There is a fine line between a legitimate work-related tax deduction and something that is primarily for personal use, and knowing the difference is important at tax time. The last thing you want, is to pay back unnecessary tax claimed because of an error. That said, there are good reasons for making claims that … Continued
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As we begin to emerge from the world of working from home, it is important that businesses, employees and employers have the tools to deal with the COVID-19 environment and ensure they are all working together to support a safe, healthy workplace. Our team have put together some strategies as a guide to implement, to … Continued
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In a society where the internet is used much differently to the way we used to use it, many have questioned how safe it is to use for accounting purposes. There seems to be a stigma that the traditional paper methods are safer, because they cannot be hacked or accessed by the wrong person. … Continued
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Do you sometimes wish that you worked with your best friends? Wouldn’t life be automatically easier? You would have more fun at work, communicate better and be extra motivated, right? If you have wondered this, you are not alone and in fact there is a scientific name for it – a preference known as affinity … Continued
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Let’s start with a story, set in Norway in 1969 when they first discovered oil. A decision was made that would set the country apart from other petro-states, and to put the revenue generated into an oil fund for the people. Its wealth fund is now more than three times the size of Saudi Arabia’s. … Continued
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Over the last few weeks as we have changed and adapted the way we do business, events in many cases have been one of the first things business owners have had to cancel. If you can relate to this, it’s time to change your perspective and view this as an opportunity to engage your clients … Continued
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It is amazing to think that in the near future we will start to return to some sense of normality in our everyday lives. Finally, supermarkets will be able to keep toilet paper on the shelves for longer than an hour, you will be allowed to leave your house and workplaces will be inhabited again. … Continued
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COVID-19 has affected all of us both personally and financially. The biggest issue arises for many of our clients who have been affected in both cases, because they run a small business. Suppliers slowing or shutting down, debtors not paying or having to modify their own operations all of which heavily affect their bottom line. … Continued
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Part of me is scratching my head as I write this, the other part wants to say, “I told you so” …! A few days back the $44 billion fund representing largely hospitality workers, Hostplus, updated its product disclosure statement to reflect a clause in its trust deed that outlines five circumstances where the fund could … Continued
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This topic will hit home with many of us, because over the last couple of weeks we have had the rug swept from under us in regards to our working arrangements. Don’t get me wrong, most companies are prepared for staff to work remotely, in fact in 2018 a Census conducted on behalf of Indeed … Continued
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Covid-19 has caused major disruptions for people all over the world, imposing travel bans, the minimisation of social gatherings and even more importantly introduced the idea of ‘social-distancing’ which is to become a part of our daily lives for the foreseeable future. Your employer would most likely have discussed with you a contingency plan in … Continued
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Since the Global Financial Crisis hit (GFC), banks have become a lot more cautious about lending to consumers, and the conditions have only become tighter after the last Royal Banking Commission. The guidelines that a consumer must meet to obtain a loan have become more stringent in an effort for banks to ensure they are … Continued
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With lower interest rates and the saga of the housing crisis easing, first homebuyers now hold a good spot in the buyers’ market. According to the Australian Bureau of Statistics (ABS), first homebuyers accounted for 29% of home loans in May this year. This is the highest that number has been since 2012, and it … Continued
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What does a typical week in spending look like for your family? If you were tasked with listing how much money you spent and what it was spent on over a 7-day period, would you be able to accurately complete it? Answer, truthfully probably not. Even if you were able to come up with the … Continued
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Have you reached a point in your career where you don’t necessarily want to leave your job and start fresh on a new path, but at the same time want to boost your income? Maybe you have thought about it, but are put off the idea because you thought it would cost too much, or … Continued
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Have you ever looked at a toddler and wondered where their curiosity comes from? Children when they reach around the age of four often begin to ask what parents fondly refer to as the “W” questions. The word “why” becomes a part of their daily vocabulary and thus begins their learning process. Toddlers learn through … Continued
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“Never get so busy making a living that you forget to make a life.” —Dolly Parton, Singer. Famous words or famous last words? Our world today is a busy one. Regardless of the role you play and what your ‘job’ is, we as a society put a lot of pressure on ourselves to achieve and … Continued
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In today’s society, there are many reasons, that all seem valid (at the time) that we chose not to exercise enough and look after our bodies. Being a mum and balancing motherhood, business, family and career whilst pursuing an additional university degree, I would say I am one of the most time poor people in … Continued
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Entrepreneurs are unique. They have brilliant business ideas, often with a natural ability to think outside the box and deliver products and services that reflect their creativity. Some of the best businesses in Australia have come from entrepreneur minds such as John Illhan (Crazy Johns), Dick Smith (Dick Smith electronics, Dick Smith Foods &Australian Geographic) … Continued
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Insurance is often thought of as something that you must have, to satisfy requirements and to achieve peace of mind. Peace of mind isn’t all that hard to achieve either, as the assumption is that if you have insurance you are covered. Right? The answer is no. Critical mistakes are made every day when purchasing … Continued
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