DFK Crosbie Blog
Conflicts of interest are often a trigger for workplace tension and gossip, reducing productivity and damaging employee relations.
Common examples of conflicts of interest in business include:
- Recommending a friend or family member for a job position.
- Employers not disclosing that a candidate being considered
Throwing a Christmas party for your employees can be a great way to show appreciation and have some fun, but tax implications of a party can be surprising and costly.
Before hosting a staff Christmas party, employers should be aware that the majority of the time, a party would be considered ‘entertainment’ and is... more
The holiday season often brings about many emotions and pressures that can add extra stress to you and your employees during the rush.
Managing this busy period efficiently can reduce the emotional strain on your staff and keep spirits high. Keeping the holidays as something your employees can still look forward to can be achieved... more
To qualify for small business CGT concessions, an asset must meet the conditions of the Active Asset Test.
An asset is considered active when you own it and it is used or held ready for use in relation to a business. You can also have an intangible active asset if it is inherently connected with a business you carry on.
An active... more
Spending on capital assets usually cannot be deducted immediately. Instead, small businesses claim the costs over time in accordance with the assets’ depreciation.
There are many different processes that businesses can employ to make claims on their assets. For small businesses with lower-cost assets, methods... more
With consumers becoming more dependent on online reviews to inform their decisions, it is increasingly important for businesses to manage negative feedback with consideration and tact.
Online reviews are often the first impression a consumer has on a company, with almost 90% of consumers saying that they check reviews for local businesses.... more
Maximising the effectiveness of your executive processes and board performance will make your business more competitive. Standing still is the same as going backwards in the modern commercial world, so you need to ensure
Taxpayers are responsible for safely storing a written backup copy of their tax record in case the original electronic form becomes inaccessible or unreadable.
In the event that your records have been damaged or destroyed, there are a number of ways you can reconstruct them. Where the tax records are accidentally lost or destroyed from... more
Are you thinking about a business partnership? Joining forces with someone else to start a business or take it to the next level could be a dream come true — or a nightmare. We discuss some of the important things you need to consider.
Business partnerships are a lot like marriage
I always... more
Without taking a step back and looking at the bigger picture, hospitality venues are powerless to adapt strategic plans that will boost revenue or respond to customer requests flexibly. While this is true across the working world, it applies most readily to the hospitality industry. Customer... more