The ATO is increasing its audit focus on businesses that use contractors. It is essential that employers, employees and contractors know the difference between a contractor and an employee. It... read more →
Business owners should be taking the time to review the business management accounts prior to 30 June 2014. This is best done with a tax advisor as they can help... read more →
Owners of very small businesses, also known as micro businesses, frequently fail to allow for the risks they face and the importance of reducing risk in small business. The main... read more →
The High Court has reinforced the importance for businesses in taking care when advertising their products and services so that there is no misleading fine print. In June 2012... read more →
Businesses that are run from home can claim deductions on their tax return. 1. Cost of room’s utilities These claims must be apportioned and if the portion is based... read more →
Avoiding difficult conversations at work can increase the potential for legal claims, and reduce the employer’s ability to successfully defend these claims. It is understandable why employers often avoid having... read more →
Preparation is the key to efficient and effective business planning for the year ahead. The beginning of the new financial year is the perfect time to establish the businesses... read more →
The operations of most small businesses rely on at least one or two pivotal people: usually the owner and perhaps a valued employee. If one of these key people were... read more →
The main reason people go into business for themselves is quite simple – to have more control. For others, wealth creation is the main focus, although small business also brings... read more →
As a business owner, there is always something to do, however many owners often spend more time working in the business than they do on managing the business. Here are... read more →