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Melbourne-Based Professional Services Firm Cummings Flavel McCormack Joins Mazars in Australia

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Mazars in Australia is pleased to announce that the well-respected Melbourne-based professional services firm Cummings Flavel McCormack (CFMC) has joined the Mazars network in Australia.

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Succession planning can decrease business risk

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Often small to medium business owners are tied up in the day-to-day running of their business and are unable to give meaningful consideration to the risks involved with their business operations. Some business owners are aware of their risks but lack the time or skills to address them.

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Employment record keeping - it really is worth the time and effort

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The risks clearly do not outweigh the rewards. Keeping accurate employment records is imperative if an employer is to defend a claim for underpayment of wages.

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AusIndustry being proactive about R & D for Software Development

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AusIndustry have been concerned about software development for some time and have undertaken comprehensive consultation.

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10 Habits of Successful Small Business Owners

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With over 35 years of working with small business owners Mazars advisers have identified several habits common to successful business owners.

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Invest for growth with the Small to Medium Business Growth Grant

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The Queensland Government’s Business Growth Grant supports high-growth businesses with employment aspirations to purchase and implement specialised equipment or access services supporting business growth. Grant applications may attract funding of up to $50,000 and successful applicants must contribute 25% - 50% of total project costs.

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Have you implemented Single Touch Payroll?

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If you are an employer the way you report payments, such as salaries and wages, pay as you go (PAYG) withholding and superannuation will be impacted by Single Touch Payroll.
Businesses who employ 20 or more employees, should have implemented Single Touch Payroll from 1 July 2018. Those who employ 19 or less employees now is the time to get prepared with the 1 July 2019 commencement date fast approaching.

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8 ways to kick start a successful year

8 tips to a successful year ahead
The start of the year great time of year to reflect on the successes of 2018 and picture the achievements you could reach in 2019. Astute business operators harness the perspective that comes with a new year to define and refine their New Year’s resolutions and business goals. With this in mind we share with you 8 tips to kick start your year to achieve a successful 2019.

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5 Tips to tackle a challenging annual bank review

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There are many reasons for a borrower to feel a level of dread as the annual bank review and/or banking facility renewal date looms. Some of the more common concerns include the business having had a tough 12 months of trading, the Bank’s equity position may have eroded due to asset values coming under pressure, tax debt has materialised due to cashflow pressures or capital isn’t available to meet impending principal obligations. The natural reaction is to avoid having the difficult discussion with your Banker, or at best to turn up, smile painted on and tell them as little as possible; these are rarely the best approach!

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Are you at risk of breaching a Modern Award?

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The Industrial Award system in Australia is extensive. The Modern Award system is intended to cover most work and therefore most employees, providing for minimum enforceable conditions. Although the Modern Award system is generally industry based, there are also some occupational Awards that cover employees in all industries, such as the Clerks - Private Sector Award.

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