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Expert Advice
Small Businesses (less than 20 employees) may soon have protection against the imposition of unfair terms within new standard form contracts if proposed legislation is adopted. Protection against an unfair contract term within a standard form contract has been in existence for certain consumer contracts since the Australian Consumer Laws (ACL) were introduced in 2010. Small Businesses does already have...
Expert Advice
It is not uncommon in small business arrangements for spouses or de facto partners to be directors and/or shareholders of companies through which the business is operated. Other entities may be established, including discretionary family trusts and Unit Trusts. Commonly one of the spouses or de facto partners does not have an active involvement in the business. This is despite...
Distribution Logistics
Have you ever wondered how a parcel makes it to your door, where it came from, who packed it and why it was delivered so quickly (or not!)? Imagine the seller processing and sending hundreds if not thousands of similar orders each day, across vast distances, in the shortest time frame, at the best possible price, using multiple freight carriers....
Corporate Governance
Directors have indicated their overwhelming support for the need for broad tax reform, and expressed concern that public policy debate in Australia is "poor quality", according to a new survey. The bi-annual Director Sentiment Index compiled by the Australian Institute of Company Directors (AICD) found that GST reform was the top priority for any comprehensive review of the taxation system...
Business Law
The internet has become one of the primary means by which businesses can connect with their customers; but when creating or updating your website, the law of copyright should always be a primary consideration if you want to avoid the risk of unexpected liability. Photographs, for example, can very easily be searched and viewed online. However by law, the exclusive...
Banking
If you own an investment property, there's every chance you may have had to deal with a rogue tenant - they might not pay their rent on time, they might damage your property, and perhaps worst of all, they could be difficult to evict. How do you deal with these tenants? Here are a few simple tips that could help:...
Business Advisory
With rapidly advancing technological change, increasing business reliance on personal identity details and the growth in transient population movement, theft of personal information is becoming increasingly prevalent. As a direct result, over the past few years there has been an increased incidence of identity crime. Identity crime generates significant profits for offenders and causes considerable financial losses to the Australian...
Bookkeeping
One day, I was watching the Discovery Channel with my four-year-old son Charlie when he asked, "Why does the big fish eat the small one?" Having gone through so many life experiences compared to my son, it seemed like a natural phenomenon because that's just the way things are in business too. Big companies are able to yield more power...
Expert Advice
Are you making the most of all the benefits and strategies at your disposal to build your retirement savings? Will you have enough to retire on? Are your other assets working hard enough? Not sure? SIMPLE WAYS TO HELP CREATE YOUR IDEAL RETIREMENT LIFESTYLE 1. Are you taking advantage of super rules to boost your retirement savings? Australian super rules...
G2B: Chief Minister’s Message
Canberra and South East New South Wales have a unique relationship due to our geographic proximity and shared vision for our region. Together we want to build a strong regional economy by creating local jobs, building a world class and accessible tertiary education sector, attracting tourists and encouraging business development and investment. That is why the South East Regional Organisation...
Associations To Business
The Canberra Business Chamber commends the ACT Government for providing strategic funding in this year's Budget to stimulate economic activity in the region. It is important the ACT continues to diversify its economy. The $11.75 million for a new business development strategy, Confident and Business Ready, is designed to drive investment, create jobs and encourage innovation. It will build on...
June 2015 Issue 105
Servcorp coworking provides Canberra based business workers the flexibility to work from their local area, instead of spending time traveling to other locations. Select from the exclusive Parliamentary Triangle at Barton and in Canberra's newest A grade commercial building, the award winning1 'Nishi' at NewActon. Coworking, the concept that office space is shared among businesses in order to keep costs...
Accounting
If you are the owner of a small business it is essential that you plan your exit strategy around one of the four capital gains tax (CGT) concessions available on the sale of small business assets. These concessions can be extremely effective in reducing your tax liability, especially when the sale of the business or asset is connected with your...
June 2015 Issue 105
Constantly updating your professional skills and training is crucial if you want to stay competitive in the job market. Equally, if you're thinking of moving into a new career, returning to the workforce, or starting a small business, then careful planning and skills development is needed. CEO of Mantra Training & Development, Donna Moulds, acknowledges that the employment market in...
June 2015 Issue 105
Communities@Work, a local Canberra organisation that understands local needs, is calling for support this tax season. "By deciding to boost your tax return and donating to Communities@ Work, you will help us provide a holistic continuum of care to those in need." said CEO, Lynne Harwood. "With your donation, you will help fund a variety of programs serving the most...
Features
In her recently published Quarterly Essay, "Dear Life - On caring for the Elderly" doctor and writer Karen Hitchcock writes in a moving, compelling and at times controversial way about the manner in which we treat and deal with the elderly, including: "The elderly, the frail are our society. They are our parents and grandparents, our carers and neighbours, and...