When we first start out, we generally employ people as Casuals. It is the easiest relationship really. We just put them on and pay them for the hours worked. Simple exercise really. But it is not necessarily the …
ReadKnowing how to protect your small business from lawsuits is essential in turning your business into a successful enterprise. There are a number of things to consider doing or not doing which can be potentially disastrous for your …
ReadXero is the ultimate accounting software. It has all the accounting tools that you will need to help grow your business. If you already use Xero, then you know how easy it is to actively run your business, …
ReadThere are very few industries that are able to pay Commission Only to their staff. Real Estate is one, but they must meet certain requirements. For most other companies, this just isn’t an option available to you. If …
ReadAs a Business Broker, I’m often asked what the most important aspect of selling a business is. To me, it all comes down to trust. I meet a lot of people who think their best strategy is to …
ReadInsolvency is when a business or individual’s liabilities total more than the value of the assets and the debts can no longer be paid. If you or your company is facing insolvency, here are some general scenarios on …
ReadRedundancy “Two meetings, why do I have to have two meetings, what if I just do one?” This was the question one of my clients just asked me. My response was, “Yes it is necessary and no, one …
ReadThough the process of pricing a business can differ from business to business, the basic principals remain the same for the most part. There are three primary elements that need to be assessed. The first, and perhaps the …
ReadFor companies who have 20 or more employees, reporting your payroll and superannuation information to the Australian Taxation Office through Single Touch Payroll (STP) is now mandatory. However, if you are still not ready for STP reporting by …
ReadXero has evolved from being just a bookkeeping software to a small business platform. Cloud accounting has certainly changed the market and the small business economy, helping businesses become more efficient and frictionless in how they work. Xero allows them to …
ReadFrom the 1st of July, employers with 20 or more employees will be required to report to the ATO all payments such as salaries, wages and Pay as you Go withholding and superannuation from payroll solution each time …
ReadTranscription: AMY: Hi and welcome to our third episode on kwikTV. I’m Amy from Chan & Naylor Brisbane (Business Services) and I will be your host. In this episode, we will be looking at the ATO’s introduction …
ReadFair Work Act 2009, Independent Contractors Act 2006, Awards – what happens when you are in breach of 3 pieces of legislation? You get fined a lot of money. What if you have 3 contracts that are Sham? …
ReadIt is as if the value of a business is the worlds biggest kept secret. Business owners can spend all their business life (in many cases decades) and not really know the real value of their business. By …
ReadPeter Ristevski of Chan & Naylor Business Accountants in Bankstown has recently been interviewed by James Short on his podcast. James Short is a certified trainer in neuro-linguistic programming, time line therapy, hypnosis and DISC behavior style. Using …
ReadScammers have been pretending to be ASIC, contacting customers and asking them to pay fees or give their personal information. The emails have a link with a fake invoice, which if you click, infects your computer with a …
ReadDo you know the right Australian business structure to start your business? It is important to get it right from the beginning. Most of the small business owners use one of the 4 common structures in Australia i.e. …
ReadCalling someone a casual does not make them a casual. Please ensure your employment relationships with your staff are correct. Once that person has any form of uniformity and/or regularity to their role, they are no longer a …
ReadDon’t forget if you are looking to Recruit, we do this on an hourly basis, not a percentage of salary. Contracts of Employment They are not a legislative requirement, but they take the ambiguity out of your relationship …
ReadRecently a client contacted me to advise that he had received a letter from the Fair Work Ombudsman advising that a past employee was requesting back pay in the sum of $2,800. He was confused. This person was …
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