Over the past 12 months, Mark has knocked a few things off his bucket list, both of which have been there for over 10 years. One has been there for over 20. After achieving a 10 year goal in April 2014 when he and his wife ascended to the lofty Himalayan peaks of the Gokyo... Read More
A reminder to employers that from 1 July 2014, the payroll tax exemption threshold in Western Australia was increased from $750,000 to $800,000 per annum. Also, from 1 July 2015, there will be a gradual withdrawal of the exemption threshold for payrolls between $800,000 and $7.5 million. Employers with payroll above $7.5million will be subject... Read More
If you’re a company director, you have the same corporate governance responsibilities as a director of a major public company, even though you’re running a much smaller business. Directors are responsible for appointment of a chief executive officer or a general manager and then monitoring the overall performance of the company. This means that directors’... Read More
Selling is about finding out what people want, why they want it and talking to them about how you and your company can help them get it…this is the supreme law of selling. To be outstandingly successful in business, you must first have a “great idea”. Then you have to turn that idea into an... Read More
Management should ensure that consideration is given to allocating specific responsibility for all of the key portfolios within the business. What are the portfolios that relate to your business? Portfolios relate to specific tasks that are outside the mainstream day-to-day activities a person might normally perform. The portfolio responsibilities need to be documented as specific... Read More
Fringe benefit tax returns for the fringe benefit tax year ended 31st March 2015 are due for lodgement by 25 June 2015. Fringe benefit tax, whilst relating to benefits that have been made available to employees, is a tax payable by the employer. The fringe benefit tax rate for this year is 47%. Items to consider as... Read More
If you have 20 or more employees, you have until 30 June 2015 (less than 100 days) to be using a certified SuperStream compliant service when you pay and report employee super contributions. SuperStream is part of the government’s Super Reform package with the aim of providing a consistent, reliable electronic method of transacting linked... Read More
In these difficult times, it can be beneficial to have a discussion with your competitors on general economic matters affecting your business. As long as you’re not discussing price or entering into any type of price collision on a tender, you’re able to have a discussion with your competitors, to look at market forecasts, how... Read More
Shrinkage occurs primarily in retail businesses, but can also apply to trades and manufacturing businesses. Shrinkage occurs when the business fails to sell an item at its full price. The difference between a potential selling price of a product and the actual selling price is shrinkage. Shrinkage can be caused by: damage; theft by an... Read More
The “5 S” system (a structured, systematic approach to housekeeping and a cornerstone of any world-class manufacturing) can assist a wide range of businesses, not just in manufacturing. “5 S” involves creating an organised workplace, incorporating the following: SORT – sorting and removing unnecessary items. SET IN ORDER – a place for everything and everything... Read More
PPSAdvisory – Introductory ServicesOur team recently received an update on the Personal Property Security Act (PPSA) from our affiliated advisor, Simon Read of PPSAdvisory Simon reminded us of the importance of our clients properly registering their security interests,... Read More