Blog
Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.
How to Define Company Values
Business values, much like personal values, influence behaviour and provide a set of rules or guidelines to follow. However, in a business context, values are often set and ignored. To avoid this, business leaders need to create values that can lead to action and align with the business’ overall mission. Learning how to define company
HOW TO MAKE BETTER BUSINESS DECISIONS
Business owners are faced with making decisions every day. And although the degree of severity differs, some decisions can make or break a business. Fine-tuning your decision-making skills will help to make more informed decisions. This week our business advisory team delves into some tips to help small business wonders asking ‘How to make better
Family Business Succession Planning – Considerations of Passing the Family Business Over to Your Kids
Keeping the business in the family when you decide it’s time to retire is a common decision for many business owners. However, ensuring that family business succession planning is carried out effectively is seldom done right. If you plan on handing your business over to your child/children or any other family member, there are specific precautions
Year-end mistakes
Businesses must be aware of their responsibilities at the end of the financial year. Careless mistakes in tax returns or simply being unorganised can see business owners lose out on significant tax savings, as well as finding themselves liable for penalties. Avoid the following mistakes: Paying superannuation Super is payable 28 days after the end
Single Touch Payroll Deadline – Employers Urged to Act Now
The Australian Tax Office (ATO) is urging employers with 20 or more employees to prepare for the Single Touch Payroll deadline. Single Touch Payroll will be introduced from 1 July 2018 and business will have until the 1 July 2019. Single touch payroll will require employers to report their employees’ tax and super information to
Dealing with Sexual harassment in the Workplace in Light of #MeToo
Sexual harassment in the workplace is not a new topic for employers. But in light of the #MeToo movement, dealing with sexual harassment in the workplace is a topic worth revisiting. According to the Australian Bureau of Statistics, in 2016, 17% of women said they had been sexually harassed in the past year and approximately