read More...

Super or property?

Superannuation has long been a regulatory nightmare. For many people, choosing between superannuation and property investment for the more effective wealth creation vehicle can be a confusing experience. Over the...

Read More...

Property and SMSF: loosening the rules

If your SMSF has borrowed money (or thinking of borrowing money) to acquire ‘bricks and mortar’ property then there are a few things you need to know. A new ATO...

Read More...

What is your positioning strategy?

One of the most powerful and effective branding exercises you can do for your business is to develop a positioning strategy. A positioning strategy is what differentiates your business from...

Read More...

Making use of tablet technology

After almost two years since the release of Apple’s first iPad computer, the rising demand for tablet technology continues to soar. With their convenient size, in-built keypad functionality and handwriting...

Read More...

Understanding employment contracts

Having succinct yet comprehensive employment contracts is an important consideration when starting or streamlining a business. A recent decision in the New South Wales Court of Appeal is a reminder...

Read More...

Asset protection – a family affair

Asset rich individuals and business owners need to take stock of their particular circumstances and take time regularly to review how their assets are held. Individuals should aim to hold...

Read More...

Innovate with experiential marketing

In  today’s volatile economy, businesses need to attract customers with more than just traditional media strategies to get them in the door and keep them returning. Now is not the...

Read More...

Good leadership – defined

Are you a leader just because you run a small business? No. But you need to be. The role of leadership in business is indisputable. Great leaders create great businesses....

Read More...

Applying the pyramid to your business

Maslow’s Hierarchy of needs is a framework of human motivation based on his own clinical experiences as a psychiatrist. It is used by modern leaders and executive managers around the...

Read More...

How happy are your employees?

As long as employees turn up to work and complete tasks, that’s all that matters right? Wrong! Smart employers will consider the emotional well-being of their employees and implement strategies...

Read More...

Why hire gen Y?

 ‘They are lazy, selfish, overpaid, arrogant, spoilt, demanding and over-confident!’ Although this is the stereotype that many business owners have built up, the group of workers aged between 15 and...

Read More...

A year for wealth protection

Renowned American businessman Harold Geneen once said that uncertainty will always be part of the taking charge process. So far in 2011, we’ve witnessed the unfolding of quite a number...

Read More...

Social Media: the good the bad and the ugly

Social media and your team Social media allows every comment, word, thought, and rant of an individual to be accessible to the world.  Everyone can have a say and much...

Read More...

Selling your business? What you need to know about Capital Gains Tax

If you’re selling your business, the CGT small business concessions have the capacity to reduce your capital gains tax liability to $0.  Understandably, the tax savings that can be achieved...

Read More...

Are you considering selling your business?

Positioning and structuring your business to maximise a sale At Oculus we’re often asked the best way to sell a business.  There are two key components at play in the...

Read More...

Preparing for the rollercoaster ride

In this tough economic climate are you taking the right steps to ensure your business will continue to grow? Standards and Poors has downgraded America’s AAA credit rating, local and...

Read More...

When is the right time to implement a more efficient business structure?

The answer is the earlier the better.  Change comes with a cost.  You can be exposed to capital gains tax and stamp duty, and this can be expensive and a...

Read More...

6 steps to building the ultimate team

Creating a successful and profitable business relies heavily on the employees you hire.  As such, it is essential you respect and acknowledge every member of your small business team, especially...

Read More...

Super & Property – Beware of the Rules

New rules regarding the inclusion of residential property in self managed super funds are coming into effect; make sure you know your obligations

Read More...

Superannuation: Borrowing within your SMSF

Knowing what assets your Self Managed Superannuation Fund (SMSF) can own is an important part of being a fund trustee, here's an quick overview

Read More...

Facebook for Business: Our 70 year old client is on facebook – are you?

People love to express their opinion on social media, good or bad; so wouldn't it be great to be involved in that conversation?

Read More...

The Changes to Super

Transferring assets into a self managed super fund at end of year tax time can prove to be a useful strategy

Read More...

Year End Check list

The Oculus Accountancy Group's end of financial year checklist. Make sure you've got all your bases covered.

Read More...

