The Real Cost of Employee Turnover
Turnover Trends in Australia In the year to February 2019, 8.5% of the Australian workforce changed their employer or the business they operated. This is up from a record low of 7.7% in the year to February 2017. Across industries, hospitality workers were the most likely to change jobs, with 17.9% changing their employer or […]
7 reasons to restructure your business
1. Change in management or ownership of the business If you are a sole trader and you decide to take on a business partner, you will need to restructure as a partnership. On the other hand, if you buy an existing business and you become the new owner, you may have to restructure the business to […]
Business Bankruptcy
You’re probably reading this because you’re totally stressed by constant creditor harassment. Perhaps you’re stressed because you realise the business is now insolvent and your worried that if you allow it to continue operating, you may be jailed for trading while insolvent. Perhaps you’re at a complete loss as to what you need to do to fulfill your […]
Trading stock or capital
Investment products may be held as trading stock by a taxpayer carrying on a business of share trading or options trading. However, whether a particular parcel should be treated as trading stock must be determined on a case-by-case basis. Generally, the tax issues facing share traders versus passive investors are summarised below. Tax treatment of […]
Council’s Role in Revitalising Retail
Council’s Role in Revitalising Retail A thriving small town is one where the shops are open and there is a vibrant centre. Currently though, the norm appears to be that half the shops are closed and new businesses are struggling to open or survive, facing unrealistic start up rents which discourage entrepreneurs. Unfortunately, the vacancy […]
Staff member leaving?
It can be a tricky time when an employee leaves an organisation even in the most amicable situations. There can be a lot to arrange or rearrange to protect the business during the transition. The difference for an SME is principally that all these issues fall to the CEO, CFO, chief cook and bottle washer […]
Terminating a lease
When Australian property owners and business owners enter into a commercial lease agreement, there are generally specific terms outlining the duties of both parties, the duration of the agreement, and any special terms, such as early termination. Choosing to end a commercial lease before the designated terms of the agreement (typically at least three years) can be […]
Travel Allowance
A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight in the course of their duties. In most circumstances, when claiming other deductions, you will be expected to be able to substantiate the expense being claimed with documentary […]
Benchmarking and Franchising
The economic climate presents various challenges. The world is opening up through the use of digital technologies, the pace of change is increasing and the power is very much with the consumer. Excitingly for franchise groups, this opens the door to embrace a raft of opportunities. Fundamentally, the success of the franchise model has not […]
C&D Advisory Newsletter Issue 2
Our October newsletter deals with the importance of the PPSR for business owners and the issue of high shop vacancy rates in rural towns. In team news, we discuss why we’re about to embark on a 6,500km road trip! Newsletter Issue 2
