Staff Status: Contractors vs. Employees

DarnelleBusiness Structures, GeneralLeave a Comment

The status of your staff is an important distinction. Whether they are employees or independent contractors, both have consequences for the worker and the business owner.   An employee can seem to be set up in the workplace in a similar way to a contractor, but generally employees are supplied with all they need to do their job, don’t make … Read More

The Basics of Inventory Management Streamlining

DarnelleBusiness ProcessLeave a Comment

has come a long way in recent years. It is no longer necessary to spend long hours filling in excel spreadsheets and manually counting parts and products. For any business operating from even a modest inventory, getting the basics right can enable better efficiency from the warehouse to the sales floor and generate better and more sustainable profits and forecasting. … Read More

BUDGET 2015/16: The ‘Have A Go’ Budget

DarnelleGeneral, TaxLeave a Comment

As the Treasurer foreshadowed, this is a highly targeted budget with most spending measures targeting productivity gains. Highlights included: Tax rate for small businesses (under $2m turnover) cut to 28.5%. Franking credits still deemed to be 30%! 5% discount (paid as a tax offset capped at $1,000 per person) for individuals who receive business income as sole trader/partnership/trust. $20k asset … Read More