Every small business should keep a close watch on the seven basic figures that can help predict business success. Businesses that do not take these numbers into consideration will never be able to progress as quickly as they should. 1. Cash flow Cash flow gives business’s an overview of the economic state of the business.…
Taxpayers are responsible for safely storing a written backup copy of their tax record in case the original electronic form becomes inaccessible or unreadable. Where the tax records are accidently lost or destroyed from a burglary or fire, the ATO will allow a taxpayer to claim a deduction for certain expenses. The conditions are: – The…
It is vital for property investors to have Landlord insurance to protect their investment in case something unfavourable occurs. It not only allows investors to rest assured that their investment property will be kept in top-notch condition, but that they will be able to redeem their losses when their property has been badly damaged and…
While using a self-managed super fund (SMSF) to buy an investment property has become increasingly popular, members must carefully consider whether it supports their overall investment strategy before they go ahead with this investment approach. There is a condition that the SMSF trustee or any of their relatives cannot buy the property with the intention…
Contrary to what many of us would like to believe, difficult conversations in the workplace are inevitable. And while it’s tempting to put them off for as long as possible, the key to resolving any disagreements in the workplace is to address the issue early. Here are some of our top tips to help you…
Businesses who keep their websites up to date with emerging trends and technologies are more likely to increase their opportunities for traffic and exposure. Those who allow their websites to become outdated, not only miss out on these opportunities, but also risk being penalised by search engines. Below are four website design elements businesses should…
Small businesses that fail to meet the obligations that arise once an employee announces their pregnant risk attracting hefty penalties. These obligations are not only in relation to the Fair Work Act, but also to workplace health and safety and state and federal anti-discrimination legislation. To avoid facing any legal risks, employers should ensure they have…
