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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 […]

As we approach the Lunar New Year, businesses worldwide are preparing to welcome wealth, prosperity, and good fortune. Beyond the festive celebrations, this season carries rich traditions and superstitions that can influence business success.  Let’s delve into some lighthearted yet potentially lucrative Chinese and Asian superstitions every business owner should know, unlocking the potential for

In the fast-paced realm of business, staying ahead is key. Many businesses gain a strategic edge by adopting a holding company structure. Unlike traditional companies, a holding company doesn’t produce goods or services; instead, it owns other companies, known as subsidiaries. But how does this work, and why is it advantageous? This guide explores the

People commonly believe that keeping their money in a bank is the safest option, but this is not the case. Consider the bankruptcy of Silicon Valley Bank, the bank invested in a large amount of seemingly safe long-term U.S. government bonds, but when the Federal Reserve began to raise interest rates to fight inflation, these

The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers, architects etc., operating through trusts, companies and partnerships of discretionary trusts and how the profits from these practices are being taxed.   New draft guidance

A recent article published in the Harvard Business Review by Bain & Co suggests that the pandemic has widened the Productivity Gap (is a phrase to describe a sustained difference in measured output per worker (or GDP per person employed) between one country and another) between top performing companies and others stating, “Some have remained