New super rules and estate planning
Accounting
It is early days yet and of course there is no certainty that the Labor Government's changes will pass Parliament (and who knows whether the Liberals will roll them back any way if they win the coming election).However, here are a few thoughts on the effect of the proposals on Estate Planning if the amendments pass. It is proposed that...
Green thinking makes good business sense
Expert Advice
According to recent studies (including by Accenture) , the overwhelming majority of business leaders see sustainable business practices as fundamental to the growth of their companies. And for good reason: factors such as spiralling energy and resources costs, along with increased emphasis on corporate social responsibility and other factors are combining to make sustainability a 'must have' for business. The...
Relationship between board and management
Accounting
There has been much discussion recently on how to develop a productive and harmonious relationship between the board and management. We know that this is critical for good governance and organisational effectiveness but can be difficult to achieve in reality. The importance of this relationship is critical across all sectors whether the organisation be in the Private, Public or Not...
Organisations on the move
Expert Advice
We'll get your business and your people set up, in place and ready for work on time. Total Solutions For You We have expertise in professional relocation management and commercial relocation services. We understand the wider issues, the need for careful planning, detailed project management and clear communication with your staff. Our experienced team takes total responsibility for your relocation,...
Employing foreign workers – Subclass 457 visas and changes from July 2013
Expert Advice
The Temporary Work (Skilled) (subclass 457) Visa ("subclass 457 visa") is in practice the most common work visa used in Australia. Its popularity has continued despite the substantial changes to the 457program in 2009, when it became more expensive and more onerous for an employer to recruit overseas workers. These changes were implemented to prevent abuse of the scheme. The...
7 ways to minimise tax liabilities before the EoFY
Accounting
With the end of the financial year fast approaching, organisations need to start looking at ways to minimise tax liabilities. While business owners should have strategies in place all year round to reduce tax liabilities, 30 June presents some additional opportunities and is a critical deadline for minimising tax for the financial year. Seven key opportunities to reduce tax liabilities...
How effective is cloud computing?
Accounting
Small to medium sized businesses are finding ways to streamline their business operations by moving away from traditional on-site servers to internet based servers, a process known as 'cloud computing. 'Cloud computing refers to the storage of information, applications and other business tools online. The hardware used for this informationis stored in a remote location and managed by a third...
How resilient is your business?
April 2013 Issue 81
We have seen major disasters over the past few years both in and outside of Australia that have caused significant disruption to businesses of all sizes. The Queensland floods, the Japanese Earthquake and Tsunami are two that spring to mind. It needn't to be a major disaster, however, to render your business unable to operate in a 'business as usual'...
Talent attraction
April 2013 Issue 81
One of the key questions your Recruitment partner should ask you is"How do you define your culture in order to attract the best talent"? With over 14 years of Executive recruitment in the Canberra marketI consistently hear the same old adage; "We offer a flexible and familyfriendly workplace with a good Worklife Balance". This should thenprompt a response; "How do...
You don’t need to climb Everest to get into shape!
April 2013 Issue 81
What's the reason we go to work? What's the reason we eat? What'sthe reason we exercise? Firstly, we go to work because in this urbanised society a secure jobthat provides for our basic needs presents us and those around us agreater chance live a full and enriched life. Secondly, eating is a necessity of life. We eat to satisfy our...
Gifts to self managed superannuation funds under your will
April 2013 Issue 81
Can you make a gift in your will to a self managed superannuationfund (SMSF)? Yes. But it is rarely used and potentially treacherous path. However,if you find a safe way through your beneficiaries could reap substantial rewards. Take the following scenario. Carlisle has two kids Jasper and Alice.Carlisle gets bad news from his doctor and he knows his time is...
Is your document security up to scratch?
April 2013 Issue 81
With a huge escalation in the amount of information received by organisations it's now increasingly important to keep sensitive information securely protected. Technology is a great enabler, and as much as it provides more opportunity for businesses to achieve success, it is unbiased in who and how success is achieved: just look at WikiLeaks. The challenge of protecting business critical...
The Governance of sport
April 2013 Issue 81
Another start to a sporting year, and the headlines have been mostly negative, whether it relates to the major football codes, cricket or indeed Olympic sports. The reviews undertaken after the Olympics and recently announced by the Australian Sports Commission have clearly focuses on improving corporate governance. A couple of quotes from a recent statement affirms this view: "While good...
Organisations on the move
Business Advisory
We'll get your business and your people set up, in place and ready forwork on time. Total Solutions For You We have expertise in professional relocation management andcommercial relocation services. We understand the wider issues, theneed for careful planning, detailed project management and clearcommunication with your staff. Our experienced team takes total responsibility for your relocation,leaving you to concentrate on...
Performance management
Expert Advice
The purpose of performance management is to improve performance. It is an ongoing process. It includes informal and formal discussions. Following on from our last column about staff retention, the performance review is a great opportunity for a team member and their manager to "get on the same page". Our Business Manager, Linda, has retained some wise words from a...
Avoiding divorce from beyond the grave
Estate Planning
The law is full of unusual cases. Here is a recent case that went all the way to the High Court. The Husband and Wife had been married since 1971. They both had children from previous marriages. Their wills left their respective estates to the children from their first marriages. However, the house they lived in was in the name...
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