One of my clients that is involved in food distribution recently received a major shock when they received their renewal premium for their Industrial Special Risk Policy. The premium nearly doubled from $88,000 to $150,000. Admittedly they have
Claiming personal contributions to superannuation
Since 1 July 2017, all individuals can now claim a deduction for contributions to their superannuation fund, even if your employer is also contribution for you. Contributions made by your employer plus personal contributions must not exceed
NSW stamp duty small business exemption
For those clients who have been receiving business insurance renewals, you may have received documentation regarding this matter. Since 1 January 2018, small business (i.e. one with an aggregated turnover of less than $2,000,000) are exempt from
Workplace Health & Safety ALERT for business owners
The following is an extreme example but one that demonstrates the need for business owners to ensure they have proper WH&S practices in place. The following story was related to me by an associate who is a partner in another accounting
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