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Articles by RSM Australia
Succession planning can avoid sudden crisis
In 2007 a car accident took the life of a business partner of Mark Love and his colleagues. This was not only a tragedy but also potentially devastating for their business. The director of Bradley Allen Love business and corporation section, Mr Love said a shareholders’ agreement was already in place as part of a succession plan.
Tech savvy numbers man shapes up
John Duncan was looking after his parents’ share portfolio before he had turned 18. He started his first business well before attaining his accountancy degree. Reflecting on his early career, the 38-year-old associate partner with professional services firm Rubik3 believes he could have made even more of the opportunities opening around him in Canberra.
Tax time: If you’re a public servant or small business, make sure you’re claiming these deductions | The RiotACT
We’re fast approaching the busiest time of the year for accounting firms—tax time! Whether you view the end of the financial year as an opportunity to reconcile, review and reflect on the year that’s been, or you simply view it as a pain in the backside, most of us are focused on one thing—to avoid paying any more tax than our fair share.
How SMEs can protect themselves and their customers from cyber risks
How SMEs can protect themselves and their customers from cyber risks Small- and medium-sized enterprises (SMEs) are often at risk of the same scams and cyber attacks that affect individuals, and should take steps to protect themselves, according to RSM Australia. The cost of a security breach in Australia can run into the millions of dollars, which doesn’t take into account the reputational damage a high-profile breach can cause.
TPB spies on tax agents online, launches new tax time campaign
The TPB has announced that in the build up to tax time 2018, it will advertise on Google, Yellow Pages online, TrueLocal online, and Gumtree to ensure that small businesses and taxpayers looking for a tax or BAS agent understand that their agent needs to be registered with the TPB.
‘Working 9-5’ is no longer the way to make a living | The RiotACT
Work-life balance – it’s a phrase we hear a lot these days. We talk to our family, friends and colleagues about achieving the perfect work-life balance but it’s easier said than done when it comes to getting that balance right. Local Canberran Brad Barnes believes a flexible working day is the key to master the balance and is encouraging other Canberrans to pause and take a moment today (6 June) to think about the benefits of having flexible working hours.
Harvesting Smart Seeds for business innovation
If there’s one thing you learn as an adult, it’s that the real world is nothing like school or university. It’s hard. It’s challenging. Workplace problems don’t have easy answers and being an innovative thinker also requires practical outcomes. As Canberra pitches itself as a knowledge economy, the globally-based Smart Seeds program is into its second year of pushing young leaders out of their comfort zones in a competition that delivers real-world answers here in the ACT.
Government procurement measures bear compliance burden
The government recently released a consultation paper on how to improve the integrity of its procurement processes as part of efforts to eliminate the black economy. In the budget papers, it announced that, from 1 July 2019, businesses seeking to tender for federal government procurement contracts over $4 million will be required to provide a statement from the ATO indicating that they are generally compliant with their tax obligations.
The Business Marketplace Canberra
Canberra businesses now have a marketplace where they can showcase/meet/buy/sell/connect and interact with other businesses. Suzette Bailey, founder of AutoPilot Business Systems along with The Business Marketplace have created this uniquely customised occasion for people in business to build immediate strategic alliances at the rendezvous on Friday, May 18th at the Hellenic Club in Civic, 13 Moore St, Canberra City.
Bankruptcy in Canberra: How to avoid it
Having to declare bankruptcy is a scary proposition for many. And while no one ever wants to find themselves in a situation where there’s no other alternative, sometimes life’s events simply make it inescapable. Unfortunately, small business owners make up a high percentage of those who end up filing for bankruptcy or personal insolvency in Canberra.
Why businesses should learn from the fortunes of Western Australian companies
Why businesses should learn from the fortunes of Western Australian companies Following a tough economic run, mainly due to the downturn in the mining industry, Western Australian businesses are now moving towards growth. They’ve learned lessons about how to maintain the business in tough times and position the business for new growth, and these lessons can benefit all Australian organisations, according to RSM Australia.
How SMEs can protect themselves and their customers from cyber risks
How SMEs can protect themselves and their customers from cyber risks Small- and medium-sized enterprises (SMEs) are often at risk of the same scams and cyber attacks that affect individuals, and should take steps to protect themselves, according to RSM Australia. The cost of a security breach in Australia can run into the millions of dollars, which doesn’t take into account the reputational damage a high-profile breach can cause.
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