Check to avoid getting dodgy SMSF advice

In the wake of recent DIY fund rip offs, here’s what to research before you pick an adviser or follow investment advice. Financial Review, Jan 18, 2021 Trust. It’s what all relationships are based on. Trust is crucial if you need help to manage your self-managed super fund, but how do you know if an adviser is trustworthy? Late in …

MasterCard survey reveals how SMEs raced online as Covid hit

Alice McMullin at her Marrickville workshop. Picture: Nikki Short The Australian, January 17, 2021 Australian governments and health departments moved fast to respond to the COVID-19 crisis, but so did the nation’s small businesses, with one in five small to medium sized businesses expanding their digital operations within one day of exploring the option. A survey of more than 800 …

Vaccines and staff a legal mess in the workplace Peter Strong

A health worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine in Nancy, France. Picture: AFP 12:00AM January 14, 2021 46 Comments The rollout of the COVID vaccines is an important process. The sooner the population is vaccinated the sooner we can get the economy back to some sort of normality. However, the vaccine creates serious issues for employers and …

The new rules and regulations set to begin on Jan 1

Financial Review, Dec 31, 2020 – 12.00am A new insolvency regime which draws on features of the Unites States’ Chapter 11 bankruptcy laws will be one of a range of new measures set to come into effect at the stroke of midnight on January 1. Business insolvency The new rules will apply to companies with liabilities below $1 million and …

Why SMSF trustees need to remain alert in 2021

On the radar are auditing changes, higher tax-free thresholds, increased contribution caps and an ATO crackdown on investment strategies. Financial Review, Dec 29, 2020 – 12.00am While thankfully there has not been a lot of legislative change relating to self-managed super funds lately, there will still be much to occupy trustees’ minds over the next 12 months. Auditing changes (whether …

WA builds its way to the top on back of booming mining sector and boost to housing construction

The West Australian, 29 December 2020 2:00AM Construction workers Miran Vrabelj, Scott Darrah, Jacob Povee and Lewis Comer at a Cottesloe building site. Credit: Kelsey Reid/The West Australian With the resources sector almost back to boom-time levels, an ever-growing pipeline of building and construction work, and business confidence at a 13-year high, WA has found many silver linings in the …

Call from business to bar workers who avoid coronavirus vaccine

Council of Small Business Organisations Australia chief executive Peter Strong says employers should ‘absolutely’ have the legal ability to stand down workers without pay if they refuse to take the coronavirus vaccine.The Australian, December 25, 2020 Employers want the power to require workers to get the COVID-19 vaccine and stand them down from work without pay if they refuse, warning …

Lower paid bore COVID-19 brunt but jobs again on rise

Labourers work at a housing estate at Deer Park in the outer western suburbs of Melbourne. Picture: David CroslingThe Australian, December 23, 2020 Small business people and workers in lower paid occupations, including labourers and retail assistants, bore the brunt of the job slump this year but jobs are returning rapidly, according to a detailed ABS labour market survey. The …

IR bill is a train wreck for small business – and a vote loser

Graeme Haycroft Contributor Financial Review, Dec 20, 2020 I fear the Morrison government’s new omnibus industrial relations bill is going to be a train wreck for small business and a vote loser for the Coalition that may cost Scott Morrison the next election.The Prime Minister and his Minister for Industrial Relations, Christian Porter, might not realise that the bill will …