How to manage a killer social media content calendar

Social media content has an important and beneficial place in the business world. However, so many businesses do it wrong. Developing a social media content calendar can see the difference between your social media presence being a channel for increased profit, or it costing you time and money. Consider the following tips when developing a…

Improving role clarity

Improving role clarity

In today’s business landscape, many businesses are evolving to keep up with modern day demands. This is resulting in an environment where job roles and responsibilities are ever-changing. Many businesses assume employees will embrace these changes and new expectations, however, if staff are not consulted properly before changes to a role it can have a…

SMSF Capital vs revenue expenses

SMSF: Capital vs revenue expenses

Self-managed super funds (SMSFs) have access to a range of tax deductions for expenses incurred. Whether the expenses are capital in nature or are considered as revenue will affect eligibility for claiming such deductions. The Tax Office considers an expense that is incurred in establishing or making enduring changes to a super fund’s structure or…

Benefits and risks of joint accounts

Benefits and risks of joint accounts

Joint accounts can be a great financial tool, but they can also be the source of conflict for partnerships. Before setting up a joint account, consider the following pros and cons to ensure you are both experiencing mutual benefits and avoiding unnecessary conflict. Benefits / pros – Joint accounts are great for individuals with shared…

Managing your staff professionally

Managing your staff (professionally)

Business owners and managers have a duty to manage their staff in the utmost professional manner at all times, regardless of the situation. However, many business owners have not grasped the basic skills of managing people. Poor management of staff is detrimental to a business – it can result in low morale and productivity, a…

ATO to focus on cash only businesses

ATO to focus on cash-only businesses

To protect honest, compliant Australian businesses, the Australian Taxation Office has placed a strong emphasis on targeting the cash and hidden economy. The ATO is visiting businesses that deal predominantly in cash, with a focus on those that: Fail to meet super or employer obligations, and that fail to register for GST or lodge activity…