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Business report
Get some wins on the board with effective business reporting Too often businesses fall short of their goals because they don’t understand how to acquire and interpret data. Some cling to outdated reports that don’t reflect the contemporary market. Some get bogged down in so much information that it becomes meaningless. And others don’t report at all, preferring to rely on instinct, or just roll with the punches.

The truth is it’s never been easier to create sophisticated reports on many different aspects of your business. If you’re wanting to improve your business health, it may be time to change or elevate your metrics. Read more
woman on vacation
Holiday on the horizon: maximising your break Whether you’re glued to your desk most days or have honed the work/life balance, we all need to take a break at some point. The end of the year is a great time to reflect on your achievements and recharge. But while December is when many of us are trying to wind down, it can also be a chaotic time, with holiday festivities filling up our calendars and mounting pressure to get everything done.

Here are some tips on how you can make the most of your upcoming break. Read more
Gift, Present
Unwrapping the joys and pitfalls of giving Christmas is a time of giving, when thoughts turn to family and to helping those less fortunate. To gift in a meaningful way that maximises the benefits, it’s important to consider tax.

While Australia doesn’t have a gift tax, there are tax considerations nonetheless for both the giver and the recipient.

Buying a toy for your grandchild is one thing but many parents wish to help their adult children or grandchildren with more substantial gifts such as a home deposit or a car. If you receive a Centrelink age pension now or are within five years of retiring, that “gift” will be counted as an asset and could affect your pension. Read more
Festive season
Tax and the festive season As the festive season approaches it’s time to start thinking about celebrations and spending time with friends and family.

For most business owners, it also means it’s time to start thinking about saying thanks to your employees for another year of hard work.

But it’s important to be aware of the tax implications of any gifts and celebrations you provide, as the rules can be complex. Read more
Road
Keeping on the right side of SMSF rules The lure of greater control over your retirement savings with a self-managed super fund may be enticing but the freedom to chart your own destiny also comes with the responsibility to comply with the rules. Read more