$20,000 instant asset write-off

This tax time, your small business clients with a turnover of less than $10 million can write off assets costing less than $20,000 each in their 2016-17 return. All simplified depreciation rules will apply to assets when choosing this method.

To use simplified depreciation rules correctly you must:

  • write off eligible assets costing less than $20,000 each
  • pool most other depreciating assets that cost $20,000 or more
  • write off the small business pool balance if it is less than $20,000 at the end of an income year
  • only claim a deduction for the portion of the asset used for business or other taxable uses.

The $20,000 write-off threshold now applies until 30 June 2018.

Reference: https://www.ato.gov.au/Tax-professionals/Newsroom/Income-tax/Applying-the-$20,000-instant-asset-write-off-/

 

Law Society External Examiners’ Report

Please note that all the Law Society Trust Account Examiners had to be reaccredited in NSW in order to perform Trust Account Audits by 31st March 2018.

Please note that the following extract is from The Law Society of NSW.

Please take note that External Examiner’s Reports after 30 June 2017 can only be provided by those External Examiners who have successfully undertaken the mandatory course as approved under the Legal Profession Uniform Law (NSW).

The External Examiners Course has been running since January 2017 and a further course is proposed for April 2018.

Although emails have been sent to all External Examiners accredited under the Legal Profession Act, 2004, notifying of the requirement for re-accreditation under the Legal Profession Uniform Law (NSW), it is noted that there has been a substantial shortfall of take-ups for the re-accreditation.

Unfortunately, the Trust Department has been unable to update the Law Society Website in relation to the list of External Examiners until the courses have been substantially completed and the External Examiners re-accredited.

So that there are no last-minute complications in arranging external examinations for the period to 31 March 2018 it would be to all law practices’ benefit to contact their External Examiners and ask them if they have been re-accredited under the Legal Profession Uniform Law (NSW). If they have not been re-accredited or registered for re-accreditation and wish to do so they can contact Professional Development at education@lawsociety.com.au and ask to be added to the list for the next available course which has been proposed for early April.

To assist in this process the Trust Department will ensure that an ‘Interim List’ of External Examiners is available on the Law Society Website by 28 February 2018.

Please note, all appointments held by an External Examiner under the Legal Profession Act, 2004 will roll over into the Legal Profession Uniform Law (NSW) upon successful completion of the re-accreditation course by the Examiner. There will be no requirement for law practices to reappoint their re-accredited Examiner.

Please also note that in 2017 the deadline for the submission of External Examiners’ Reports was 15 May 2017.

Our firm has been reaccredited and will be available for Trust Account Audit as at 31 March 2018. Please note that the lodgment date for the Trust Account Audit is now 31 May 2018.

 

Taxable payments annual report

Some businesses and government entities need to report each year the total payments they make for services on the Taxable payments annual report. In addition, some government entities also need to report grants paid.

These payments need to be reported to us on the Taxable payments annual report by 28 August each year.

Building and construction:

Businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year.

Government:

Government entities at the federal, state and local levels need to report from 1 July 2017, the total payments they make wholly or partly to businesses for providing services. Some government entities will also need to report grants paid to people or organisations that have an ABN.

Payments you need to report

Report only payments you make to contractors for building and constructions services.

Contractors can be sole traders (individuals), companies, partnerships or trusts.

If invoices you receive include both labour and materials, whether itemised or combined, you report the whole amount of the payment, unless the labour component is only incidental.

The definition of building and construction services is broad – it includes any of the activities listed below if they are performed on, or in relation to, any part of a building, structure, works, surface or sub-surface:

  • alteration
  • assembly
  • construction
  • demolition
  • design
  • destruction
  • dismantling
  • erection
  • excavation
  • finishing
  • improvement
  • installation
  • maintenance (excluding the maintenance, service or repairs of equipment and tools)
  • management of building and construction services
  • modification
  • organisation of building and construction services
  • removal
  • repair (excluding the service or repairs of equipment and tools)
  • site preparation.

Details you need to report

The details you need to report for each contractor includes:

  • ABN (where known)
  • name
  • address
  • gross amount you paid for the financial year (this is the total amount paid including GST)
  • total GST included in the gross amount you paid.

You are required to report the payments you make to contractors in the financial year in which the payments are actually made (cash basis).

The details you need to report are generally contained in the invoices you receive from your contractors.

