Millennial job seekers are often far from the irresponsible job-hoppers many make them out to be. While they may come from a generation unfamiliar to many entrepreneurs and other business owners, it can pay to learn what makes them tick and how owners and managers can attract them to their company. Recruiting Millennials involves accepting…
Individuals may be looking to opt for an SMSF because these provide entire control over where the money is invested. While this may have traditionally been the domain of middle-aged, experienced investors with higher fund balances, a new breed of investors is arising. Millennials and Gen Y represent the fastest-growing segment of newly created SMSF…
Avoid leaving your business’s future in the dark by understanding your rights when your lease is up for renewal. A retail or commercial lease is a legally binding contract between a landlord and a retail shop tenant that allows the tenant to use the landlord’s property in return for rental payments. Renewing or terminating your…
During the onset of the pandemic in 2020, many Australians took advantage of the early access to their super that was a part of the financial support options offered by the government during COVID-19, and withdrew amounts to assist themselves. If individuals and sole traders had suffered financial hardship of at least 20 per cent…
Just like how individuals and businesses have to complete tax returns when it’s tax season, so too do trusts. Trusts have their own tax file number (TFN) that should be used to complete tax returns. Trusts can also apply for an Australian business number (ABN) on the condition that the trust carries on an enterprise.…
Equity is the difference between your property’s current value and any debt you still owe. It’s easy to think of your home loan as a never-ending series of monthly repayments. Still, with every payment you make, you’re building up equity in your home, and you might just have enough to start putting it to use.…
For Australians, many across the country are restricted in their options for mitigating the rising petrol prices once the fuel excise reaches its deadline in September. After halving the excise rates for petrol, diesel and all other fuel and petroleum-based products from 44.2 cents to 22.1 cents per litre, the expiration of the fuel excise…
It’s a wonderful feeling when you have reached a point where your business is so successful that you need to upscale. Whether hiring more people or moving location, upscaling has its unique challenges. What can you do to ensure that you are hitting the ground running while upscaling? Set Realistic And Actionable Goals Businesses should set…
Cybercriminals enjoy a new, rich playground in online banking. Two-thirds of Australians use banking apps to manage their finances, overtaking internet banking last year as the most popular method for the first time. However, online banking scams have become one of the most common attacks reported by Australians over the past few years. Unfortunately, these…
This year has unveiled many concerns about employee underpayments from businesses across different industries by the Fair Work Ombudsman. It is legally defined as the deliberate and dishonest withholding of wages from employees or the falsification or avoidance of keeping employer records to obtain an advantage. Also known as wage theft, employee underpayments fail to…