IT security threats can wreak havoc on a small business, posing concerns for business owners and customers alike. Securing your data does not have to be a daunting task; there are some simple steps you can take to minimise your risk of a data breach, such as the following: Update... read more →
Apr
27
Apr
21
Cultural fit should be considered just as important as competency when making recruitment decisions to benefit your long-term business. Failing to consider cultural fit can lead to plummeting business productivity, poor performance, lost opportunities, poor public relations and high staff turnover. Successful recruitment judges applicants on more than qualifications and... read more →
Apr
12
While intellectual property can be a valuable business asset for business owners, it must be legally protected if a business owner wants to increase the value of their business. Intellectual property can add further value to a business when it is sold. Intellectual property is the collection of ideas and... read more →
Apr
08
Online reviews need to be managed appropriately since they can influence the purchasing behaviour of customers and a business's overall reputation. Online reviews provide information about your business’s products and services based on the opinions of customers. One of the first steps in managing online reviews is monitoring where they... read more →
Apr
04
Implementing healthy habits in the workplace is the cornerstone for improving productivity, concentration and ensuring long term health and wellbeing. The work you do, whether laboursome or sedentary, has an impact on your overall physical, mental, social and emotional health status. Therefore, it is imperative to take responsibility for your... read more →
Mar
29
The start of the new year provides small businesses with the perfect opportunity to improve their credit management and cash flow conversion cycle. Cash flow was one of the biggest causes of small business failures last year, with around 90 per cent of enterprise insolvencies due to businesses putting their... read more →
Mar
21
When selling property registered for GST, the margin scheme can be used as an alternative way to work out the GST payable on a concessional basis. Where the scheme is applied, GST is paid for one-eleventh of the margin of the sale rather than one-eleventh of the sale price. The... read more →
Mar
16
The Government has announced the introduction of a separate grossed up cap of $5,000 for FBT salary packaged meal entertainment and entertainment facility leasing expenses. The elective valuation rules are no longer to be used to calculate the taxable value of these benefits. Benefits exceeding the $5,000 grossed-up cap can... read more →
Mar
14
By using these tax tips for property investors savvy Australian property investors can save a large amount on their tax bill by deducting associated expenses. Negative gearing allows property investors to claim any shortfall between their income and expenditure on an investment property as a deduction against their total taxable... read more →