With just over a week until June 30, here are some tips that can help savvy individuals make the most out of their tax refund for the 2014-15 year. The following tips are by no means exhaustive and may not be relevant to every personal situation. Keep your receipts The most important thing every individual…
The ATO has reiterated it will be investigating self-managed super fund members who have an estimated $600 million in related-party loans for shares and property in their funds. Some members are taking out loans with a related party, which refers to friends, associates or family, on terms more favourable than what might have been attained…
The maintenance of a business’s social media can either make or break a brand. Typically, a social media strategy plan follows the structure of creating a page, posting information and gaining followers. However, this does not always guarantee success. Social media templates are designed to save time, and can help a business operate a successful…
The best employees carry value that simply cannot be replaced by another. In today’s highly competitive market, employers should amend their plan for keeping talented employees who are offered new roles outside the business. Understand their motivation Try to find out why the employee wants to leave your business by asking questions about their life…
Small businesses can achieve real dollar savings by efficiently managing and calculating the Fringe Benefits Tax on meals and entertainment. However, the challenge is often finding the best calculation. Many organisations struggle to identify which calculation method is best for them and, as a result, have to pay more FBT than necessary. Here are five FBT…
