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12-steps for hiring employees, the basics

Hiring employees can be extremely time-consuming, but it’s important if you want to grow your business. If you get the process right, you’ll ensure you hire the right people. And if you look after your employees, they’ll stay with you longer and your business will perform better. Here are 12 steps to follow in your next hiring process: Create a clear job description Determine who is doing the recruiting Ensure each employee has a Tax File Number …

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Networking can get your business noticed

It can lead to referrals, valuable business opportunities and increased sales. But it can be daunting to put yourself out there, and tricky to get right. We’re lucky enough to have several organisations you can join in with engage other like-minded people. from Young Business Edge, Albury Northside Chamber, Business Wodonga or  Business Women Albury Wodonga. They all host a variety of events, workshops, information sessions,  but most of all plenty of opportunities to practice your networking …

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tax planning for directors

Paying tax is something you’re likely to see as a necessary (but not hugely enjoyable) part of running your business. But are you doing enough to plan your own personal tax liabilities? As a director, you’ll pay your income tax annually on a self-assessment basis. But there are plenty of ways to make this a less costly and onerous task to complete. Planning ahead when it comes to tax By taking a forward-looking approach to your own …

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Are you potential customers on the line & hook?

The people who answer your phone are responsible for the first impression of your brand. A sour phone interaction could lead to a prospect defriending your business. Have an open conversation about how to address callers to position your business as being considerate, empathetic and helpful. We’re looking to build long term customer friendships; it’s essential your first impression is a good one! Consider the following scenarios and responses: 1. Team member is available immediately. “Sure, I’ll …

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how do winners behave in business

There are three winning behaviours and three responses that’ll sink your team. We love this mindset tool and it can work wonders in your business as well as your life. Are you living above the line? If not, you need to get there, as it’s the easiest way to transform workplace culture and team performance. Here’s how, using the OARBED behaviour model: The acronym starts with OAR – when behaving above the line, one takes: Ownership. Accountability. Responsibility. Below …

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The success of your business is in your hand

The success of your business is in your hands. The path to success is a journey you can chart. And you can start right now. Change may be the only certainty in business, but you still need to know where you’re going. To plan for success, write it down or create a visual image of it. Then make sure you print it out, frame it, or put it somewhere so you won’t lose sight of it. This …

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2019 Financial Statements & Business Tax Returns Year End

To assist us in preparing your 2019 Financial Statements and Income Tax Returns, we have a Year End Questionnaire here. It is important that your records are complete and that any supporting documentation is included before forwarding to us. Filling in the questionnaire will help you identify transactions and any accounting issues that may arise as a result. Please fill in the questionnaire to the best of your ability and don’t forget to sign it!  If you …

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Self-employed, keep your Tax and expenses in or for your Tax Return

Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to understand what expenses you can and can’t claim. This means you’ll keep the right receipts and track the right expenses. Figuring out …

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Charitable donations may be tax deductible for a big Tax Refund

Donating to charity not only supports the vital work of an organisation or group, but it can have positive side-effects when it comes to claiming tax deductions. This will help reduce your Income Tax Return and get you a bigger refund as an individual. To be eligible for a tax credit, you need to make sure that your contributions meet certain conditions, and that you’re making a legitimate claim. In general, when a charity is an approved …

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It’s time to see what’s different in an accountant

The best accountants can do much more than just tax and compliance work for your business. They’re troubleshooters and strategic advisors for small business. Basically, having an accountant means that you can operate your business with more clarity and confidence. Whether you’re working to get a startup off the ground, or taking the reins of an established business, you’ll see value from making an accountant part of your team. When you have the right accountant and a …

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