If you’re like many small business owners, you’re probably astounded by how the world has changed in a very short time. While we can all hope that the pandemic is a once-in-our-lifetime scenario, the truth is there is a lot in life and business that is uncertain, and there are many important business lessons to […]
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The Fair Work Australia Minimum Wage Review 2021 has revealed a 2.5% increase to the national minimum wage starting 1 July 2021. The decision was based on a foundation that the country’s economic performance has ‘exceeded expectations’ and that recovery was well underway. The minimum wage will increase from $19.84 to $20.33 or $772.60 per week
Fair Work Australia Minimum Wage Review 2021 Read More »
It’s almost 30 June. Have you done your trust distribution minute and/or intend to pay your beneficiaries a dividend? If you have a discretionary trust, then 30 June is an important date for you. The purpose of a trust is to separate the legal and beneficial ownership of assets. The legal ownership of the asset
Trust Distribution Minutes and Dividend Statements: what you need to know before June 30 Read More »
Following a review of Australia’s business registers, Directors will be required to register for a new lifetime director ID number, much like a tax file number. The introduction of the new lifetime Director Identification Number (DIN) regime is part of the Government’s Modernisation of Business Registers (MBR) Program creating greater transparency and monitoring of the
What you need to know about the new Lifetime Director ID Number Read More »
The best interests duty for mortgage brokers is a statutory obligation for mortgage brokers to act in the best interests of consumers (best interests duty), and to prioritise consumers’ interest when providing credit assistance (conflict priority rule). These two obligations are collectively referred to as the Best Interests Duty. Based on the Royal Commission’s recommendations,
What is the Best Interests Duty for mortgage brokers? Read More »
It is probably safe to say that one of the financial matters we all dread is our tax. For those with more complicated tax matters and expensive deductions, the importance of keeping and tracking receipts for tax purposes is crucial. So, how do you stay on top of them? How do you safely store these
The importance of keeping receipts for tax purposes Read More »
Article updated April 2022. For many of us, COVID-19 saw us switching to at-home working arrangements almost overnight and many of us continue to do so. If you or your staff are entitled to claim work from home expenses, it is important to understand how to calculate eligible expenses to claim a deduction at tax
How to calculate your work from home expenses Read More »
When it comes to applying to finance your first commercial property loan, there are different options you need to be aware of. Some investors choose to obtain a commercial loan by dealing directly with a bank, while others choose to engage the expertise of a broker to secure the best deal. Before deciding which path to choose,
How to finance your first commercial property Read More »
The year has greatly changed the way we live and shone a light on the importance of looking after your mental health in a pandemic. To help keep us safe, it is likely that changes made to how we live our lives will remain for a while. If your business has taken a hit this
The importance of looking after your mental health in a pandemic Read More »
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