When you receive an invoice, check the ABN on the invoice matches the ABN on your record for that contractor. Ensure you create a new contractor record if necessary. Where a contractor’s ABN changed during the year, you will need to include the two payee records in your annual report.

You can check your contractors’ details including ABN, name and GST registration to confirm they are correct by using ABN LookupExternal Link on the ABR website or ATO app.

For more information, please contact our consultant on 02 9954 3843.

Reference: https://www.ato.gov.au/Tax-professionals/Newsroom/Lodgment-and-payment/Need-to-lodge-a-taxable-payments-annual-report-/?landingpage

 

 

 

$20,000 instant asset write-off

The write-off threshold of $20,000 has been extended to 30 June 2018.

If you buy an asset and it costs less than $20,000, you can immediately deduct the business portion in your tax return. The $20,000 threshold applied from 12 May 2015 and will reduce to $1,000 from 1 July 2018.

You are eligible to use simplified depreciation rules and claim the immediate deduction for the business portion of each asset (new or second hand) costing less than $20,000 if:

  • you have a turnover less than $10 million, and
  • the asset was first used or installed ready for use in the income year you are claiming it in.

Assets that cost $20,000 or more can’t be immediately deducted. They will continue to be deducted over time using the general small business pool. You write-off the balance of this pool if the balance (before applying any other depreciation deduction) is less than $20,000 at the end of an income year.

For more information please contact us on 02 9954 3843 or email admin@hurleyco.com.au

 

Reference: https://www.ato.gov.au/Newsroom/smallbusiness/Lodging-and-paying/$20,000-instant-asset-write-off/

Legislation makes many accountants responsible for the health and safety of the workers in their organizations. How do you ensure your business is safe?

New Zealand’s workplace health and safety records paint a very grim picture.

Every year, 50 to 60 people are killed in workplace incidents, and hundreds more die as a result of work-related ill health. New Zealand’s fatality statistics are nearly twice as high as Australia’s, and three times as high as those of the UK.

These numbers, and the Pike River Mine Disaster which killed 29 New Zealand men in November 2010, helped prompt the Health and Safety at Work Act 2015. That law made organizations responsible for ensuring they meet health and safety responsibilities.

Essentially, New Zealand adopted the Australian Work Health and Safety Act 2011, which was introduced to harmonize work, health and safety regulations across most Australian states and territories.

Obligations under the new legislation

John Xerri is a partner in Deloitte’s Risk Advisory in Sydney and specializes in work health and safety (WHS). He says the aim of the legislation is to have WHS viewed as normal business practice and to remove the perception that it is merely ancillary.

“Up until the legislative changes, WHS was observed, but generally by someone well down in an organization, while the rest of the business went about what it was meant to be doing – running the business,” he says.

The new law prescribes that the “person conducting a business or undertaking” (PCBU) and its officers, or someone who has influence and control of the PCBU or organization, is responsible for the health and safety of workers.

Says Xerri: “Depending on the structure of an organization, some accountants could now be defined as officers – and all of a sudden they have duties and obligations under the new legislation.”

In the traditional accounting space, Xerri says an accountant’s role in life is o know what the business is doing. Health and safety presents a similar problem, “so the roles are very much aligned”.

Xerri says that under the new laws WHS has certainly achieved a higher profile and gained a lot of boardroom and senior management airplay, as clear obligations are targeted at that senior level.

Hazards and risks

One of the requirements in the legislation is that an organization must understand the nature of business’s hazards and risks.

“And that’s interesting if you have outside directors who have little understanding of what that business is about.”

The key difference between the old and new legislations, Xerri says, is that it took health and safety from being reactive – something that you do when something has gone wrong – to being proactive.

“The legislation now places a duty on an organization to proactively seek and eliminate risk. The legislation is enshrined in that. And prosecutions are now taking place on risk alone. That is the power of the legislation – an incident does not have to occur for the regulator to take action.”

A new approach for NZ

Chris Alderson is a director at PwC New Zealand and leads the Health and Safety consulting practice nationally.

He says while the Pike River mine disaster was definitely a call to action, there was general acknowledgement that New Zealand’s legislative framework needed to come into line with those of the UK, Canada and Australia.

“Some more advanced organizations in New Zealand were already moving to a new approach to health and safety, which focused a lot more on critical risk management rather than the traditional focus on lag-based measures like total recordable injury rates.”