Too Much Super

Avoid paying a penalty for exceeding the superannuation contributions cap with these three simple tips

Read More...

Year End Strategies For Property Owners

As a property owner, it's important to be prepared for the end of the financial year. Here's 10 top tips to get you ready

Read More...

Don’t Get Caught By FBT

Oculus have the answer! Here's a few key questions to ask, and some top tips to ensure you make best use of your FBT exempt benefits

Read More...

Look before you leap – do a feasibility study

Picture this. You have what you think is a great idea for a new business and have told a couple of family members or friends. They slap you on the...

Read More...

When to get a business partner – four things you should consider

Deciding whether to take on a business partner can be a big decision. Here's 4 tips to make sure you're asking the right questions

Read More...

Don’t Blow Your FBT Limits this Christmas

Don't get caught out by the FBT Grinch at Christmas time! Use this handy guide to know what your limits are.

Read More...

Protect what’s important

As we approach the holiday season, our thoughts turn to the things that matter most – family, friends, fun and freedom. Make sure you’re protecting what’s important. Learn about the...

Read More...

Flip Your Thinking

Sometimes it pays to think outside the box, and when it comes to business development, a different perspective can be the key to moving forward.

Read More...

Income protection explained

As the name suggests, income protection is the best way to protect your current income if you are unable to work due to illness or injury. This type of policy...

Read More...

Trauma insurance explained

Trauma insurance will provide a lump sum benefit or equivalent instalments if you’re diagnosed with a specific illness or injury covered by the policy

Read More...

Life cover explained

Life cover ensures that your loved ones and beneficiaries are looked after, paying either a lump sum or installments, in the event of your death.

Read More...

Claim travel expenses correctly

The ATO has released a guide for rental property owners wanting to claim expense deductions for travel to their properties

Read More...

Mine or yours? Taking cash out of and into your business

Details of recent changes to taxation of distributions of funds in discretionary trusts

Read More...

Stay cautious on the economy

Australia scraped through the recent economic crises relatively unscathed, but it might not be over yet.

Read More...

Plan or perish

Plan or perish: Get your financial mapping right, and you reduce your risk and surprises your business could throw at you in the next twelve months.

Read More...

10 things you MUST do before the end of the finanical year!

There's already enough happening in your business at financial year end, so here's 10 tips to help make sure you don’t pay more tax than you need to.

Read More...

CGT concessions for small business – record keeping

The ATO has released a fact sheet providing taxpayers information in relation to the documentation that needs to be kept when a CGT event is triggered

Read More...

Concessional Contributions Cap 2010

Information on the reduction of concessional contributions for the 2010 financial year

Read More...

Medicare Levy 2010

Information table of the income thresholds applicable for the Medicare Income Levy 2010

Read More...

Minimum Pension Payments 2010

Information table of temporary relief for individuals receiving payments from income streams, by halving the minimum drawdown rate payable in 2010.

Read More...

New Industrial Relations Rules

Details of changes to Employment Standards and Awards under the second phase of the Federal Government's Industrial Relations Regime

Read More...

R&D Tax Credit – Exposure Draft Legislation

Details of the R&D Tax Credit allowing small business to claim towards research & development costs

Read More...

Workplace Health & Safety

The Safety Solutions Rebate offers small business owners a rebate for identifying and implementing safety solutions in the workplace.

Read More...

Fair Work Act FACT– Yes it does apply to your business!

Did you know that the Fair Work Act now applies to and private business? Make sure you know your obligations

Read More...

Small Business Superannuation

Details of the announcement that the Superannuation clearing house service will be made available to small business through Medicare from July 2010

Read More...

Investment Allowance traps

The Investment Allowance was part of the stimulus package designed to ensure that business investment remained consistent, despite the weak economy.

Read More...

How much is my business worth?

For many small business owners, their business is their largest asset. We take a look at what your business is really worth.

Read More...

The Millionaire Next Door

An overview of the book 'The Millionaire Next Door' by Thomas J Stanley & William D Danko, discussing how an elite of millionaires became 'wealthy'

Read More...

Using Tax Variations to Improve Cash Flow

How to increase small business cash flow by reduce your end of year tax refund with lower tax payments through the financial year.

