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Trade Sanctions / Embargos In light of the Russian / Ukraine conflict, its timely to review and understand the potential impact Sanctions may have on your business. Most of us will have a basic awareness of what sanctions are, and that they can be applied from Australia mirroring UN Security Council Resolutions as well Australia applying its own autonomous sanctions. Who must comply with sanctions? Although each specific Australian sanction regime varies in scope, all are applicable within Australia. Australian sanction laws are enforceable against Australian nationals, whether they are in Australia or overseas. What are the potential penalties and...

  Diversity is an important part of our society – no matter where you go in the world. Now more than ever, different places are doing what they can to ensure a risk-free and unbiased environment for everyone. This is just as important when it comes to workplace diversity. Plenty of research and discussions have been had in order to determine the best path forward for businesses looking to embrace diversity. This article aims to help with that, by providing you with the information you need to understand the importance of having a diverse workforce that supports each other and...

Whilst the RBA Cash rate is a market indicator, banks are not sourcing their funds from the RBA at this rate. The bank’s cost of funds is a complex situation unique to each of their respective positions, and the pricing of the various types of finance facilities they offer, be them fixed or variable, is not directly linked to the RBA Cash Rate. Despite the RBA keeping the cash rate on hold, the banks are already factoring in increased cost of funds which is reflected in their pricing of fixed rate facilities such as equipment finance. Whilst the variable rates...

When you’re starting or expanding a business, one of the most important decisions you’ll make is where to set up shop. If you’re looking for commercial property, it’s important to know what to look for and how to get the best deal from the finance side of things. In this article, we’ll give you tips on how to choose the right commercial property for your business and get the best finance available. What is a Commercial Property? A commercial property stands out among other featured properties as being used solely for business activities. Whether it’s through a lease, investment, or...

Most business owners would agree that it can be quite stressful when trying to remember key dates throughout the year. For this reason, we have prepared a list for you to refer back to for 2022, including bas due dates, bas lodgement dates and PAYG instalments just to name a few: January 2022 15 January: Lodge tax return for the taxable head company of a consolidated group (including a new registrant) that has a member deemed a large/medium entity in the latest year lodged. Lodge tax return for taxable large/medium taxpayer’s entities as per the latest year lodged. 21 January:...