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The Right Time to Establish a Subsidiary and the Benefits it can Bring to your Business

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Creating a subsidiary can be a strategic move for businesses looking to expand, manage risk, or streamline operations. However, it’s crucial to understand the right circumstances and timing for establishing a subsidiary. Here’s a detailed guide to help you determine when to create a subsidiary and the potential advantages it offers. What is a Subsidiary? […]

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Understanding Changes to Casual Employment and Independent Contractor Definitions

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What Do I Need to Know About the Changes to Casual Employment and Independent Contractor Definitions? Recent legislative changes have redefined casual employment and independent contractor definitions in Australia. These changes have significant implications for employers and workers alike. Here’s a comprehensive guide on what you need to know and how these changes might affect

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How Will the Super Guarantee Rate Change Affect My Business?

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How Will the Super Guarantee Rate Change Affect My Business? The superannuation guarantee (SG) rate in Australia is set to increase, which will affect employers across the country. As a business owner, understanding these changes and how they impact your business operations is crucial. Here’s a detailed look at the upcoming changes and what you

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Retail Super Funds Outshine Industry Rivals with Tech-Driven Gains

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In 2023-24, two of Australia’s largest retail superannuation funds outperformed the sector, delivering returns exceeding 11%, fueled by a surge in technology stocks. This success came as their industry fund counterparts struggled to counteract declining unlisted asset prices. Colonial First State and AMP saw their financial year returns surge to 12.1% and 11.1% respectively in

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The Importance and Purpose of Balance Sheets for Businesses

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A balance sheet is a critical financial statement that provides a snapshot of a company’s financial position at a specific point in time. It is one of the core components of financial reporting, alongside the income statement and the cash flow statement. Here’s an in-depth look at the purpose of balance sheets and why they

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The Essential Role of a Bookkeeper or Accountant in Your Business

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Why Do I Need a Bookkeeper or Accountant? Running a business involves managing numerous tasks, from overseeing operations to handling customer relations. Among these tasks, financial management stands out as one of the most critical yet challenging aspects. This is where the expertise of a bookkeeper or accountant becomes invaluable. But why exactly do you

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Corporate Finance: Key Concepts and Importance

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Corporate finance is a critical area of finance that deals with how corporations handle funding sources, capital structuring, and investment decisions. It involves managing the necessary actions to maximize shareholder value through long-term and short-term financial planning and various strategies. Let’s explore what corporate finance encompasses and why it is essential for businesses. What is

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