Enriching Your Business
Having meetings from time to time can ensure the smooth running of an organisation. How you conduct these meetings is important to ensure employees do not find it meaningless. Small scale meetings: It is important that when you are holding
Management by Walking Around (MBWA) is a system that proactive listening managers use. It is used to gather as much information as possible so that small problems do not fester and turn into larger problems. It involves listening carefully to
It is imperative that you make a Will to ensure your assets go to the people you wish to benefit. Having a Will ensures that you have executors that you can trust appointed to carry out the instructions of the
The Australian Tax Office has made amendments to tax laws that aim to protect employees’ entitlements by holding directors personally liable for unpaid superannuation. Currently an employee of a failed company can try to recover their entitlements through the General
The Corporation’s Amendment (Similar Names) Bill 2012 has been drafted by the Government to curb phoenix activity in Australia. Phoenix activity includes a director of an indebted company intentionally transferring assets at a price below market value to another company that
Businesses are starting to estimate the effect the carbon tax is having on their business, however, business owners need to consider the Competition and Consumer Act 2010 (Cwlth) before blaming the carbon tax for price increases. Within the Act it
In the event that you have accessed any amount from a Self Managed Super Fund before you are eligible, you must declare it as income in your personal individual tax return. This money has to be declared as ‘other income’
The Government has introduced a new system of payment called Low Income Super Contribution (LISC) which has come into effect from 1st July 2012. Individuals who have an adjustable taxable income of not exceeding $37,000 of which 10% or more is
Australian Taxation Office has introduced a new online tool that allows you to monitor the progress of your tax return. The ATO aims to finalize returns filed by individual within 12 business days from receiving it. If the ATO is
New data and payment standards legislation for Superannuation came into effect from 1 July 2012. From 1st July 2015, the new standards will have to be followed when you deposit contributions into superannuation funds, if you employ fewer than 20