Alderson says accountants need to ask risk questions. “What is the underlying risk that a health and safety initiative is aimed at? How does the spend strengthen the control environment, improve the organization’s culture or facilitate better governance?”

Alderson focuses on the law’s effects on people. “The consequences of a major workplace accident or preventable illness are devastating to the individuals involved, their families, and

have long-term impacts on the organization.”

Alderson says the first prosecutions are only now coming through and that penalties will vary. “An individual worker could be fined as much as NZ$300,000, an officer up to NZ$600,000 – and both categories could also include up to five years in prison. The organization can be fined up to NZ$3 million.” He says this amount cannot be insured against under the act, although legal costs can be.

Keeping safe on a budget

Deaths, jail time and millions of dollars are no trifling matters. So how can a business with budget constraints stay safe? Alderson says it’s all about focus.

“One thing we like to see is an understanding of the potentially hazardous activities that the organization’s workers and contractors regularly undertake.”

“Every business will be different, but if you can identify and acknowledge what these are, then you can prioritize where you need to spend to manage the risk of something going wrong.”

He advises trying to eliminate an activity or substitute it with one that carries a lower risk.

“For example, why send somebody into a confined space when you can send a remote vehicle or drone?

Spending on engineering controls is also a great investment – if you can protect the human from making a mistake with good equipment, then this is money well spent.”

Ultimately, he says, you need to put yourself in the eyes of an independent observer who would ask whether you had done enough to reduce potentially high-risk situations and activities to an acceptable level.

“I think that philosophically, accountants are well-placed. They can bring their critical thinking skills to bear on health and safety conversations within their organizations,” says Alderson.

“They should not feel that it is solely the realm of health and safety professionals or even operational managers.”

 

Reference: Malkovic, T., 2018. Acuity December/January. Health & Safety/Page 76: Acuity.

Superannuation downsizing measures to become reality

The government has passed elements of its housing affordability plan, allowing those over the age of 65 to funnel money from the sale of their home into super.

As of 1 July 2018, Australians aged 65 and over who are selling a home they’ve owned for at least 10 years will be able to funnel up to $300,000 of the proceeds into their superannuation accounts.

This is “over and above existing contribution restrictions”, Treasurer Scott Morrison and assistant minister, Michael Sukkar MP said in a statement about the First Home Super Saver Scheme (FHSSS).

They said: “The downsizing measure removes a financial obstacle from older Australians who are considering moving to homes that better suit their needs.

“Both members of a couple may take advantage of this measure, together contributing up to $600,000 from the proceeds of the sale into superannuation.

“This will encourage older Australians, where appropriate, to free up homes that no longer meet their needs for younger growing families.”

Simultaneously, first home buyers will be able contribute up to $30,000 into superannuation.

According to the ministers, this means “most first home buyers will be able to accelerate their savings by at least 30 per cent using the scheme”.

“The measures legislated today are part of the Turnbull government’s comprehensive approach to housing affordability,” they continued.

The Treasurer called the incentives a “very significant tax cut” as those first home buyers would be granted the lower rate of tax afforded by putting their money into superannuation.

The FHSSS legislation comes as the Turnbull government announces that Treasury will review the rules that govern the early release of superannuation when it comes to financial hardship and on compassionate grounds.

It will also consider the circumstances under which superannuation assets could be made available to pay compensation to victims of crime.

 

If you have any questions regarding the above please call (02 9954 3843) or email us (admin@hurleyco.com.au).

 

Reference: https://www.nestegg.com.au/tax/11263-superannuation-downsizing-measures-to-become-reality?utm_source=Nestegg&utm_campaign=11_12_17&utm_medium=email&utm_content=1

 

 

ATO’s 2018 hit list targets smaller tax avoiders

In an interview with Acuity, Australian Tax Commissioner Chris Jordan FCA spells out his new agenda for 2018, where he sets small business and big spenders in his sights.

In Brief

  • ATO Commissioner Chris Jordan gives Acuity the first detailed explanation of his 2018 tax “hit list”.
  • The hit list focuses on small businesses and individuals, after several years of focus on large businesses and multinationals.
  • Undeclared income, wrongly-claimed expenses and unpaid superannuation are key features of the 2018 hit list.

By David Walker.

Australian Tax Commissioner Chris Jordan has revealed in detail the tax issues that the Australian Tax Office will target in 2018 as it moves its focus to individuals and small business.

