Recognising and rewarding staff

Acknowledging and rewarding the efforts of your staff can go a long way in ensuring employees are engaged and fulfilled within their role. Recognition acts as a tool to reinforce desired behaviours and helps to create an environment where staff feel appreciated for their accomplishments. Rewarding staff does not necessarily need to be costly or…

Reinventing your business

Small businesses should always be open to the idea of reinventing themselves to stay relevant to today’s customers and marketplace. Business owners who resist change and leave it too late to reinvent risk stumbling behind and at worst failing. Instead, businesses should focus on a proactive approach to growth for optimal business performance and success.…

ATO warns pre-retirees on SMSF tax schemes

The ATO has its sight set on individuals participating in an increasing number of aggressive tax avoidance and retirement planning schemes in self-managed superannuation funds (SMSF). The Tax Office has launched Super Scheme Smart, an initiative designed to help inform individuals and advisers about illegal retirement planning schemes. The program is a result of an…