I find that often businesses don’t understand the risks involved in terminating employees until they find themselves sitting at the end of an unfair dismissal claim by an employee that they’ve just terminated. So many unfair dismissal …
ReadHear the Chan & Naylor story from the founders Ed and David themselves and how they started in the Accounting Industry as a small business that developed into a nationwide property and business tax specialist firm with 11 …
ReadSo you think that simply having a business name or company name means your brand name is protected? Think again… A recurring issue in the area of trademarks is the wrong assumption that simply registering your business name, …
ReadHow do you know when it’s time to sell your business? Perhaps you’re ready to retire, or your health has deteriorated. Or maybe you feel that you’ve gone as far as you can in your current business and …
ReadLodging and paying tax online is simple and secure thanks to the Australian Taxation Office (ATO). They provide a range of online solutions to make tax payments more convenient. Let’s discuss the different types of businesses, when tax …
ReadA Business Activity Statement (BAS) is a tax reporting obligation for business. It is issued by the Australian Taxation Office (ATO) and facilitates the payment of Goods and Services Tax (GST), Pay As You Go (PAYG) instalments, PAYG …
ReadKnowing how to build and nurture client relationships are the keys to a business’ success, particularly for those in advisory positions. Studies have shown that existing clients cost less to service. They also refer new clients more often …
ReadWant to manage your books in the cloud? A growing number of businesses have done so. This is because they understand the advantages, like better mobility and a much easier partnership with their customers. These things are essential …
ReadIn this article, we’ll discuss the latest Single Touch Payroll updates from the ATO as the STP go-live date approaches. Starting July 1 this year, small businesses with 19 or fewer employees will need to start reporting via …
ReadThere’s no doubt about it: the upcoming Federal election is making people nervous. But, according to a new survey by Deloitte and Westpac, it could also be impacting investment and job creation. The survey notes that many Australian …
ReadManagement accounting is the method of putting together administration reports and accounts to promptly provide precise financial information to business managers so that they can make informed short-term and long-term decisions. It determines, examines, interprets, and reveals financial …
ReadWhat is financial accounting and why is it important to a business? Sometimes called the “language of business”, financial accounting is the method of finalising financial accounts. It generally follows the three-step process which are: Review – accountants …
ReadWhile requesting payments for late invoices from your customers and clients may seem awkward and stressful for some, it is still payment for service that they had requested and that you accomplished. Therefore, you should rightfully get paid …
ReadA common fear of business owners is the risk of the unknown. In essence, you don’t know what you don’t know and this can be terrifying. To help you mitigate this risk and avoid some of the most …
ReadA business plan is an essential tool for the success of a business. An effective business plan will not only help an owner to prioritise on the precise actions needed for them to make their product or service …
ReadWe have received reports of spam and phishing emails claiming to be from Chan & Naylor that contains a specific PDF document called “Asset Allocation” and urging our clients to click on the file to open it. Here’s …
ReadThere are so many questions to ask yourself when buying a business and it’s worth taking the time to answer them carefully. What you decide now will affect your future in a major way. One of the first …
ReadIf you manufacture goods in China or derive any revenue from China, it’s time to put trademark registration at the top of your list of priorities. In what is becoming an alarmingly common phenomenon that has affected even …
ReadEven though scams, hacks, and breaches have become more innovative and tougher to deal with, human error continues to be one of the primary reasons why hackers can access business databases. According to a recent breach report coming …
ReadThe Single Touch Payroll deadline for employers has been extended to 1 July 2019. From this date onwards, single touch payroll will be applicable to all employers. Single touch payroll (STP) is the direct reporting of salary and …
Read