Enriching Your Business
Superannuation contribution caps are low and the penalty tax for exceeding the caps is high. It is extremely important to keep track of how much you have contributed and how close you are to the caps to avoid being hit
All employers will soon be subject to new superannuation contribution reporting requirements. Starting 1 July 2012, all employers must report on all employees’ pay slips an anticipated date by which they will make that employee’s super contribution. You should note,
With recent economic downturn, downsizing staff can be an unavoidable experience. This can be heartbreaking for both employer and employee. There are a few steps employers can take so employees have a smoother transition to life after losing their job.
Small businesses often find the cost of employing staff to be one of the main expenses in their business and are difficult to manage. Therefore, businesses should consider employing interns as to help to reduce their costs. While interns earn
A phrase many will be familiar with is “success breeds success.” This statement is not always true, but it has value. Success can create a general feeling of positivity, which can lead to a general disposition of positivity both inside
For small business owners, retaining good employees continues to be a challenge. Below are some strategies to assist you in retaining invaluable employees: Recognise employees that are doing the “right things”. Small and simple gestures/incentives often means a lot and
In September 2011, a report was issued dealing with the concept of sustainability. The report titled “SME’s set their sights on Sustainability” was authored by The Chartered Accountants of Canada, American Institute of CPA and Chartered Institute of Management Accountants
If you are looking for a good way to wrap up a business, you might consider the cost-effective measures that can come with deregistering a company. Upon deregistering a company, there are several tax issues to consider. A paramount issue
When the Christmas season is upon us, party planning is in full swing and employers often consider gifts for staff and their families. You want to make sure that all of your Christmas cheer does not leave you with Fringe
With the introduction of the new car fringe benefits legislation on 1 May 2011, it is worth revisiting the method chosen for calculating the car fringe benefits tax (FBT). Previously, if you used the statutory formula method for calculating FBT,