Following new legislation introduced in November 2016 to provide protections to unfair contract terms for small business, the big four banks have changed their terms to meet new standards. The Australian Securities and Investments Commission (ASIC) has released a report detailing the changes made to remove unfair contract terms from their small business contract loans…
A solid onboarding process not only gives a great first impression for new hires but it can also help to keep them for longer. Here are three tips for a smooth onboarding process: Prepare before their first day A little preparation can go a long way in making a new hire feel welcomed and settled…
Most people, at some stage or another, will need to save money. Whether it is for a large purchase such as a house deposit or money for a rainy day, similar savings principles apply. Consider the following tips to boost your savings account: Automate your savings One of the easiest ways to get into a…
Business owners should always be on the lookout for ways to improve their business. It can be easy to fall into a trap of complacency, especially when business is doing well but having strategies in place can ensure your business continues to remain successful. Consider the following tips to improve your business: Stay current Keeping…
Bitcoin and other cryptocurrencies have become increasingly popular over the past few years. As many keen investors jump on board, the ATO is reminding SMSFs to be aware of the tax consequences. Cryptocurrencies are classified as capital gains tax (CGT) assets, therefore, upon their disposal they may be subject to capital gains tax (CGT). It…
The Australian Tax Office (ATO) is urging employers with 20 or more employees to prepare for the introduction of Single Touch Payroll. Single Touch Payroll will be introduced from 1 July 2018, requiring employers to report their employee’s tax and super information to the ATO through Single Touch Payroll approved software. Employers will report each…
