Welcome to the halkin blog.
Your source for weekly stories and advice on local business, the economy in general and what’s happening in Sydney this weekend.
Unlocking Success: The Perks of Being a Small Business Owner in Australia
In the vast landscape of entrepreneurship, the allure of being a small business owner shines brightly, particularly in the dynamic Australian market.
The land Down Under offers a plethora of advantages that make the journey of running a small business not only rewarding but also filled with promising opportunities. From an enviable lifestyle to the potential for global expansion, let's delve into the perks that await those who venture into the realm of Australian small business ownership.
Australian Workplace Updates – July/Aug 2023
halkin HR News
Topic: Australian Workplace Updates – July/Aug 2023. New workplace policies are out for July/August. We've created a PDF to give you a good overview of the updates regarding:
- Minimum Wage Policy
- Superannuation
- Parental Leave
- Sexual Harassment
- Workplace Shutdowns
- Work Visas
Federal Budget 2023-2024
On Tuesday 9th May the Australian public received the 2023-2024 Federal Budget.
The overall economic outlook was an improvement in the cash balance and net business debt resulting in a $4 billion surplus. In addition, Treasury is forecasting the economy to slow over the coming 2 years.
Please read on below for key takeaways on the budget initiatives and, as always, our consultants are here to help, so reach out to us to have a conversation about how the budget initiatives can fit in to your circumstances and financial goals.
Top 5 Concerns for Australian SMBs
Small and medium-sized businesses (SMBs) in Australia face a number of concerns as they work to grow their customer base and build their team. Here are five key concerns that SMBs in Australia are currently facing.
Tax Advice for SMBs in Australia
One of the biggest benefits of having an HR function in small and medium sized business is that it can help bring structure and consistency to the business. In a smaller business, where resources are often limited, having HR can provide guidance on policies and procedures which can help mitigate potential risks and ensure compliance with employment laws and regulations.
Why You Need To Know Your Director ID
If you’re a company director, are you aware you need a new Director ID as of November 2021? If you haven’t verified your identity and secured your ID number yet, here’s what you need to know.
What is a Director ID?
The new director identification number (director ID) is a 15-digit ID number unique to each individual, intended to combat fraud and false identity issues. The director ID applies for directors of all companies, including registered foreign companies and Aboriginal and Torres Strait Islander corporations. Once your director ID has been assigned, it will never change. This ID number will stay the same, even if you move, change companies, or cease to work as a company director.
A Roadmap for the Future: Restructuring your Business
If you’re a business owner, the thought of restructuring doesn’t need to strike fear into your heart. This process doesn’t necessarily indicate layoffs or upheaval. Truth be told, for a business to progress and grow, restructuring is necessary – and something that should be planned out with a clear roadmap, including key milestones that will trigger your restructuring roadmap.
We know that good people are the most important asset any business has; ensuring your roadmap includes succession planning is a key to successful restructuring. Think about this: if your highest-performing employees can’t see a clear path to progress in the company, you’re likely to lose their motivation, interest, and eventually, the employee. A well-planned roadmap means that managers at all levels can see where they may move next and guide their teams appropriately.
Meet halkinbp.
Change is like a vacation, or holiday depending on where you live.
Since there hasn't been much of either lately, we decided to put some high-level effort into updating our brand and communications; and expanding and improving our practice.
Can You Benefit from Tax Audit Insurance?
A surprise ATO review or audit of your tax returns can rapidly become a frustrating, costly and time-consuming process. Even seemingly simple queries can result in hours of paperwork for yourself or a legal professional. It’s important to remember that all taxpayers can be audited. The ATO has several recent focus areas that could potentially impact you as an individual, a business owner, or someone with a Self-Managed Super Fund (SMSF).
