Financial Advice
If you are a director of a business, you can become personally liable for unpaid Pay As You Go Withholding (PAYG) tax and Superannuation Guarantee Charge (SGC). The fact that you are not an executive director ie not involved in the day-to-day management of the business, is irrelevant. Tax compliance is part of your duties [...]
If you are thinking, “Well, I’m not using social media in my business. So I don’t have to worry about business risks with social media”, read on. Social media is now a main stream form of communication. You might not be using social media for your business. (Why are you leaving so much change on [...]
Guest Contributor: Kay Garaerts The introduction of Labour’s new Industrial Relations Policy and the Fair Work Act on July 1st 2009 has made a significant change in the way in which many organisations can manage their workforce to cope with the peaks and troughs of labour requirements. Reducing the size of your workforce as a [...]
Guest Contributor: David Gunzburg The second part of the Fair Work Act comes in to force from 1 January 2010. Part 1, which came into force on 1 July 2009, introduced new rules covering things like: Union right of entry Unfair dismissal proceedings Enterprise Bargaining procedures Part 2 will come into force on 1 January [...]
Guest Contributor: Michael Ronai “SMEs win in new R&D tax breaks plan. Thus ran a headline in The Australian Financial Review on 10 April 2010 flagging the introduction of the new R&D tax incentive legislation into Parliament on 13 May 2010. According to Minister Carr, this new simplified R&D Tax Credit that supersedes the complex [...]
Did your eyes glaze over when you saw the words “Risk Management”? Did you think any of the following: “That’s something for big companies. Small & Medium Businessess (SMBs) like mine don’t have the time, money or people to be tied up in unnecessary bureaucracy. Anyway, I’ve got insurance for my key risks. What more [...]
This Guide is contributed by Risk Management Specialist, Peter O’Callaghan of Wyndarra Consulting. Download the Easy-To-Do Risk Management Guide for SMEs pdf (93kb) which shows how the whole process hangs together. Step 1: Establish Context The first step under the Risk Management Framework is to define the context for which you are undertaking the risk [...]
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