When deciding to purchase equipment, you will need to decide whether you are looking to buy new or used. Doing your research can help you work out which machine meets your needs in the long run. When it comes to buying equipment, it’s easy to get excited at the thought of owning the latest model […]
Changes to company director IDs came into effect as of 1st November 2021. New directors need to apply for their 15-digit unique identifier number within 28 days. Directors appointed on or before 31st October 2021 must secure their director ID by 30th November 2022. These changes will see 2.7 million company directors apply for a […]
Family-owned businesses provide a foundation for the Australian economy, employing half of the country’s workforce. Around the globe, approximately 80% of businesses are family-owned. In Australia, this figure is 70%. Unfortunately, only 30% stay in business after transitioning to the second generation. Even worse, only 12% of family-owned businesses survive to the third generation. Here […]
Australians are being bombarded with a new type of fraud where victims are sent text messages asking for personal information. This personal information is then sold. The Australian Competition and Consumer Commission’s Scams Awareness Week will take place from November 8 to 12 2021. This year’s theme is Let’s Talk Scams. Smishing, also known as […]
Back in 2019, the Federal Government passed a law to allow the Australian Taxation Office to start reporting tax debts to Credit Reporting Bodies. Thankfully this was put on hold in response to COVID-19. However, we are now being warned that the Australian Taxation Office is likely to resume its pursuit of unpaid tax debt. […]