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April Newsletter

Clear Vision • Apr 14, 2016

We hope everyone had a fantastic Easter and a great break! Did you know it was Qlds first zero Easter road toll for 20 years – something worth celebrating!

What are everyone’s thoughts on the new mascot for the 2018 Commonwealth Games? Borobi (indigenous word for Koala) is the surfing koala – something we will all see quite a lot of in the next couple of years. The 2018 games are to be held on the Gold Coast, with some events in Brisbane. What a fantastic opportunity to see some of Australia’s finest athletes compete!

Fringe Benefits Tax Time..
March 31 was the end of the FBT year and we are asking all clients with work vehicles to note their Odometer reading. Last week all clients with work vehicles were emailed a Fringe Benefits Tax Questionnaire. Please fill in the details and return, so these can be lodged with the ATO. If you did not receive an email and think you should have please contact our office and one can be emailed or posted to you. Remember if you have any questions regarding your FBT Justin and Paul are happy to help.

Office Gossip…
Nicole and her family have just returned from a week away at Sawtell – just south of Coffs Harbour. The kids went fishing and although a lot of bait was “lost” a few fish were caught. Not quite big enough for the BBQ but lots of fun just the same!! Karen is returning to CVA at the end of May after having her second baby. She will be working part time and is looking forward to catching up with all her clients.

Global Business Camp News…
Justin has recently returned from another hugely successful Global Business Camp. Justin and his clients received fantastic business coaching along with an amazing presentation by Steven Bradbury – Australian Olympic Gold Winner. Steven’s determination to win and never give up attitude won him a Gold Medal – something we can all learn from. If you want more information on these camps and how it can help your business call Justin today.

Guvera Signs up Mumbai Indians!
Guvera has become the official music streaming partner of the IPL team Mumbai Indians for 2016.
Breaking into the Indian market has been an important goal for AMMA and the strategic importance of this is a massive step in the right direction and will really put Guvera on the map in this cricket mad nation!

Rules of Redundancy..
Whilst business is booming, making money is easy, and life is good. Suddenly, things take a turn for the worse and letting staff go is the only way to make ends meet. When this time arises, do you know enough to navigate the list of complex requirements? A redundancy is genuine if you no longer require anyone to perform a role which an employee currently holds. This can occur due to operational requirements of the business such as: restructure; downsizing; outsourcing; or, the closing down or sale of the business. I need to reduce my team of five sales employees to three as a result of economic downturn affecting the business. What rules are there to follow when choosing who will remain employed and who will become redundant?
There are a few ways to select which employees will be made redundant during a downsizing process. The most fair and reasonable way to select which employees will be made redundant is through a skills matrix. When selecting employees, it is important to link your decisions with the operational requirements of the business. The selection criteria should be objective, non-discriminatory, and consistently and fairly applied.
Best practice would be to map all of the affected employees on a matrix, against a series of selection criteria to clearly see which employees best suit the requirements of the business moving forward. Examples of possible selection criteria to use in your skills matrix would be:
• Required skills: relevant experience, training, qualifications
• Productivity levels (using objective, quantifiable records): sales data, daily production rates
• Performance-based (be careful as this can get subjective; it is important that performance based selection is still closely linked to skills and productivity)
Remember: termination for redundancy can only occur where the job is genuinely no longer required by the business; it should not be used as a way to deal with concerns about an employee’s performance or conduct.
If you need more information on any of this please contact Justin on 07 4688 2500.
Information supplied by CCIQ.

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Embracing the Bright Side: Finding Joy in Everyday Moments

By Caroline Gillies • 07 Mar, 2024
In a world that often feels chaotic and uncertain, it's easy to get caught up in the hustle and bustle of life, forgetting to pause and appreciate the simple joys that surround us. But amidst the challenges and hardships, there is always a glimmer of light waiting to shine through the darkness. Today, let's embark on a journey to explore the uplifting and positive aspects of life, reminding ourselves of the beauty that exists in every moment. Gratitude: A Key to Happiness Gratitude is a powerful tool that can transform even the most mundane of days into something extraordinary. Take a moment each day to reflect on the things you're grateful for, whether it's the warmth of the sun on your face, the laughter of loved ones, or the beauty of nature. By shifting your focus to the blessings in your life, you'll find that joy naturally follows. Embracing Imperfection Life is messy, unpredictable, and imperfect – and that's what makes it beautiful. Instead of striving for perfection, embrace the flaws and quirks that make you unique. Celebrate your successes, no matter how small, and learn from your mistakes with grace and humility. Remember, it's okay to stumble along the way – it's all part of the journey. Finding Joy in the Little Things Happiness doesn't always come from grand gestures or monumental achievements. Often, it's the little things that bring the most joy – a kind word from a stranger, a hug from a friend, or a quiet moment spent watching the sunset. Pay attention to the small moments of beauty and wonder that pepper your day, and you'll find that happiness is never far away. Spreading Kindness and Love In a world that can sometimes feel cold and indifferent, kindness is like a ray of sunshine breaking through the clouds. Make it a priority to spread love and positivity wherever you go, whether it's through a simple act of kindness or a heartfelt compliment. By lifting others up, you'll find that you lift yourself up in the process. Cultivating Inner Peace True happiness comes from within, rooted in a sense of peace and contentment that transcends external circumstances. Take time each day to nourish your mind, body, and spirit – whether through meditation, mindfulness, or simply taking a walk in nature. Cultivate a sense of inner peace that will sustain you through life's ups and downs, allowing you to navigate challenges with grace and resilience. Embrace the Journey Life is a journey filled with twists and turns, highs and lows, but it's also a journey filled with beauty, wonder, and endless possibilities. By embracing the bright side of life, finding joy in everyday moments, and spreading love and kindness wherever we go, we can create a world that is a little brighter, a little kinder, and a little more beautiful for us all. So let's embark on this journey together, with open hearts and open minds, ready to embrace all that life has to offer.

Boosting Your Superannuation: Seven Powerful Strategies

By Caroline Gillies • 22 Feb, 2024
Boosting Your Superannuation: Seven Powerful Strategies

Changes to Company details and ASIC – How to avoid a fee

By Caroline Gillies • 19 Oct, 2023
When it comes to being a Director of a company, there are administrative requirements that must be complied with, including keeping ASIC in the loop. We all hate paying unnecessary fees, and ASIC loves to charge fees. To avoid late fees, ASIC must be told about any changes to company details, including your business or residential address, within 28 days. If your company's information changes, please let us know so we can notify ASIC on your behalf. Example: Jarryd gets a late fee Jarryd recently moved his company to a new storefront. In the rush of changing to his new principal place of business, he forgot to update his address details with ASIC. A month later, Jarryd logged into his online account to change his address to reflect the address of his new principal place of business. Because it was outside the 28 day timeframe, the company was charged a $93 late fee. If he had waited longer and lodged the change of address more than a month late, the company would have been charged a $387 late fee. To avoid fees in the future, Jarryd realises it's important to update his details as soon as they change. In summary, be like Jarryd and realise the importance of advising Clear Vision Accountancy Group of any changes. Example supplied by ASIC
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