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Private Health Insurance Rebate and Medicare Levy Surcharge Changes
October 25th, 2012From 1 July 2012, access to the private health insurance rebate becomes means tested by reference to how much income an individual earns. Not all taxpayers will be entitled to the 30% rebate. Some higher income -earning taxpayers will be entitled to a lesser rebate amount and individuals and families whose income is higher thanread more
750BN Lost in Forgotten UK Workplace Pensions
October 25th, 2012People who move jobs and migrated have unwittingly amassed billions in forgotten pensions. Britain is heading for a “lost pensions” crisis with an increasingly mobile workforce predicted to create a £757bn trail of dormant pensions that could deprive them of thousands of pounds in retirement. Employees normally leave any pension entitlement with their former companyread more
SMSF Trustees Must Consider Personal Insurance
October 25th, 2012The government has now passed legislation that requires trustees of SMSF to consider whether insurance is required for the members of the fund as part of the investment strategy of the fund. The government's explanatory statement says that this change “will ensure that members consider their personal circumstances in regards to their need for insurance coverread more
Personal Property Security Act (PPSA)
October 25th, 2012The Personal Property Securities Act (2009)1(PPSA) is new legislation that substantially changes the way security is taken over personal property. It applies to almost all forms of tangible and intangible personal property (e.g. boats, vehicles, machinery, inventory, contractual rights) except real estate and applies to everyone including small businesses and consumers. Manufacturing, wholesale and retailread more
Marketing/Sales Hints
October 25th, 2012Co-operative Promotion As a means of broadening your target market base and advising of the availability of products that you have for sale, have you considered negotiating with another organisation to sell their products for a commission? You may be able to do this as a value-add to the products that you are currently supplyingread more
Government Grants for SME’s
October 25th, 2012Creative Industries Can Obtain Grants of up to $20,000 The Australian Government’s Enterprise Connect Program has grant funds available for eligible businesses operating in creative industries, which include: Design Publishing Writing Architecture Photography Visual arts Television/Radio Advertising Film Performing arts Music Games Interactive Content Grants can help creative industry businesses improve their operations, productivity andread more
MP+ Business Leadership Award 2012
October 25th, 2012Joondalup Business Association Awards Night "An accounting firm which began its life when kangaroos were still bounding down the main street of what is now Joondalup’s thriving business precinct, has been honoured in the Edith Cowan University North West Metro Small Business Awards. Davidson Terrace firm McKinley Plowman was awarded the 2012 Business Leadership prizeread more
Tip of the Day
October 25th, 2012The real estate market for investors is changing! When was the last time you reviewed the feasibility of acquiring an investment property? Strong population growth is causing low vacancy rates and higher rents. This, coupled with relativity low-interest rates, investing in property is becoming more affordable for many people. In completing a review of feasibility,read more
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