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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...

How does a bad credit rating affect you?

What is a Bad Credit Rating? In Australia, a negative credit reporting system is used to record your credit related defaulting behaviors. This means a historical snapshot of your ability and commitment to repay your debts in a timely manner is kept on file. Financiers...

Employee Share Scheme Tax Implications

(Part 2 securities acquired post 2009 financial year) Following the e-alert published last week, this article will consider the potential tax implications if you acquired securities under an employee share scheme on or after 1 July 2009.  Due to amendments to the tax...

Superannuation Borrowing

Superannuation borrowing is arguably the fastest growing area of superannuation investment.  There is an increasing demand for superannuants to take more control of their superannuation. During the Global Financial Crisis (GFC) many superannuants were cashing in their...