Quality of leadership can make or break a business October 8, 2015 Chris Foster The success of a business truly lies with the people who work in the business. However, how a team performs is generally a direct result of the ability of their leaders to lead. It has been said that team members will treat customers in the same way as leaders treat their team. It’s unfortunate that […] Read More
SMSF penalties – You need to be aware! October 1, 2015 Matt Richardson The penalty regime for SMSF Trustees has been in place for over 12 months now and it is appropriate we remind Trustees what they need to be aware of. The ATO Commissioner will impose penalties where certain SMSF breaches have occurred. But firstly, the Commissioner needs to confirm the actual contravention before any penalty can […] Read More
ATO Interviewing SMSF Trustees September 18, 2015 Peter Cramer Our many Self managed Superannuation Trustees might be interested to know that the ATO is randomly conducting phone interviews with SMSF Trustees asking them about their new SMSF. In some cases, the ATO selects SMSF trustees for “interview” by telephone before the ATO decides whether to allow the set-up of a SMSF to proceed. Per […] Read More
ATO targeting rental properties September 14, 2015 Kerry Schultz Be warned that this year the Tax Office has identified that it is on the lookout for inappropriate or excessive claims for rental properties. The four key problem areas identified are; Excessive deductions being claimed for holiday homes. Deductions are only available for the periods the property is rented out or available for rent during […] Read More
Computer security September 4, 2015 Rohan Brown How secure is your computer systems from attack or loss? Over the years I have had any number of clients contact me about loss of data. The main reasons for this are due to computer failure or outside issues such as virus attack. A recent example of this was a client that had been infected […] Read More
5 Reasons Why Business Fail To Work as a Team August 27, 2015 Chris Foster I have just read a great book written by Patrick Lencioni which provides an insight as to why teams fail to achieve great things. The book, ‘The Five Dysfunctions of a Team” has been based around an online assessment in which nearly 15000 participants undertook. The outcome of the assessment was that 68% of teams […] Read More
What have I learned in the last 6 weeks? August 24, 2015 Matt Richardson You can continue to learn a lot in a short amount of time, but in the last 6 weeks I have been reminded of some pretty important lessons I have learned previously. A couple of these points I have mentioned in my previous blogs. The Richest Man in Babylon This is a financial book by […] Read More
We will win no matter what you put up against us August 7, 2015 Peter Cramer Recently I had the opportunity to listen to a presentation by Ange Postecoglou – the Australian Soccer Coach. He was very interesting and shared a lot about his life and journey and taking the Australian soccer team to victory at the Asian Cup. So much of his philosophy is relevant to business and life. In […] Read More
Selling your assets July 29, 2015 Rohan Brown Selling business assets will generally require considering Capital Gains Tax implications. However even when selling personal non-business assets there may be a need to consider Capital Gains Tax. A capital gains is generally the sales price of the items less the cost of the item. The resulting gain may then be decreased by application of […] Read More
How to take your business to the next level July 23, 2015 Chris Foster Some 20 years ago I went to a seminar on business development and strategies for business growth. At that seminar I picked up one really critical principle – the principle known as the Pareto Principle or the 80/20 rule. I subsequently purchased a book written by Richard Koch called “The 80/20 Principle” which provided a […] Read More