The hit list for 2018 and beyond includes undeclared business income, wrongly-claimed non-business expenses and unpaid superannuation guarantee contributions.

In a frank interview with Acuity, Jordan confirms the ATO believes it can now gain more from these smaller targets than from large multinationals. Big businesses, from BHP Billiton to Google, have been the highest-profile ATO focus for most of Jordan’s time as commissioner.

Jordan told Acuity that the “tax gap” – the estimated gap between tax theoretical tax payable and the amount actually paid – is bigger for small taxpayers as a group than for its “large market” group of big businesses. The ATO estimates the large market tax gap at A$2.5 billion. 

Next year’s hit list is based both on internal ATO work and on the work of the federal government’s Black Economy Task Force, says Jordan. The Task Force report is yet to be released.

Here the Tax Commissioner walks Acuity through the detail of the ATO’s 2018 list of target issues one by one:

  • Undeclared income: “If we look at cash businesses, for example, why today do people want to have a cash-only business?” Jordan asks. “People say to me: ‘it’s terrible – people steal the money, you’ve got to count it, you’ve got to reconcile it, you’ve got to have security around it, you’ve got to take it to the bank’ … There’s no compelling business reason to have cash only.” Cash-only businesses are often paying cash salaries, and that may mean employees are also failing to receive proper conditions and benefits.
  • Unexplained wealth or lifestyle:Jordan gives the example of a business-owning family which has reported parent incomes of $70,000 and $50,000, but has three children at private schools and has taken business class flights on overseas trips three times in the past two years. The ATO can source such information through feeds from the Department of Immigration, and even Facebook when the ATO risk filters throw up flags, he says. 
  • Private expenses wrongly claimed: Salary and wage-earners are claiming expenses that they can’t prove are related directly to work. And there are “small businesses that are mingling some of their private expenses with their business expenses”. Jordan acknowledges expenses have long been an issue for the ATO, but  he wants to “renew the discussion to highlight that we are going to be focusing on these areas”.
  • Unpaid superannuation guarantee contributions: Unlike cash wages, unpaid contributions create “a real loss” for the employee, he says, so there will be “a much greater focus” on the issue. The new single-touch payroll reporting system, which starts in July 2018, will provide the ATO with much better and earlier information on unpaid contributions.
  • Concentrations of cash-only businesses: The ATO has been making visits to businesses based on a data map of cash-only businesses and those which do not much use electronic payment facilities. Suburbs visited include Sydney’s Cabramatta and Haymarket. Some visits have been made in tandem with the Fair Work Commission or the Department of Immigration. “Often there are people there that are not supposed to be working, or they’ve overstayed visas,” he says.

He also repeats previous concerns that tax agents often fail to check that individual taxpayer clients have actually spent money before on “standard” claims for clothing, laundry and car expenses.

As commissioner, Jordan says he needed to previously address the tax failings of large businesses before he could turn his attention to smaller businesses and individuals.

He also criticises the attitudes of people who take a casual approach to paying their own tax but are outraged to hear of people abusing the welfare system. Cash payments facilitate welfare fraud, he notes. And he points out that undeclared income is one area where the ATO can use its data intelligence and analytics better. 

Reference: https://www.acuitymag.com/finance/atos-2018-hit-list-targets-smaller-tax-avoiders?ecid=O~E~Newsletter~Acuity~201710

 

 

Top 10 tips to help rental property owners avoid common tax mistakes

Whether you use a tax agent or choose to lodge your tax return yourself, avoiding these common mistakes will save you time and money.

The Australian Taxation Office has published the following list.

  1. Keeping the right records

You must have evidence of your income and expenses so you can claim everything you are entitled to. Capital gains tax may apply when you sell your rental property. So keep records over the period you own the property and for five years from the date you sell the property.

  1. Make sure your property is genuinely available for rent

Your property must be genuinely available for rent to claim a tax deduction. This means that you must be able to show a clear intention to rent the property. Advertise the property so that someone is likely to rent it and set the rent in line with similar properties in the area. Avoid unreasonable rental conditions.

  1. Getting initial repairs and capital improvements right

You can’t claim initial repairs or improvements as an immediate deduction in the same income year you incurred the expense.

