The transfer cap refers to the amount of money that can be transferred from your superannuation account to your tax-free ‘retirement phase’ account. At the moment, the transfer balance cap is $1.6 million and all individuals have a personal transfer balance cap of $1.6 million. Exceeding the personal transfer balance cap means that you have…
The business management style you adopt will depend on the needs of your business, what motivates your employees, and your style of work. Therefore, you do have some flexibility when it comes to the choices you make and how you manage your business. However, there are some which you should always avoid due to the…
Your credit score can affect loans and credit you apply for. You are able to have errors on your credit report fixed for free. The following are typical errors in credit reports, that you are able to get fixed for free. Errors by the credit reporting agency – there may be instances where the agency…
There are various causes of stress that make it difficult to have just one method of stress management. There are 4 methods you can use in response to stress: Avoid: Sometimes the causes of our stress are avoidable. For example, if being around certain people makes you feel stressed because of the way they behave,…
These are features you should make sure you have on your website: Your contact information should be easily accessible. Potential customers should know how to get in touch with you if they want your products or services. Try to have a blog on your website that you update with articles about your business area. This…
New COVID-19 cases resulted in Victoria going into a short lockdown. Although the lockdown itself wasn’t very long, the estimated damage to the economy was high. Experts are saying that the short lockdown could cost the state $1bn. Although there have been no new local cases since, some restrictions will stay in place. For example,…
When you own a rental property, keeping records is important. These will help you meet tax obligations. Generally, only individuals with their names on the title deed declare income and claim expenses. Remember that the records must be kept in English or should be easily translatable into English, and kept for a minimum period of…
Webinars are online conferences that have become much easier to host with technological advances. They are also cheaper and, if used correctly, can be beneficial for your business. Build brand authority and trust Giving potential and current customers the opportunity to speak directly to you allows for transparency which can improve trust. During the seminar…
People often perceive asking for help as a weakness, but sometimes, asking for help demonstrates strength. It shows self-awareness and a willingness to learn and grow. If you find yourself in the following situations, you should consider asking for assistance: You don’t know what you’re doing This sounds straightforward, but if you’ve been given a…
An Australia-wide survey asked employees what benefits they would most want from their employers. The following are the top 10 benefits: Flexible working Discounts on electricity, gas and water Continued education options Petrol discounts Free meals Supermarket discounts Mental wellness initiatives Subsidised massages, yoga, and gym memberships Special company deals on loans, mortgages, health insurance…