Business
Tax office targets working from home deductions
14 June
The fixed rate method for calculating your deduction for working from home expenses has been revised. The revised fixed rate method is $0.67 per work hour and available from 1 July 2022. The fixed rate method has been revised to: increase the...[Read More]
10 Benefits of Doing Something You Love Every Day
8 June
Engaging in activities that you love is not only enjoyable but also offers a multitude of benefits that can enrich your life in various ways. So, if you’re on the fence about indulging one or some of your life’s passions, here are some...[Read More]
New workers’ bargaining scheme gets first big test
7 June
Laws allowing workers from different businesses to band together to challenge for higher wages will undergo their first test in the childcare sector. Unions representing staff from 20 early childhood education providers across NSW, the ACT and...[Read More]
Dealing With Higher Inflation: Strategies to Thrive Amidst Rising Costs
1 June
The cost of living continues to rise, and many are feeling the pinch. However, there are ways to navigate and adapt to this challenging financial landscape. If you’re looking for practical solutions and workarounds to help you tackle higher...[Read More]
AI use not the ‘Wild West’, company executives warned
31 May
More than two-thirds of Australian organisations have embraced artificial intelligence but many executives are largely ignorant of existing laws governing their use, according to a new report. Artificial intelligence is fast becoming an essential...[Read More]
Determining the Right Business Structure (from day one)
18 May
All successful businesses depend on a solid and dependable structure. While you can always work it out as you go, improvisation in the business world is inefficient, highly risky, and likely to lead to failure. Getting the right systems in place...[Read More]
Shorten reboot to put NDIS back ‘on the right track’
19 April
The National Disability Insurance Scheme is set to undergo serious and systemic reform to ensure it continues to meet people’s needs long-term. NDIS and Government Services Minister Bill Shorten outlined six key areas of reform in an address to...[Read More]
Time management: The meaning, importance and benefits
19 January
It is often said that ‘Time and tide wait for no one.’ Therefore, to achieve success in life, one needs to develop a deep appreciation for time. Anyone can benefit from time management — whether in school, in the office or with life in...[Read More]
Overview of record-keeping rules for business
11 January
You are legally required to keep records of all transactions relating to your tax and superannuation affairs as you start, run, sell, change or close your business, specifically: any documents related to your business’s income and expenses any...[Read More]
Determining the Right Business Structure
4 January
All successful businesses depend on a solid and dependable structure. While you can always work it out as you go, improvisation in the business world is inefficient, highly risky, and likely to lead to failure. Getting the right systems in place...[Read More]
What you can do to protect yourself as scams evolve
28 December
In 2022, Australians fell victim to investment and cryptocurrency-related scams, losing $242.5 million (US$166 million). In the United Kingdom (UK), a total of over £2.3 billion was lost in 2021 because of various scams, including online shopping,...[Read More]
If you became a director before 31 Oct 2021, you need to apply for your directors ID now
23 November
When you need to apply is determined by when you were first appointed, and under which Act. If you plan to become a director, you can apply before you’re appointed. Corporations Act directors When you must apply for your director ID depends on...[Read More]
Top questions when applying for a director ID
16 November
Who needs to apply for a director ID? You need a director ID if you are a director of a: company registered with the Australian Securities and Investments CommissionExternal link (ASIC) or the Office of the Registrar of Indigenous...[Read More]
Fair go push on parental leave
16 November
Businesses are being encouraged by the federal government to equally fund paid parental leave schemes for men and women so families can maximise time with their children. While all parents are entitled to 20 weeks of government-funded leave, not all...[Read More]
Data breach penalty laws pass lower house
9 November
Increased fines for companies that have serious data breaches are one step closer, after new laws passed the lower house. The bill will hike up fines for breaches from $2.2 million to either $50 million, 30 per cent of a company’s turnover during...[Read More]