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Issue 127 June 2017
Wow, where did the first half of 2017 go? It's really been a bit of a whirlwind. But, no rest for the wicked. Bring on the snow I say. I love winter in Canberra. The frosty mornings. Ice on the windscreen. Fog in the streets. Warm coats. Woolly hats. Gloves and heavy coats. Those temperatures that get down to close...
Features
It is the time of year that all people in the finance sector get excited about - 30 June. Previously we have listed items you need to take care of before the end of the year. This time we are going to provide a checklist of things you need to get done during July /August to wrap up the financial...
Features
If you are a small business owner there are a myriad of business risk areas you need to be aware of. Trish Cassidy, Senior Manager of RSM Australia, has been involved in the restructuring and advisory industry for the majority of the past thirty years. She has seen many businesses successfully turned around as a result of early action on...
Features
Winter is coming and so are changes to the superannuation system, starting on 1 July 2017. One of the major changes to the superannuation legislation is to limit the amount of superannuation that a person can have in a tax free pension environment. Members cannot transfer more than $1.6 million of their superannuation account into pension phase. As a result,...
Expert Advice
We procure goods and services every day. For simple day to day transactions, there is generally no formal contract in place. The provisions of the Australian Consumer Laws would generally apply to the transaction. For larger contracts, it is always prudent to have a formal contract in place which addresses issues such as, who owns any intellectual property (IP) created,...
Accounting
The race to the end of the year can often mean business owners don't feel they can take the time to plan for the new financial year. Yet effective financial planning is critical to ensure your business' ongoing success. Take a few moments now to complete these key time and money saving tasks: Review your products and services. Do your...
Features
Executive Committees serve a crucial function in an Owners Corporation, typically as the first point of contact for the Strata Manager in dealing with an enormous variety of issues ranging from noise complaints all the way through to preparing for the AGM. Executive Committee members are volunteers from all walks of life, elected at the Owners Corporation AGM with many...
Bookkeeping
Tailored Accounts hosted the first seminar of AccountantChange #2020 in March 2017, with great feedback from all participants. The seminar brought attention to emerging issues and opportunities in four key aspects of the accounting industry: human resources, technology, economic landscape and innovation. The theme of the program emphasised the need for change, accountants being adaptive and ready for the new...
Expert Advice
If you are developing a new website, use these points to ensure you have a great website: Take the time to understand the business. Every business really is different. I feel it's really important for me to decode the culture and the persona of a business before working out how we are going to represent it online. What are the...
Expert Advice
I'll change me! That's how I will change the organisation for the better. Very rarely heard are these words "I'll change me" to improve the organisation. Tip: Families are no different, mum and dad if YOU change YOU the fruit you harvest will be sweeter. Tell me, why do you invest so little into YOU when you are the only...
Recruitment
Sixty-five per cent of employers will give their staff a pay rise of up to 3% in their next review, but 11% will not increase salaries at all. That's according to our 2017 Hays Salary Guide, released this month, which also shows that 19% of employers intend to award a salary increase of between 3 and 6%. Just 5% of...
Property
Many Canberran's that are either retired or getting close to retirement have a large percentage of their net worth tied up in their family home. While the family home is exempt from the capital gains tax, it is a nonincome producing asset and will require a substantial amount of money to maintain each year to protect the capital value. Since...
Issue 127 June 2017
Venue: Parlour Wine Bar Photography: Tim Benson
Cyber Security
Enterprise architecture can often be viewed as bringing order to a highly complex ICT portfolio and is thus unnecessary for small businesses. However, small-scale enterprise architecture can assist any organisation to rationalise investment by making cost-effective, technology-based decisions that support business objectives. The role of enterprise architecture in any organisation is to highlight the strategic direction of the business and...
Issue 127 June 2017
Venue: Hotel Realm Photography: Tim Benson
Expert Advice
In her relatively short tenure as Australian Small Business and Family Enterprise Ombudsman (a descriptor for which even the acronym ASBFEO appears too long), Kate Carnell and her staff have not taken a backward step in inquiring into some controversial economic issues. In her most recent report, Ms Carnell proudly eschews those who would otherwise ignore the proverbial room-bound elephant,...