Australian farms makeup just one in ten of the country’s workplaces yet account for a quarter of all work-related deaths. Children up to age four and men are at the highest risk of death, and research shows 81% of deaths and injuries involve water, vehicles, or horses. Younger farmers suffer more injuries than their older peers, but when […]
Underinsurance is more common than you think. Industry figures show up to 62% of small-to-medium-sized businesses don’t have correct-value insurance. So, whether you’ve self-assessed or secured professional valuations for your business plant, equipment, and property, you might still be at risk of underinsurance. Here’s why: Your self-assessment might be wrong You’re insuring for the price you paid […]
Will today’s bargain be tomorrow’s burden? With used business, farming, and construction equipment in high demand, it’s worth assessing the benefits and risks of buying secondhand. Factors causing the rush are the pandemic disrupting international supply chains and a growing appetite for buying online. Overall, the secondhand economy – not just for business equipment – […]
Employment practices’ liabilities can be expensive, disruptive, and time-hungry to businesses. Claims are also rising. That’s because employment laws and regulations are complex and often change, so businesses can struggle to stay compliant. To help, we’ve compiled an update on the risks to your balance sheet and how to manage your practices more effectively. The risks of your […]
If your business received COVID-19 support payments, such as from the Federal Government’s $90 billion JobKeeper program, you may face an ATO tax audit. That office is expected to focus on employer obligation audits and reviews this year. At the height of the pandemic between April and September last year, 3.6 million workers received the JobKeeper wage subsidy. The […]
