The false and distorted campaign regarding franking credits continues even after the election . A column by Alex Carey @carey_alexis, a "Finance Reporter" with news.com.au this week continued the false narrative of franking credits being "FREE MONEY". Anyone with the slightest knowledge of the tax system knows it is nothing of the sort, like any other tax payer it is a refund of overpaid tax on earnings.
Move Beyond Hiring Interviews
The employment interview is a relatively familiar task for most people. A nervous candidate meets with the employer or supervisor, answers questions regarding their experience, strengths and weaknesses, and education. This method has been used by employers since before the development of human resource departments.
A businesses goal is to expand and help a wide audience. However, mistakes can hinder their chances for growth. Worse is when they are consistently repeated. Don't be the same; outlined are some of these mistakes to actively avoid.
In an ideal world, you and your accountant would be more than just "client" and "advisor". Together, with combined skills and a shared 'mission', you are more like strategic partners. Key to achieving such a partnership is strong communication between both parties. At your next accounting meeting, ask the following four important questions.
Workplace Wellbeing & Leadership
Many qualities make a great leader, however, if there could only be one attribute, it would be their ability to motivate productive teams and empower individuals. Leadership responsibilities are typically outward-looking and selfless, as managers work tirelessly to create working environments in which others can excel.
What is a phishing scam
A phishing scam is when malicious emails target a company’s customers by pretending to be from a legitimate email address. They will typically use the company name, but with an extra word or character slipped in. Phishing scams can also show a legitimate email address, like firstname.lastname@example.org, but really they’re spoofing it. The message is actually coming from an entirely different email address.
The benefits of cloud technology are often discussed in terms of, well, technology: its vast capacity, the easy scalability, the effortless overnight upgrades. But its advantages aren’t solely confined to the technical realm. New research from Xero surveyed 230 South African accountants about the way they use cloud technology; confirming that, in many respects, it’s as much about lifestyle and workstyle.
Bank feeds are a core component of Xero, giving you an up to date view of your cash position so you know how your business is performing. Unsurprisingly, it’s a popular feature – 71% of accountants tell us that bank feeds and reconciliation are their most loved features in Xero.
Late-paying customers are an issue most small businesses deal with. Our research reveals 9% of all payments to Australian small and medium-sized businesses are late, with business owners and staff spending an average of five days per year chasing late payments.
Alerts Not Alarms
Every so often you may hear or read about something known as a "taxpayer alert" being issued by the ATO. These are early warning signals from the ATO to warn the public about areas of concern. This could include dodgy investments, fraudulent schemes or tax minimisation tactic, which could get people in trouble. Alerts will typically highlight aspects of the most worry to the ATO.