One of the key decisions you’ll make when starting a business is which legal structure to use. Because it’s such an important decision, you should get advice from a qualified independent business, financial or legal advisor. Sole Trader A sole trader is the simplest form of business structure and relatively easy and inexpensive to start […]
Did you know that stealing in the workplace is a huge burden on business finances and it is a crime that often goes unpunished? Statistics obtained by the Australian Federal Police indicate that 70% of business fraud losses are from staff and former staff, costing businesses over $1.5 billion a year. The Australian Retailers Association […]
Marketing is often the first thing to go when tough economic times put the squeeze on cash flow, but experts say that those who maintain spending often emerge the strongest when things pick up again. Here are our Ten Tips for avoiding the pitfalls and how to get the biggest bang for your buck in […]
What’s the difference? According to Business.gov.au (What’s the difference between a business name a trading name and a legal name)…….. Nothing! Excerpts from the above explain as follows “Trading Name” is an old term used interchangeably with “Business Name” “Business Name” is the correct term and is the title you trade under. You can link […]
Registering a Business Name A business name is a trading name that helps customers recognise your business. There are legal requirements that come with having a business name. You must register your business name with the Australian Securities and Investments Commission (ASIC). You must then adhere to several legal obligations to avoid fines and the […]
SuperStream changes for SMSFs The ATO is calling on self-managed superannuation fund (SMSF) trustees to be aware of changes to the way they receive super contributions. Starting from 1 July 2014, SMSFs will be required to receive contributions electronically from employers. Employers have a year to make this change so SMSFs should check with their […]
10 Ways to Save Both Time & Money Stay on top of your account with SMS and Email alerts. When you register for SMS or Email alerts, you can choose to be alerted by SMS or email when certain things happen on your account, – such as, when your balance drops below a certain amount, […]
An Accountant or a Bookkeeper? Answer: Both There is a fairly big blurred line overlapping the roles of the Bookkeeping world and the Accounting world. Noting that neither term (“Bookkeeper” or “Accountant”) are protected words, in Australia. What this “non protected” means is that anybody can call themselves either title without any qualification or certification. […]
Things to be Aware of as You Approach Payroll End of Year. The Superannuation Guarantee Charge will increase again next financial year to 9.5% on the 1st July 2014; this rate will freeze until June 2018. The rate is proposed to gradually increase over the next years to 12%, subject to legislative process. […]
If you need help with your WorkCover QLD reporting obligations give us a call on 1300 0 22688 or 0488 88 6962. Who should I cover for workers’ compensation? This fact sheet provides useful information to help you determine who is a worker according to Workers’ Compensation and Rehabilitation Act 2003 (the Act). The […]
