If you’re a business owner, you need to know your business’ break-even point — the number of units you need to sell (in dollars or units) in order to cover your operating costs. If you reach this point, it means your business is turning a profit and in a more stable operating position. Being aware […]
What is your business’ break-even point? Read More »
With the annual Easter holiday period this weekend, it brings with it a range of public holidays and trading restrictions across Australia. Each Australian state and territory have different laws that govern public holidays and trading over Easter, so it’s important be informed about the rules and regulations where you do business. This article details the
Easter 2022: understanding all the retail trading rules Read More »
An employment contract is an agreement between an employer and employee that sets out the terms and conditions of employment. It is not necessary to specifically agree on a contract for one to exist. The fact that an employee starts work for an employer brings with it certain fundamental implied terms, such as the right
The importance of employment contracts, workplace policies and procedures Read More »
Managing payroll is a tricky part of any business, but choosing the right accounting software can make it so much easier.
How to choose the right accounting software to manage payroll Read More »
Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes – you need to make sure that everyone understands what the transition will mean and everyone is aware of their role and responsibilities.
Generational succession: Do your kids really want to take over your business? Read More »
Following a decision of the Full Bench, the Fair Work Commission has finalised arrangements for modern award changes including the insertion of new annualised salary clauses into several modern awards with effect from 1 March 2020. These changes introduce important new practices for HR and payroll aimed at reducing “wage theft” and non-compliance with awards.
Modern award changes and annualised salary arrangements Read More »
It’s been an extraordinarily challenging journey for businesses of all sizes and industries during COVID19. When it’s time to get your business back on track, it is likely you can expect there to be a period of recovery. During this time, you may operate at reduced capacity, offering only a portion of your normal goods
Get your business back on track after COVID19 Read More »
The colloquial use of the term ‘wage theft’ has become increasingly popular in the workplace relations landscape. A term first used by unions, ‘wage theft’ is now commonly used to describe a failure to pay workers’ correct wages and entitlements. The Fair Work Ombudsman (FWO) has been clear in its approach to countering alleged ‘systemic
Wage ‘theft’ may become a crime Read More »
Every so often the Australian Taxation Office (ATO) sends a ‘shot across the bow’ warning taxpayers where their gaze is focused. Last month in a speech to the National Press Club, Tax Commissioner Chris Jordan did exactly that. Part of the reason for this public outing is the gap between the amount of tax the
The Tax Commissioner’s Hit List Read More »
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