What’s your aging plan? 7 questions to ask yourself about the invisible signs of aging

What’s your aging plan? 7 questions to ask yourself about the invisible signs of aging

by Michelle Durham

Blessed with olive skin, I’ve never been overly concerned about wrinkles (or ‘the visible signs of aging’ as they like to call them in commercials).

But as I approach middle age I’m starting to realise that aging is less about the visible signs, and more about planning for unseen—and unforeseen—circumstances. The invisible signs of aging.

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The realities of the ‘contractor vs employee’ debate: Where do you stand?

The realities of the ‘contractor vs employee’ debate: Where do you stand?

If you ask a worker why they think of themselves as a contractor instead of an employee, you may hear answers such as “I have an ABN”, “I have a special skill” or “Not all my work is for the one guy”.

And what if you asked the business owner or employer why they’re classifying the new person on their team as a contractor rather than an employee? They may tell you “He pays his own superannuation”, “He wants to be a contractor” or even “We always use contractors”.

Now these people may well be acting in good faith rather than deliberately trying to ‘cheat’ the system, but the Australian Taxation Office (ATO) may consider these ‘contractors’ to be employees after all.

And it’s not just the ATO you need to worry about. There are also work cover and payroll tax requirements that you need to keep in mind.

To find out more about the WHY realities in the employee/contractor debate, contact PrimeAdvisory or download the checklist of WHYs you need to address.

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Why crunching your numbers matters, no matter who does the crunching

Why crunching your numbers matters, no matter who does the crunching

There’s no escaping numbers, whether you like playing the numbers game or not, so it’s best to either embrace them, or find someone who can crunch the numbers for you.

We’re all surrounded by numbers

Now I may sound like a boring old school accountant when I ask “Have you ever really challenged yourself and pondered the value of ‘numbers’? I was recently challenged in this way by my 12-year old daughter when, for her first High School Mathematics assignment, she interviewed me about how numbers are used in my work and around the home.

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Economic Snapshot – September-October 2016

Economic Snapshot – September-October 2016

In summary

September was a frustrating month for investors in global financial markets. The first half of the month saw both bonds and equities retreat on concerns the Federal Reserve would lift interest rates at its meeting on the 20th – 21st. As things turned out, the Reserve left the cash rate unchanged and revised down its forward profile of interest rates. The markets were reassured by this, leading bonds and equities to recover ground lost earlier in the month. This see -saw effect is now a recurring theme as markets dance to the tune of the interest rate outlook.

Here in Australia the Reserve Bank has maintained the cash rate at 1.5%, noting the economy is growing at a moderate pace but inflation is low and likely to remain so for some time. Once again, the Reserve Bank noted that an appreciating A$ could complicate the adjustments the economy needs to make.
The Bank of Japan announced a new dimension to its QE program aimed at generating a positive yield curve. Despite the commentary it appears markets remain sceptical about this move.
Meanwhile in Europe the European Central Bank [ECB] left its monetary policy stance unchanged at its meeting in early September. Financial markets interpreted the accompanying statement as a signal the ECB would start to wind back its QE programme. This contributed to nervousness and volatility, as did speculation about the solvency of Deutsche Bank later in the month.

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How cloud accounting can help you make better business decisions

How cloud accounting can help you make better business decisions

I recently attended a Business Insights presentation with other business owners, software providers, accountants and advisers.

Of course, it wasn’t long before the conversation turned to cloud accounting, and how its real-time data can really help businesses. The presenters talked about its importance, and how it can not only improve business performance but also change the relationship between business owners and their accountant/adviser.

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