Read More...

10 secrets to a winning business

Every day business owners ask ‘What makes a great business and what do I need to do to move from good to great?’ Here's 10 tips to show you how.

Read More...

Is good cash flow management enough to save your business?

Like never before, businesses are being encouraged to actively manage their cash flow. But is it enough?

Read More...

Creating customer loyalty

For small businesses, loyalty programs can be a simple and effective way of promoting repeat business. Keep your scheme simple with these tips

Read More...

Avoiding the perils of partnership

Great partnerships can make great companies. But before getting involved, it pays to get an understanding of the perils and pitfalls of partnerships.

Read More...

Using Search Engines To Increase Your Business

These days it takes a bit more than just having a website to get customers in your door. Here's some things you need to know to make it happen

Read More...

To survive, diversify

Diversifying your business income streams will help insulate it against events outside your control, her's an overview of what to look out for.

Read More...

Working with family and friends

It can be hard to find good help, and sometimes family and friends make seem like a good and easily available option, but look out for the pitfalls!

Read More...

Disputes – a fact of business life

A conflict with a customer, employee, supplier or partner is always disrupting in a small business. Here's a quick strategy guide to handling them.

Read More...

Getting the courage to make cold calls

Most people find it a challenge to make cold calls. But there is a reason why telemarketers keep calling when most people do not: cold calls work.

Read More...

Marketing that makes money

With many responsibilities for business owners, marketing can easily be put off. But staying in business takes sales, and sales means marketing.

Read More...

Turning business failure into success

Failure is the taboo word of business. After all, failure is what happens to other people, right? But what happens when we ourselves fail?

Read More...

Division 7A updates

The Government has indicated that it wants to tighten the rules in the taxation of benefits provided to shareholders or associates of a private company

Read More...

ATO losses in the spotlight

The Australian Tax Office has announced it will pay greater attention to businesses that have claimed losses in the 2008-09 financial year

Read More...

Review your PAYG Instalment rate

The ATO is encouraging businesses to review their tax position to ensure that pay as you go (PAYG) instalments reflect their current financial position.

Read More...

Green light for investment allowance

In the recent budget, the Government announced that it planned to increase the rate of the one-off bonus tax deduction available to small businesses.

Read More...

Protect your intellectual property

Intellectual Property is an area often overlooked in small business, and failing to protect these assets can have far reaching consequences

Read More...

Time for some contingency planning

Being prepared for an emergency or other crisis is never a bad idea. Here we discuss the things to be looking out for to best protect your business

Read More...

Develop an ethics policy

Most companies, especially large corporations, have developed clear ethical guidelines and policies. Because employees continually face many situations that have ethical implications, it is extremely useful to have a set...

Read More...

2009 Budget – Age pension increase

Age pension age to increase to age 67 from 1 July 2017 The qualifying age for the Age Pension and the Commonwealth Seniors Health Card for men and women will...

Read More...

2009 Budget – Closely held trusts and TFN Withholding

Details of the changes to Closely Held Trusts and TFN Withholding Arrangements announced in the 2009 Federal Budget

Read More...

2009 Budget – Employee share scheme

Details of proposed changes to the employee share scheme eligibility rules announced in the 2009 Federal Budget

Read More...

2009 Budget – Small Business CGT concessions

Details of changes to the capital gains tax (CGT) concessions available to small business announced in the 2009 Federal Budget

Read More...

2009 Budget – Taxation of Special Disability Trusts

Information on changes to the taxation of special disability trusts announced in the 2009 Federal Budget

Read More...

2009 Budget – Business Losses

Details of the changes to non-commercial business losses announced in the 2009 Federal Budget

Read More...

2009 Budget – Income Tax Exemptions for Australians overseas

Details of changes to income tax exemption for income earned by Australians working overseas from 1 July 2009 announced in the Federal Budget

Read More...

2009 Budget – PAYG Instalments relief

Details of PAYG instalment reductions announced in the 2009 Federal Budget to provide cash flow relief to small business

Read More...

