Get ready for super changes from 1 July 2022

With the new financial year approaching, there are two important super guarantee (SG) changes that will apply to businesses – how much you need to pay and who is eligible for super. The SG rate will increase from 10% to 10.5% from 1 July 2022.  Employers will need to use the new rate to ...

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Selecting a Point of Sales (POS) system

What is a POS System? A POS system enables your business to accept payments from customers and keep track of sales in a convenient and effective manner. A POS system used to refer to the cash register, however today these systems are entirely digital, allowing payments to be processed from ...

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Why choose an Insurance Broker

Insurance forms an important part of the risk management strategy for your business as it offers financial protection when things go wrong. Of course, finding the right insurance solutions can be easier said than done and many business owners find it difficult to find the time to arrange ...

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Home loan interest rates – to fix or not to fix?

At the June Reserve Bank meeting the decision was made to increase the cash rate, by 0.50% to 0.85%. The big four banks have all announced they will be passing on this 0.50% hike to their new and existing home loan customers.   How much could rate rises cost? Major bank fixed rates show ...

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Benefits of Commercial Funding

Financing your business with one of the many different products available across Australia’s commercial lending market is less about borrowing money, and more about making an investment in your business success. Whether you’re starting up, sustaining success, or wanting to make the most of new ...

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Flood insurance explained

The risk of a flood occurring is reflected in the cost of the premium – property owners with a high risk of flood will pay a higher premium than other property owners.   Flood definition  Australian regulations include a standard definition of flood, which was introduced in June 2012. It ...

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Phishing

Phishing attacks are the practice of sending fraudulent communications that appear to come from a reputable source. It is usually done through email with the intention to steal sensitive data like credit card and login information, or to install malware on the victim’s machine.   ...

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Changes to the taxation of trust distributions

The ATO’s crackdown on the taxation of family trusts will have a significant impact on one of the most common income splitting strategies, the distribution of funds to children and grandchildren. What does the guidance mean for you, and should you reconsider how you’re using your family ...

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Federal Budget 2023 Summary

The 2022-23 Federal Budget was delivered by Treasurer Josh Frydenberg  with a focus on relieving short-term cost of living pressures.  Temporary reduction in the fuel excise, one-off cost of living payments and increases to the low and middle income tax offset were just some of the key items. ...

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Benefits of Having an Employee Assistance Program

‘Wellbeing” and the Benefits of Having an Employee Assistance Program

There is often a great emphasis placed on the physical wellbeing of an employee, but little is discussed when it comes to mental health.

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