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Tax Tips for Individuals

Tax time can sometimes seem a little overwhelming – especially when you have piles of scrunched-up receipts staring at you from a shoe box. To help you combat this stress, we have put together a list of tips to help this financial year. Buy deductible items now Buy...

Copyrighting

A Copyright is a type of protection for a person’s creative work and it is designed to prevent others from using this work without authorisation. Copyright protection is provided under the Copyright Act 1968 and is both free and automatic in Australia. Automatic...

Official Changes to the Superannuation Guarantee

After lengthy discussion, the Superannuation Guarantee (Administration) Amendment Act 2012 received royal assent on 29 March 2012. These changes have finally been made after they were recommended in the Henry Review. The new rules will impact greatly on all businesses...

Effects of Bankruptcy

In the 2011- 2012 financial year so far, over 2200 new cases of bankruptcy have been lodged in Australia. Increasing financial stress, credit card debt, personal loans and an unstable employment market, have greatly contributed to the bankruptcy declarations within...

Bad Debts and your Business

Failing to keep accurate track of your accounts receivable (that is, debts others owe to your business) can have many negative effects on the health of your business. If you have cash tied up in unpaid debts, this can severely affect your own ability to pay debts to...

Corporate Social Responsibility

Corporate Social Responsibility (CSR, also referred to as corporate conscience or corporate citizenship) is a form of corporate self-regulation integrated into your business. CSR is a built-in policy in which a business monitors and ensures it is active in society....

Facebook Timeline for your Business

On March 30th 2012, Facebook Timeline for Business Pages was released. The default landing pages no longer exist, which eliminated the process of “Fan Gating” (forcing users to like your business page in order to access more information). The new Facebook Timeline...

Are you a share trader or a share investor?

What’s the difference? The importance of correctly classifying a taxpayer as a share trader or a share investor has been affirmed by the Administrative Appeal Tribunal in the 2010 case of Smith v FCT. The distinction hinges on whether the taxpayer’s share trading...