Blog

Parliamentary Update

Editor: The ongoing citizenship saga in Parliament has resulted in the Government losing its one-seat majority in the House of Representatives, thanks to the resignations of Barnaby Joyce and John Alexander. By-elections have been scheduled in the relevant electorates and,…

The Positives and Negatives of the 80/20 Rule in Business

The 80/20 rule has been around for over a century and has been used as a tool to help guide and grow businesses since then. When applied in terms of business, the rule states that 80% of a business’s revenue…

Other GST News

The Government has released draft legislation on “improving the integrity of GST on property transactions”, as announced in the 2017/18 Federal Budget. They intend to amend the GST law so that, from 1 July 2018, purchasers will withhold the GST on the…

Three Ways to Network Effectively

When it comes to starting and developing a career, networking almost always makes things a lot easier. While there is no definitive percentage of a number of jobs created via networking, some surveys suggest that it could be as many…

Starting Your Company Checklist

Starting your own business can be one of the most exciting decisions you’ll ever make, but without the correct planning you could end up costing yourself a lot of time and money. We’ve had many clients embark on this journey,…

ATO Relief for SMSFs Reporting “Transfer Balance Account” Events

The ATO has announced that, from 1 July 2018, SMSF event-based reporting regarding events impacting a member’s transfer balance account (i.e., via a Transfer Balance Account Report) will be limited to SMSFs with members with total superannuation balances of $1…