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Retail trade turnover in the ACT,which measures how much money Canberrans are spending at our local shops, increased by 8.5% through the year to January 2016 - a significant increase that was more than double the national retail trade turnover. This comes after news that State Final Demand (SFD) in the ACT grew by a very strong 3.1 per cent...

"When used correctly, time has the potential to take your business to places you dream about." The truth is there is never enough time. There is always something to do. Here are some tips to help: Kristin Miller, General Manager, Smart Business Guardian. 1 Control your own time. Don't let others demand it from you. Some ideas: ✓ Use a...

Kristin Miller, founder of Smart Business Guardian and Trade Guardian, has to be one of the most qualified business administration professionals in Canberra. Kristin is the 'smart' in Smart Business Guardian. In fact, she has the following list of impressive qualifications: Masters of Professional Accounting Masters of Business Administration Bachelor of Administration Graduate Certificate in Employee Relations Certificate IV in...

One of the questions we get asked frequently is: what is the difference between PAYG withholding & PAYG Income Tax Instalments? So what are these two taxes and how do they affect your business. What is PAYG Withholding? Under PAYG Withholding rules, you have an obligation to collect tax from payments you make to employees and some businesses so that...

"Who do you recruit? How do you pick?" It's the million dollar question. Well, many thousands definitely! We have frequent discussions with business partners regarding the deciding factors behind the recruitment of new people. You may think it's the ultimate outcome if you can find someone with the exact knowledge of the job in question - wrong!! You can, if...

With close to 10 years of working experience in the Australian Third Sector, I have come to learn that the sector is a dynamic, vibrant, and meaningful place to work, where people share the common vision that is, to make a difference. However, most of them struggle with basic administration tasks like documentation, bookkeeping and/or accounting. Among the difficulties organisations...

It has now been over four years since the Personal Properties Securities Act 2009 (Cth) (PPSA) took substantive effect on 30 January 2012.However, many businesses remain oblivious to the PPSA and the serious consequences that can follow its oversight. So what is the PPSA and what is the risk in ignoring it? The PPSA established a new, national system for...

Keeping costs under control and saving money. It's what smart businesses do, so here's some advice. If you operate a business (outside the home), have fewer than 10 full-time equivilant staff or electricity bills under $20,000 (incl GST), it's worth exploring Actsmart's Small Business Energy and Water program. Actsmart will provide your business with a FREE energy and water assessment...

The Family Law Act requires that, when a Court is making a decision about parenting orders after separation, it must apply a presumption of "equal shared parental responsibility" (ESPR), unless there has been abuse or family violence. Sometimes parents think that this is a presumption in favour of "equal time" or week about arrangements after separation. That is not the...

Starting a new business is an exciting time. Although cash flow can be tight when starting out, this is an important time to receive professional advice, as it limits the risk of unintended issues arising later. What are the legal issues / advice / documents you will need before you start your business? There is no such thing as "one...

Many Australians that are getting close to retirement have more money tied up in the family home than they have in income producing assets that they will need to fund their retirements with. While the family home is exempt from capital gains tax, it is a non-income producing asset and will require a substantial amount of money to maintain each...

A new report by Hays, The DNA of an HRD, polls HR directors on what it takes to get to the top, with stakeholder engagement voted as the most important skill to have. For the report Hays spoke to 461 HR directors in Australia and New Zealand. The results show that 64% of HRDs are women, while HRDs are typically...

In February, it cost $7 million to air a 30-second ad during the United States 'Super Bowl'. The cost of making these ads can be millions more and many ads are aired just once and not seen again. Crazy right? Well, maybe. The event had an enormous audience of well over 100 million viewers. It also had a spectacular half...