Grow your business with Instagram

Grow your business with Instagram

Social media platforms provide a valuable opportunity to grow your business by building a loyal following, maximising the shareability of your page and creating an engaging brand image. Tips to grow your business on Instagram are provided below. Give informationThe bio section of your Instagram page should contain as many useful links to your business…

Drafting co founder agreements

Drafting co-founder agreements

Starting a business with one or more partners means you should draft a co-founder agreement. A co-founder agreement will bind your partners to perform specific responsibilities, confer rights and obligations on each member and define the terms that will govern your business relationship. Consider the checklist below to make sure your co-founder agreement is thorough…

Saving money on your fuel bill

Saving money on your fuel bill

For those who use a vehicle to commute, fuel is an expense that adds up. To save on the costs consider the following tips: Change the way you driveSuddenly braking, taking multiple small trips and accelerating quickly are sure-fire ways to rapidly empty your tank. Consider the following strategies to help you save on your…

Developing a successful mentoring program

Developing a successful mentoring program

Spotting talent early and nurturing it will benefit your business by strengthening your staff and ensuring that high performing, high potential employees remain loyal to you. Here are tips to develop a successful mentoring program. Give it some thoughtWhen developing your mentoring program, you need to establish your aim. Do you want the proteges to…

Strategies to reduce staff turnover

Strategies to reduce staff turnover

Staff turnover leads to significant costs from recruitment and training processes. Reducing staff turnover is fundamental to boosting profits in your bottom line and indicates a higher level of employee satisfaction. Perfect your hiring processStaff turnover will continue to rise or remain at the same rate if you hire people that are not the right…

Event based reporting framework for SMSFs

Event-based reporting framework for SMSFs

The event-based reporting (EBR) framework for self-managed super funds (SMSFs) commenced on 1 July 2018. The initiative allows for the administration of the Transfer balance cap (TBC). Under the EBR framework, you need to report to the ATO, when the first member of your SMSF begins a retirement phase income stream. The SMSF annual return…

ATO reminder fuel tax credit rates have increased

ATO reminder: fuel tax credit rates have increased

Fuel tax credit rates have increased on 1 August. The ATO reminds you to use the new rates to calculate claims on your next business activity statement (BAS). How to simplify fuel tax credit claimsIf you claim less than $10,000 in fuel tax credits each year, you can use the ATO’s simplified methods to keep…