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We love a good podcast, what about you?

Downtime is a fact of life and the mental break can be a good thing. But sometimes you get stuck doing nothing when your mind’s ready to work. Thanks to podcasts, you can use that time to get tips on e-commerce, filing taxes, how to do market research or even launching a crowdfunding campaign. We find you can always be connected with many tools these days, but we love a good podcast. They can really work well …

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Big Changes for Payroll in 2019 with STP

If you are already reporting Single Touch Payroll (STP) to the ATO, there is a different process for issuing payment summaries from now on. Employers usually must provide payment summaries to employees by 14 July. In the STP reporting system, employers must make a finalisation declaration by this date, in order that the employee’s information will be released in their myGov account as an income statement and listed as tax ready. The ATO is allowing additional time, up to 31 …

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Getting Ready for EOFY Series – SMSF

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for those with a SMSF. What’s new Carry forward unused concessional contributions If you have: A total superannuation balance below $500,000 as at 30 June; and Not utilised your entire concessional contributions cap ($25,000) for the …

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Getting Ready for EOFY Series – Partnerships

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for those in a Partnership. What’s new Partnerships and the small business CGT concessions While the changes are not yet law, the Government is planning to close a loophole that enabled access to the small business …

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Getting Ready for EOFY Series – Company

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for Company entities. What’s new Extension and increase to the instant asset write-off The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has been extended (again) and expanded.  …

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Getting Ready for EOFY Series – Individuals Sole Traders

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for individuals that are Sole Traders. Superannuation Carry forward unused concessional contributions If you have: A total superannuation balance below $500,000 as at 30 June; and Not utilised your entire concessional contributions cap ($25,000) for the …

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Getting Ready for EOFY Series – Trust

We all would like to reduce our tax exposure and minimise the risk of an audit by the regulators. This end of financial year update series outlines the actions you can take to do exactly that! This particular blog is targeted for those that have a Trust entity. ATO focus areas TFN reporting Has your trust lodged TFN reports for all beneficiaries? Trustees of closely held trusts have some additional reporting obligations outside the lodgement of the …

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Get listed on Google & reap the rewards.

If you want information on any subject nowadays you usually ‘google it’! For this reason, it’s essential to make sure your online listing is accurate and up-to-date. It’s easy to claim your free Google listing and update the information that will show up on Maps and Google’s Local Finder, plus you give your business more chance of being found online. Google my business is the easiest way to get found because everyone has it in the pocket …

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Creating a small business budget with ease

Small business budgets are empowering. They give you the knowledge and insight to eliminate wasteful spending and get to profitability faster. Planning for business success with a solid budget When you’re running a business, it’s easy to get caught up in the cycle of busyness day in and day out fixing problems and forget the bigger picture. However, successful businesses invest time to create and manage budgets to regularly monitor finance and performance. Structured business planning can …

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Resistance to change & 8 ways to overcome it

Every business has been on a path to success only to find a sudden roadblock or issue that needs to be overcome. Change can be hard for owners and employee, but if the plan is on track the resistance will be overcome when the pain is too much. Research by Kotter International found that more than 70% of change projects within a business fail. Why is this? The research findings show that employee engagement is the biggest …

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