There will be a new transfer balance cap for retirement phase accounts as of 1 July 2017. Individuals may have an excess transfer balance and have to pay excess transfer balance tax if they exceed their transfer balance cap. These […]
From 1 July 2017, the ATO is reducing the amount of information needed for the business activity statement (BAS). Small businesses with a GST turnover of less than $10 million will use Simpler BAS as the default reporting method. These […]
With many potential customers using Google search to find businesses to meet their needs, having an influential meta description can be a powerful tool. A meta description is the content that appears on a Google search page under the name […]
The Fair Work Commission (FWC) has announced a 3.3 per cent increase in minimum wages starting from 1 July 2017. The new national minimum wage will be $694.90 per week or $18.29 per hour. The increase applies to employees that […]
The ability to network effectively can greatly increase the success of your business. Networking and getting your name out there – in a positive way – builds credibility for your business and can grow your customer base. However, networking doesn’t […]
Interest-only loans have grown considerably in Australia over the past few years. However, a recent crackdown from the Australian Prudential Regulation Authority on this type of lending highlights the risks of these loans to both the lendee and economy. An […]
When developing a business or coming up with a new idea, there will always be people that focus on the negative: they tell say you can’t do it, that something will go wrong and you’re too ambitious. If everyone listened […]
Individuals will no longer be able to elect to treat super income stream benefits as lump sums for tax purposes as of 1 July 2017. For those who are receiving a super income stream and normally would have made this […]
From 1 July 2017, the 10 per cent maximum earnings condition will be removed for those individuals who wish to claim a deduction for personal super contributions. In 2016-17, individuals can claim a deduction for personal super contributions where they […]
Protecting business from any kind of threat is a priority. However, when it comes to online security, many business owners are not practising secure measures to protect their business. Online scamming and fraud is a lucrative industry, with endless amounts […]
