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

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

Small business owners will all know that feeling of task anxiety; that moment after you frantically write down a list of projects, tasks and due dates when you ask yourself, How am I going to get everything done? Is this possible? It’s not because you have too many tasks to complete, it’s because you haven’t structured your to-do list effectively. Understanding how to prioritise, bundle, time manage and reflect will help

What are the habits of highly successful property managers? Are they superhuman multi-tasking machines who don’t sleep? Most definitely not. Are they walking, talking charm-bots? Maybe. Either way, they’ve worked out ways to be more efficient and resourceful than most property managers. They take care of themselves and the people around them, even if they’re in a relationship with real estate. Here are the seven habits of highly successful property

With the new financial year upon us, you might be thinking about getting ready to lodge your tax return, either on your own or through a registered tax agent. Ask yourself (or your tax agent) these six questions to make sure you get your tax right and use this tax time to set yourself up for a great year ahead. 1. Which records do I need to keep? sales and

Be sure to keep these common mistakes top of mind as you develop your trust accounting policies and procedures to minimise the possibility of error – the penalties for which can be as severe as losing your licence! 1. Not reconciling daily One of the most common trust accounting mistakes property managers make is not reconciling frequently. You should make sure your accounts are balanced every day if possible, so

The Fair Work Commission’s Wage Review Panel handed down its 2018/19 minimum wage review on 30 May, awarding a 3% increase in the minimum wage and in modern award rates of pay effective from 1 July 2019 New national minimum wage The national minimum wage (NMW) will increase to $19.49 per hour or $740.80 per week (previously $18.93 per hour or $719.20 per week), a rise of $21.60 per week.

When cash flow gets tight, corporate compliance is often the first casualty. Some directors also think that if a tax debt can’t be paid, that it’s best not to lodge any tax returns. Here are 7 reasons why it’s best to keep tax lodgements up to date and accurate – even if they can’t be paid! The traditional 21 day Director Penalty Notice (DPN) Where a company has a PAYG