Depending on what side of a purchase or sale of a business you are on, can significantly affect your obligations to employees as part of the transition. If you want to make sure that your employees are comfortable with the work environment, then you should use a candidate management system. So what does this actually mean for each stakeholder to address employee entitlements? This article looks at the following elements:
There are a number of circumstances under which you should consider forming a trust, and several different types of trust structures that can be used. Your circumstances will determine which structure is most appropriate for you. Some types of trusts include: Single/Umbrella Trust – all assets are transferred to one trust Parallel/Mirror Trust – each settlor (for example a husband and wife or de facto partners) transfers assets to separate
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Aug 2019
Records management for small business
As a business owner, you’re required by the Australian Taxation Office (ATO) to keep records for a minimum of five years, in plain English, and in a way the ATO can access if they need it. A simple advice from a small business consulting services group is that you should find out what records you should keep, and evaluate how well your business is keeping records by using the ATO’s record keeping evaluation
23
Aug 2019
Records management for small business
As a business owner, you’re required by the Australian Taxation Office (ATO) to keep records for a minimum of five years, in plain English, and in a way the ATO can access if they need it. A simple advice from a small business consulting services group is that you should find out what records you should keep, and evaluate how well your business is keeping records by using the ATO’s record keeping evaluation
19
Aug 2019
Common property depreciation explained
Shared assets in strata title lucrative for investors A strata title is used when individuals own part of a property, usually called a ‘lot’. This is generally an apartment, unit or townhouse complex which shares ownership of common property including driveways, foyers and gardens. The ownerships are combined through a legal entity called the owners corporation, commonly referred to as a body corporate. Strata title can include residential and commercial
19
Aug 2019
Common property depreciation explained
Shared assets in strata title lucrative for investors A strata title is used when individuals own part of a property, usually called a ‘lot’. This is generally an apartment, unit or townhouse complex which shares ownership of common property including driveways, foyers and gardens. The ownerships are combined through a legal entity called the owners corporation, commonly referred to as a body corporate. Strata title can include residential and commercial
We recently came across an article by former Prime Minister, the Hon Paul Keating where he says that he originally designed the superannuation system for people from the ages of 55 to 75, but that’s changed: “So, we have two groups in retirement – a 60 to 80 group and an 80 to 100 group. The 60 to 80 group is all about retirement living and lifestyle, which I think
16
Aug 2019
Checklist: bookkeeping services
Less time doing bookkeeping means more time running your business! When do you need a bookkeeper? These are some of the signs you should look for when deciding to hire a bookkeeper: Doing the books is taking you away from working on your business. The business transactions have substantially increased since you first started. You’re not sure that records are being kept correctly. Your tax and/or other compliance is getting
16
Aug 2019
Checklist: bookkeeping services
Less time doing bookkeeping means more time running your business! When do you need a bookkeeper? These are some of the signs you should look for when deciding to hire a bookkeeper: Doing the books is taking you away from working on your business. The business transactions have substantially increased since you first started. You’re not sure that records are being kept correctly. Your tax and/or other compliance is getting
14
Aug 2019
Understanding Your Trust Account
Many property managers are sometimes overwhelmed by the financial aspects of managing a trust, on top of managing their general business finances (if they own one). Most of then don’t know that they can get help from appointment setter services to attend a financial seminar for great information. This would have to be one of the biggies. When you are young, it’s easy to push super to the back of