Micro-managing can be harmful to your team’s productivity, creativity and morale, and it’s important to recognise whether you’re engaging in this behaviour so that you can address it.  Please answer the following questions honestly and with self-reflection:  1. Do you find yourself frequently checking in on your team members, even […]

Picture: Dionie Lippis, Senior Accountant, Collins SBA The Multicultural Council of Tasmania (MCOT) organises Women’s Networking Sessions at the Multicultural Hub in collaboration with community organisations across Tasmania. The theme for the next networking session is “Female Entrepreneurship” and Dionie Lippis, Senior Accountant at Collins SBA will join entrepreneurs Penny […]

Deductions are expenses that you can subtract from your taxable income to reduce the amount of tax owed. There are two (2) types of deductions – standard and itemised. Standard deductions are a flat amount that you can claim without itemising your deductions. Itemised are specific expenses to claim to […]

Business strategy, financial management and marketing and sales! You have started your business and you have successfully transitioned from an employee to a business owner. What are the key differences to think about during tax planning? The key differences between a business owner and an employee during tax planning:  Business […]

The end of financial year or EFOY is when our financial year comes to a close in Australia. This is the time to reconcile accounts, record transactions, close the books and calculate financial performance for the year. This information is used for tax purposes and for preparing financial statements that […]

We are absolutely convinced that collaboration and teamwork foster healthy work relationships based on trust, care and remarkable experiences. We share these experiences with our partners, friends, team and clients. Operation Shine is an internal campaign, with a goal of shining the light on others.  Last year, we asked for […]

We are absolutely convinced that collaboration and teamwork foster healthy work relationships based on trust, care and remarkable experiences. We share these experiences with our partners, friends, team and clients. Operation Shine is an internal campaign, with a goal of shining the light on others.  Last year, we asked for […]

In our experience, many business owners often feel guilty about spending money, unless the money is spent on growing the business. This could be a combination of fear of misallocating funds, personal financial concerns or moral and ethical considerations.  Please find 50 ways you could spend your tax savings this […]

ESOP or Employee Share Ownership Plans refer to an arrangement in which an employer provides employees with an ownership interest in the business, usually in the form of shares or share options.    A key goal of ESOP is to align the interests of the employees and the business, as […]

Are you consistently feeling busy but you are not meeting all the demands in your life? You may see all the signs that indicate you are ready to start building your leadership team. This can be equal parts exciting, liberating or even scary. Will you ignore and soldier on or […]