Directors call for tax reform
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...
The risks of using images off the internet: Copy and paste, right?
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...
Roguish renters vs. terrific tenants
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:...
A practical approach to minimising the risk from identity crime
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...
Small fish, big fish & the magic of cash flow
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...
Steps to help plan your ideal retirement lifestyle
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...
Small business CGT concessions – worth aiming for
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...
Save your website from Mobilegeddon
Expert Advice
Yes, it sounds a bit dramatic, but if your website is not mobile friendly, the latest Google algorithm could significantly affect your ranking on Google's search engine. In Australia, over 90% of searches are done on Google. It's never been more critical for websites to be mobile friendly. If you don't do something about this now, it is likely to...
When it’s time to leave, leave well
Expert Advice
The day will inevitably come when it's time to move on from your current organisation and take up a fresh challenge elsewhere. However, the way you leave your employer is important and you must ensure you leave on good terms, as how you leave is often how you are remembered. Leaving one organisation to start a new challenge elsewhere can...
Legal issues to consider when starting a business
Expert Advice
Starting a new business is an exciting time. A difficulty may be getting all necessary legal advice, and mechanisms in place prior to starting. Although cash flow can be tight when starting out, this is an important time to receive professional advice, as it may limit the risk of unintended issues arising later. What are the legal issues / advice...
Relocation of children following separation
Expert Advice
Do I need permission from the other parent or a Court to move with my children? Parents need to be aware that if you move within Australia without the other parent's consent or a court order, the other parent may apply for a recovery order in the family law courts seeking to have the children returned. If a recovery order...
Digital versus Offset printing
Distribution Logistics
The Print Logistics industry is undergoing continual change - if we accept that "print is not dead", then we are told that today's choice is either Digital or Offset printing. The reality is that there remains a role for both, and the choice is not so much "which one" but "which one is right for this job". Traditional Offset printing...
Workforce Diversity
Corporate Governance
In early April, the Australian Institute of Company Directors (AICD) released a statement calling on all boards to ensure that at least 30% of directors are female, and urged all listed companies to achieve this target by 2018. In launching this target, AICD's Managing Director and CEO, John Brogden, said the new objective is a significant extension of previous diversity...
Will a pool leave you swimming in cash, or drowning in debt?
Banking
The hot Australian summers are perfect pool weather, so it might not be surprising to learn that Australia has the highest pool ownership per capita - there's around 1.2 million private pools currently installed and thirty thousand new pools being installed each year1. But, aside from the countless hours of enjoyment you and your family could experience with a pool,...
It’s time to go… bringing business relationships to an end
Business Law
Business relationships; when they're good, they're great, reaping financial rewards and mutual benefits for all parties involved. But what about when they're sour, and what was once a productive working relationship becomes a burden? As we approach the end of the financial year, now is the time to take stock of your existing contracts and consider how do you go...
Family Law and insolvency – not strange bedfellows
Business Advisory
"…In this world nothing can be said to be certain, except death and taxes." So said Benjamin Franklin in his famously quoted phrase regarding a fledgling American Constitution. However, fledgling relationships, be they domestic or commercial, rarely take into account such matters - particularly if by 'death' we think in a more expanded way about the 'end' of that relationship....
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