LinkedIn Page Access By Employees is Risky Do you stop your employees from accessing the company’s LinkedIn page? There have been endless fears that once an employee exits they will have stolen clients from the organization’s LinkedIn account. They may start a business in the same line before resigning from work and poach the contacts […]
Succession Planning – Its main Advantages
Succession Planning – Its main Advantages Are you ready for succession planning? This will become handy when some of your most valuable employees or business partners exit your company. With them gone your business could plummet and fail, so you need to foresee situations that could lead to loss of a valuable entity, such as the CEO, […]
Closing or selling a business?
Closing or selling a business – Which One is Better? Sometimes you realise it is time to move on and you have to consider selling or closing a business. The main things you will have to look at is the tax implications. When you decide to stop trading, you will have to cancel your ABN– Australian […]
Microeconomics
Microeconomics Microeconomics is defined as the study of economics at individual consumers, businesses and groups of consumers’ levels. This concept of economics revolves around the choices made at a micro or low level by the entities mentioned above. It analyses these choices based on the factors affecting those decisions. Then it looks at how these […]
Organizational Chart Uses and Benefits
Organizational Chart Uses and Benefits An organizational chart shows the power hierarchy of an organization. It clearly displays a clear reporting system followed by all sub-ordinates. Organizational charts are not used by all organizations though. There are companies that do not use them at all. But these items are beneficial in the following ways: 1. […]
Trade mark Benefits and Advice
Trade mark Benefits and Advice Do you have a trade mark? If you don’t, do you know the benefits of having a registered mark? This is usually seen as a marketing tool. It becomes extremely imperative when an entrepreneur has a new product or service to launch. If you have a registered trade name, you […]
Website Business Directories – TOP 10 Picks for You
Website Business Directories – TOP 10 Picks for You There are website business directories that are very useful to any online entrepreneur. All an entrepreneur has to do is to sign up and display their business details on those directories. These sites are known to drive a lot of traffic to websites. However, you have […]
Macroeconomics Is a Sub-division of Economics
Macroeconomics Is a Sub-division of Economics Macroeconomics is a primary sub-category in economics studies. Those of you who have studied business have surely come across this term. It can be defined as the study of economics that encompasses the whole economy. What it is about Macroeconomics is about unemployment, economic growth, inflation, price levels and […]
ATO warns private companies about unpaid directors fees
ATO warns private companies about unpaid directors fees Tax Commissioner Michael D’Ascenzo has warned directors of private companies about claiming deductions for directors fees where amounts may remain unpaid by the end of the following income year. To qualify for a deduction a company must, before the end of the year of income, become definitively committed to […]
Small Business Growth Guidelines
Small Business Growth Guidelines Small business growth does not come automatically especially in these hard economic times. It will not happen just because you report early in the morning and close very late. You must be a prudent entrepreneur who sees many growth opportunities. And since not all opportunities will suit your business, you should […]
What Can I Salary Package?
What Can I Salaray Package? There are lots of great items that the Australian Tax Office (ATO) allows most employees to package, although the choice is dependent on the type of organisation you work for, as well as the items your employer has selected, and your personal circumstances. The list of items below is broken into […]
Tax Implications of Solar Power
Tax Implications of Solar Power Over the past few years, solar panels have amplified in popularity, bursting up on the roofs of houses and buildings all over Australia. One of the benefits of mounting solar panels being the income or credits you receive from the energy you generate and send back to the network. This […]
Things to consider before consolidating your super
Things to consider before consolidating your super Different funds have different regulations and offer different services. Before transferring your super out of one fund and into another, make sure you check for any termination or exit fees that your old fund might charge. When choosing your one preferred fund, always make sure that: It offers […]
Government Will End Benefits For Parents Who Do Not Vaccinate
Government Will End Benefits For Parents Who Do Not Vaccinate It has been confirmed that the Government will end benefits for parents who do not vaccinate. This will effect the eligibility for taxpayer-funded payments (including Child Care Benefit, Child Care Rebate and the Family Tax Benefit Part A end of year supplement) will be dependent on […]
Reckon Software Free Trial
Reckon Software Free Trial Finding the right accounting software can be difficult with all the choices out there. This is why Reckon accounting software (formerly known as QuickBooks) is such a sought after choice. Besides being a trusted name in the industry, it also has options that are tailored to different small business needs so […]
