Turn your New Year’s resolutions into SMART business goals

Turn your New Year’s resolutions into SMART business goals

It’s that time of year again.

Like most people, you reflected on how 2016 panned out and what you’d like to change in 2017. And now you’ve made a whole bunch of New Year’s resolutions to put those changes into effect.

Unfortunately, there’s a good chance you won’t follow through on any of them.

Why not? Because you haven’t turned those resolutions into goals.

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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 culture is everything: 7 questions to ask about your workplace’s culture and values

Why culture is everything: 7 questions to ask about your workplace’s culture and values

by Michelle Durham

Ever had one of those days when nothing in your business seems to make sense?

The numbers look okay. In fact, they look quite good. And you certainly see the effort everyone’s putting in. But something’s holding your business back that you just can’t put your finger on.

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PrimeAdvisory 2016 Federal Budget Review

PrimeAdvisory 2016 Federal Budget Review

The Federal Treasurer Scott Morrison has handed down the Budget for the 2016/17 year.

This budget includes many initiatives to stimulate the economy and establish a 10 year economic plan that will transition Australia from a mining led economy to a stronger, more diversified economy encouraging innovation and job growth. Read More

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20 reasons why you should look for a new business accountant

20 reasons why you should look for a new business accountant

by Christian Borkowski

Finding the right accountant to help out with your business’ financials is no easy task. While it’s easy to check their qualifications, it’s harder to know whether they’ll be the right ‘fit’ for your business. And just because an accountant is perfect for another business doesn’t mean it will be perfect for yours. It really depends on what you want out of the relationship.

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