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Effect of Income on Negative Geared Investment Property

by 7 September 2010

Tax is one of the main reasons why negatively geared investment property is so popular. The losses that you make in renting your investment property can be offset against your other (salary) income. The tax savings that you make can change a negatively geared property into a positive geared investment. The level of your income will have a significant impact [...]

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Are You On Top Of Your Competitors?

by Arnold Shields 7 September 2010

Here’s a list of questions that every business manager should be able to answer with an unqualified ‘yes’. They relate largely to the fundamental need of identifying and understanding your competition, and if you find yourself giving a ‘no’ answer to any of them it means you could be short of valuable information that would provide you with a competitive [...]

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Finding Acres Of Diamonds By Marketing In Your Own Backyard

by 6 September 2010

Acres of Diamonds is an old story of an African farmer who sold his farm and wandered the countryside searching for diamonds. It later turned out that the land that he sold was full of diamonds and eventually became the site of a large mine. Similarly, many businesses seek their customers far afield when they might find acres of diamonds [...]

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My business is worth WHAT!

by Arnold Shields 3 September 2010

As a Forensic Accountant, I’ve had the following conversation too many times… Business Owner – “I’ve decided it’s time to retire. How much is my business worth?” Advisor – “How much do you think it’s worth?” Business Owner – “I really don’t know but, if I had to guess, I’d say around $2.5 Million.” Advisor – “Well, uhhhh, actually, you [...]

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Domestic Care Rates Updated – May 2010

by 2 September 2010

The Australian Bureau of Statistics released the Average Weekly Earnings for May 2010. This data is used for the calculation of domestic care claims in NSW and Victoria and the probable earnings thresholds for the Civil Liability Act. The latest rates are: Weekly Hourly (/40) NSW Feb 2010 989.90 24.75 NSW May 2010 986.90 24.67 VIC Feb 2010 930.00 23.25 VIC [...]

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Brand “Me” – Developing a Personal Brand

by Arnold Shields 2 September 2010

Personal branding, self-branding, self-positioning, whatever you choose to call it, it’s really about personal marketing. Why would you want to do that?  It’s a great way to market your business in a way that can cost you nothing. You see it in action constantly. Donald Trump, for example, uses his name on his buildings, but he also has it placed [...]

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How To Conduct Fair And Effective Employee Appraisals

by 1 September 2010

Most organisations review the performance of their employees on a regular basis (usually annually), for the purposes of determining pay adjustments, promotions, terminations and training requirements. Unfortunately, the very idea of being “appraised”, of having some superior pass judgement on them, is resented by many employees – unfortunate because, in fact, a structured Performance Appraisal is the most objective method [...]

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