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Labour-Hire Loses in Case Over Casual Work Leave Entitlements

Labour-Hire Loses in Case Over Casual Work Leave Entitlements

“Casual work” may be redefined after a Federal Court junked a labour-hire company’s “pre-pay” argument in a case involving a casual worker. Business groups and workplace lawyers are anticipating that this ruling — or what will happen after — will have a huge impact on businesses given there are more …

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ATO’s Small Business Independent Review of Tax Audit Extended to End of Year

ATO’s Small Business Independent Review of Tax Audit Extended to End of Year

Taxes are the so-called lifeblood of the government. The government needs to collect taxes to continue to provide the services that they are obliged to give to their constituents. Taxes then are necessary business expenses. In most jurisdictions in the world, taxes are overhead expenses that must be paid otherwise …

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Adaptability and Innovation Help Battle Retailer Collapse

Adaptability and Innovation Help Battle Retailer Collapse

J. Crew is the first high profile retailer collapse amidst the Covid-19 pandemic. Even before the pandemic hit U.S. shores, the 73-year old retailer was already feeling the financial crunch with slipping sales and billions of debt. Store closings in late March were the last straw for J. Crew and possibly …

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Federal Government to Roll Out Payment Transparency Law in January

Federal Government to Roll Out Payment Transparency Law in January

A payment transparency law will be rolled out in January. The Australian government has acknowledged that extended payment time causes poor cash flow especially for small businesses. In the earthmoving industry, for example, companies have difficulty chasing bad debts because extended payment terms. In fact, payments get delayed up 90 days when industry-standard is …

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Small Business Tips: How to Get Customers and Retain Them

Small Business Tips: How to Get Customers and Retain Them

Small business dominates Australian economy. According to accounting software firm, Xero’s Boss Insight 2020 report, there were 2.2 million business owners in Australia in late 2019, a spike of 700,000 in 1991. Of these, more than 1.4 million businesses are sole traders, while 600,000 are micro businesses with up to four staff.  …

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