If a business provides certain benefits to staff, or their associates, the business taxpayer may be up for fringe benefits tax (FBT). But there seems to remain ongoing misconceptions, or at worst misinformation, among many in business about the exemption or otherwise of certain benefits provided to employees. Generally, a condition of exemption is […]
By: Mikki Silverman For small and medium sized businesses, the makeup of your team can have a significant impact on overall performance. It comes down to not just having the right blend of skills but also the cohesiveness of the team and their engagement with the work that will give your business a competitive advantage. […]
Ensuring children’s rights are met in Australian businesses… As a business owner, it’s important to make sure that you respect and support children’s rights while running your business. You might deal with children in your business as: customers employees your target market or as part of your supply chain. What are children’s rights? Children have […]
By: Katrina Mckinnon Failure to implement an emergency action plan in your business could lead to serious injuries and loss of life, plus severe penalties if there is an emergency situation or disaster. Here’s a sobering statistic: work-related injuries and disease cost the Australian economy about US $78 million per year. It’s therefore imperative that […]
By: John Palfreyman A business can be like a leaky bucket. Marketing teams work constantly to pour new customers in the top, spending time and money on campaigns, but if there are holes, customers are always going to leave and need to be replaced. Of course, this is not the functioning of an ideal business […]
By: John Corias Starting up and successfully running a small business can certainly be overwhelming at times and it is of the utmost importance that you get things right from the very beginning. Your employees are one of your greatest assets, vital in the growth and prosperity of your business. To make the most of […]
By: Pip Spibey-dodd It’s that time of year again: tax time. When the challenge of filing personal taxes is compounded by the need to sift through work-related travel expenses, it’s no wonder many workers would rather visit the dentist. Knowing how to file business travel expenses can be one of the most confusing areas when submitting expenses to the Australian […]
By: Rowdy Mclean In the modern business world, change happens so quickly that if you haven’t got your eyes on the game, you can be quickly thrown out of it. As a business owner, you need to evolve and shift with the times and trends, or risk getting left behind. So if you want to […]
By: Max Newnham There are many ways businesses can be owned and operated. The simplest is a sole trader, the next is a partnership of individuals, and then there are the more complex and costly options of a company, a family discretionary trust, or a unit trust. The most complicated of all is a business […]
By: James Harkness Taking the entrepreneurial plunge and starting your own business can be as liberating as it is terrifying. While holding a corporate job is no easy feat in itself, being an entrepreneur requires an entirely different skill set which may make you feel nervous and unprepared. Coupled with the fact that there are so many […]