2009 Budget – Reduction of concessional contribution cap

Information on the reduction of the concessional contributions cap being introduced for the 2009-2010 financial year

Read More...

2009 Budget – Small business tax break

Information about the increase in deductions available to small businesses with less than $2 million turnover

Read More...

2009 Budget – Increased Medicare levy threshold

Details of changes to the Medicare Levy low income threshold announced in the 2009 Budget

Read More...

2009 Budget – Tax Cuts in 2009

Announcement of changes to the Personal Income Tax thresholds to be introduced for the financial year 2009 - 2010

Read More...

2009 Budget – Minimum pension relief

Details of the extension of the 50% minimum pension draw down relief announced in the 2009 Federal Budget

Read More...

2009 Budget – Managed Investment Trusts

From July 1 2008, some Managed Investment Trusts will be able to make an election to apply the CGT regime for taxing certain disposals of assets.

Read More...

2009 Budget – First Home Owners Grant

Details of changes to the First Home Owners Grant announced in the 2009 Federal Budget

Read More...

2009 Budget – Private Health Insurance Rebate

Details on the proposed introduction of means testing for the Private Health Insurance Rebate announced in the 2009 Federal Budget

Read More...

2009 Budget – Reform of family payments

Details of Family Tax Benefit Part A payment rates being indexed by the Consumer Price Index (CPI) announced in the 2009 Federal Budget

Read More...

2009 Budget – Commonwealth Seniors Health Card

Details of the changes to Commonwealth Seniors Health Card announced in the 2009 Federal Budget

Read More...

2009 Budget – New carer supplement

Details of changes to the New Carer supplement announced in the 2009 Federal Budget

Read More...

2009 Budget – Paid Parental Leave

Details of the Paid Parental Leave scheme to be introduced from January 2011

Read More...

2009 Budget – Income tested aged care fees

Details of changes to the income tested aged care fee which will now be charged from date of entry

Read More...

2009 Budget – Pension taper rate

Information on changes to the pension taper rate announced in the 2009 Federal Budget

Read More...

2009 Budget – New pension supplement

Details of the new pension supplement announced in the 2009 Federal Budget

Read More...

2009 Budget – Increase in govenment support pension

Details of increase to the Government Support Pension announced in the 2009 Federal Budget

Read More...

2009 Budget – Pension Bonus Scheme

Details of changes to the Pension Bonus Scheme announced in the 2009 Federal Budget

Read More...

2009 Budget – Government co-contribution reduction

Details of the temporary reduction of the Government co-contribution from July 2009 - June 2014 announced in the 2009 Federal Budget

Read More...

Government $900 package

Details of the Federal Government's $900 Tax Bonus in response to the recent global financial crisis

Read More...

Protection in Times of Uncertainty

Financial markets change often and regular reviews of your circumstances are essential. Knowing that you are protected will give you peace of mind.

Read More...

Fair Work Action Plan

Make sure you know your obligations under the Fair Work Act with this easy to follow action plan

Read More...

Fair Work Bill

Information about the new Fair Work Bill and how it may apply to your business

Read More...

ATO Warning

The Australian Tax Office has warned against involvement in tax avoidance schemes and using liquidation to avoid payment of tax

Read More...

Building A Brand

Your brand helps customers remember your products or services, build customer loyalty and leads to repeated purchases. Make sure you're doing it right

Read More...

New Years Resolution

Around this time every year, people draw up lists of New Years Resolutions, and your business is no exception. Here's some ideas to help get you started.

Read More...

Raising Small Business Finance

4 quick tips to help you make a successful proposition to the bank to raise finance for your small business

Read More...

Staff training can transform your business

Over 30% of employers claim low staff skill sets result in higher operating costs. Here's how to pick the right training for your staff.

Read More...

Preparing Effective Proposals

Determining how much time and energy to spend on prospective customers can be a delicate and difficult balancing act. Here are some ideas to help.

Read More...

Growing Your Business

The growing number of Baby Boomers looking to retire will see an increasing number of businesses being placed on the market for sale.

Read More...

Corporate identity fraud

The problem of individual identity fraud is relatively well publicised. But small businesses are also increasingly at risk.

Read More...