All Articles
May 2016 Issue 115
Boom, and we are off to another Australian Federal election. A 55-day war-of-words that may lead to a peaceful transition of government or the ongoing Coalition government. I thought I might muse in this column about something that has been on my mind for some time now.That is: should we vote on issues that impact on our individual lives or...
Cover Story
Peter & Ross Beames together with David Rae returned to Canberra in July 2015 to operate as DPR Accountants and Advisers. Having spent 2015 trading from Batemans Bay as part of the contractual restraints of leaving their previous firm all three and their staff were delighted to return to the Canberra region at the start of the 2016 financial year....
Accounting
Are you part of a not-for-profit (NFP) health organisation that offers benefits to its workers in exchange for lower wages? If so, you need to know that the Federal Government has introduced changes to fringe benefit rules from April 1. In particular, salary-sacrificed meal entertainment benefits in FBT exempt or rebatable organisations will be capped at $5,000, and will also...
Bookkeeping
One of our clients recently asked us why we spend two to three hours to prepare one set of business activity statement (BAS) each time, when we can easily export BAS from MYOB. He believed that we should not be 'double-handling' as this wasn't cost-effective. Since I started Tailored Accounts in 2009, I have always insisted on 'double-handling' because we...
Business Law
It's a common scenario: you're owed money and your debtor is refusing to pay. Surely the next step is to protect your debt by lodging a caveat over the land they're sitting on, right? Wrong. The mere existence of a debt is no basis for lodging a caveat. If you lodge a caveat without reasonable cause, then you could end...
Business Sustainability
Saving money and keeping costs under control - it's what smart businesses do. If you operate from a separate business premises (not home), and have fewer than 10 full-time equivalent staff or electricity bills under $20,000 (incl. GST), you could be eligible for Actsmart's Business Energy and Water program. Actsmart will conduct a FREE energy and water assessment of your...
Family Law
This is a common question faced by many people who separate. Litigation can be expensive and it is not uncommon for one person to control most of the parties' wealth in a relationship. In this situation, the person who does not have control of the parties' wealth or who earns a much lower income than the other party, is at...
Expert Advice
It is common for people or companies in the ICT industry to "team" up for various reasons. There are a wide range of examples such as: a. a software / app developer subcontracting some development of code; b. an incorporated or an unincorporated joint venture being formed for an ICT project; c. software / hardware or other ICT products being...
Expert Advice
Firstly let me state very clearly that I am not a part of any political party. I was in real estate last time Paul Keating stopped negative gearing in the late 80's and that was such a disaster it was cancelled in less than 12 months. It ended because investors stopped buying residential property and rents went up alarmingly as...
Expert Advice
Last month many people and organisations here in Canberra celebrated International Women's Day (IWD). While we have a lot to celebrate every IWD, many people would argue that progress towards workplace gender equality can still be hindered today by people, more often than not men, who fail to see any problem. Here at Hays we surveyed 603 Australians and found...
Expert Advice
Last time we discussed why it can make sense for some companies to spend huge sums of money for a single airing of an ad during the United States Super Bowl. This time we look at how an Australian company uses a different approach to achieve the same goal of positively positioning itself with consumers for long term benefit. ActewAGL...
Expert Advice
A number of years ago, while completing my Diploma of Property Services, the class that I was attending had a brilliant mantra on the whiteboard which has always stuck with me. The saying was written in the form of a question and answer as follows; Question: What if we train our staff and they leave? Answer: What if we don't,...