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 »
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 »
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 »
Learn more about the ATO’s crackdown on dubious deductions and who they’re targeting come tax time.
The ATO’s focus on tax deductions and their targets for 2019 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 »
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 »
The global economy is picking up and Australia is about to secure the global record for the longest period a country has gone without a recession. But with the focus on the political environment, there is an uneasiness in the market and with uneasiness comes a reticence to take risks.
Pride & Prejudice: Top four predictions for 2017 Read More »
Christmas….that time of year when the festivities not only bring joy but excessive expenses, potential harassment claims, and other employer headaches. As Phyllis Diller once said, “What I don’t like about office Christmas parties is looking for a job the next day.”
Christmas party fails Read More »
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