Despite an employer’s best intentions, it can be surprisingly easy to accidently breach some of the laws and regulations that govern employment relationships in Australia. However, disobeying the law can carry severe penalties. Violating Australia’s key employment legislation, the Fair Work Act 2009, can expose a business to penalties or up to $54,000 and up…
The Australian GST system can appear to be quite complicated for some small businesses just starting out, due to the different types of GST goods and services, such as input taxed, GST-free and GST taxable. Input taxed items are commonly financial services or products and rent from residential property. GST-free items are goods and services…
If you’re new to business, marketing can seem overwhelming and frustrating. There is no one activity that brings a wealth of customers to your door. Marketing must be an ongoing activity with a number of complementary approaches. What typically happens when you first start your business, you pay a lot of attention to marketing, but…
Even though special seasonal packaging has become an important part of the holiday season for many brands, is it always a worthwhile endeavour for smaller businesses? Getting seasonal packaging right can be difficult and may take a few years of practice which involves making mistakes and then learning from them. Even though it might be…
In the latest crackdown on tax evasion, the ATO is targeting parents suspected of paying their children’s private school fees from secret offshore bank accounts. Following concerns that overseas accounts are being used to hide away secret funds, the tax office will be contacting more than 100 parents with private school fees of up to…
Significant tax breaks and incentives for Australian investors were unveiled on Monday when the Turnbull government released their National Innovation and Science Agenda. The tax changes are designed to help support start-ups to develop their ideas in Australia. Investors will now be able to access a 20 per cent tax offset instead of deductions or…
