Businesses tend to progress more consistently if the owner sets financial goals and makes a plan to achieve them. The new year is a natural time to decide what you want to achieve and how. With that in mind, read … Read More
Many people are working longer hours than they ever have before. Finding time for work-life balance can be challenging, but you must do it. Employees need a healthy balance between their jobs and personal lives to be productive and perform … Read More
Taking stock of how your business performed in the previous year is part and parcel of running a successful business. Updating your business and financial plans for the year ahead is the next critical part of the process. When you … Read More
Suppose you want to ensure you have enough money to get through each month without worrying about financial constraints. In that case, it is essential to be aware of the three main reasons you need to manage your cash flow, … Read More
Reviewing your personal wealth and finances helps to gain perspective on how you use your money and how wealthy you actually are. It’s also a good exercise in letting go of things you don’t need and thinking about what is … Read More
1. In the ATO’s sights this Tax Time The ATO has announced its three key focus areas for this Tax Time: rental property deductions; work-related expenses; and capital gains tax. ATO Assistant Commissioner Tim Loh said the ATO is continuing … Read More
Many Tradies operate with their business processes and systems in their heads. They know what they need to do each day and the way they want to get things done. Unfortunately when a business grows and staff need to be … Read More
Parliamentary update Editor: The ongoing citizenship saga in Parliament has resulted in the Government losing its one-seat majority in the House of Representatives, thanks to the resignations of Barnaby Joyce and John Alexander. By-elections have been scheduled in the relevant … Read More
Reporting of transfer balance account information Editor: The recent superannuation reforms introduced the concept of a ‘transfer balance account’, to basically record the value of member balances moving into or out of ‘retirement phase’. In order to monitor these amounts, … Read More
Imagine this: Your business sales and activities are going gangbusters, but at the end of the fortnight there is no money in the bank to pay your staff. If you’ve been there you would know how stressful a situation this … Read More