  • Repairs must relate directly to wear and tear or other damage that happened as a result of you renting out the property. Initial repairs for damage that existed when the property was purchased, such as replacing broken light fittings and repairing damaged floor boards are not immediately deductible. Instead these costs are used to work out your profit when you sell the property.
  • Ongoing repairs that relate directly to wear and tear or other damage that happened as a result of you renting out the property such as fixing the hot water system or part of a damaged roof are classed as a repair and can be claimed in full in the same income year you incurred the expense.
  • Replacing an entire structure like a roof when only part of it is damaged or renovating a bathroom is classified as Top 10 tips to help rental property owners avoid common tax mistakes an improvement and not immediately deductible. These are building costs which you can claim at 2.5% each year for 40 years from the date of completion.
  • If you completely replace a damaged item that is detachable from the house and it costs more than $300 (e.g. replacing the entire hot water system) the cost must be depreciated over a number of years.
  1. Claiming borrowing expenses

If your borrowing expenses are over $100, the deduction is spread over five years. If they are $100 or less, you can claim the full amount in the same income year you incurred the expense. Borrowing expenses include loan establishment fees, title search fees and costs of preparing and filing mortgage documents.

  1. Claiming purchase costs

You can’t claim any deductions for the costs of buying your property. These include conveyancing fees and stamp duty (for properties outside of the ACT). If you sell your property, these costs are then used when working out whether you need to pay capital gains tax.

  1. Claiming interest on your loan

You can claim interest as a deduction if you take out a loan for your rental property. If you use some of the loan money for personal use such as buying a boat or going on a holiday, you can’t claim the interest on that part of the loan. You can only claim the part of the interest that relates to the rental property.

  1. Getting construction costs right

You can claim certain building costs, including extensions, alterations and structural improvements as capital works deductions. As a general rule, you can claim a capital works deduction at 2.5% of the construction cost for 40 years from the date the construction was completed. If the previous owner claimed a capital works deduction they are required to give you the information they used to calculate the costs so it always pays to ask them for this. If they didn’t use the property to produce assessable income you can obtain an estimate from a professional. If you use the services of a professional make sure they are qualified, use a reasonable basis for their valuation and exclude the cost of the land when working out construction costs.

  1. Claiming the right portion of your expenses

If your rental property is rented out to family or friends below market rate, you can only claim a deduction for that period up to the amount of rent you received. You can’t claim deductions when your family or friends stay free of charge, or for periods of personal use.

  1. Co-owning a property

If you own a rental property with someone else, you must declare rental income and claim expenses according to your legal ownership of the property. As joint tenants your legal interest will be an equal split, and as tenants in common you may have different ownership interests.

  1. Getting your capital gains right when selling

When you sell your rental property, you will make either a capital gain or a capital loss. This is the difference between what it cost you to buy and improve the property, and what you receive when you sell it. If you make a capital gain, you will need to include the gain in your tax return for that financial year. If you make a capital loss, you can carry the loss forward and deduct it from capital gains in later years.

Reference: https://www.ato.gov.au/Tax-professionals/Newsroom/Your-practice/Flyers-for-your-property-investor-clients/

New depreciation legislation for Australian property investors – Second-hand residential properties

In one of the most dramatic changes to property depreciation legislation in more than 15 years, Parliament has passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 as at Wednesday 15th November 2017, with the Bill now legislation.

The new legislation means owners of second-hand residential properties (where contracts exchanged after 7:30pm on the 9th of May 2017) will be ineligible to claim depreciation on plant and equipment assets, such as air conditioning units, solar panels or carpet.

The good news is that there are still thousands of dollars to be claimed by Australian property investors, as there has been no change to capital works deductions, a claim available for the structure of a building and fixed assets such as doors, basins, windows or retaining walls. These deductions typically make up between 85 to 90 per cent of an investor’s total claimable amount.

Previously existing depreciation legislation will be grandfathered, which means investors who already made a purchase prior to this date can continue to claim depreciation deductions as per before.

Investors who purchase brand new residential properties and commercial owners or tenants, who use their property for the purposes of carrying on a business, are also unaffected.

Owners of second-hand properties who exchanged after 7:30pm on the 9th of May 2017 will still be able to claim depreciation for plant and equipment assets they purchase and directly incur an expense on. 

To read more about the new depreciation legislation and how this applies to a range of property investment scenarios, download BMT Quantity Surveyor’s comprehensive white paper document Essential facts: 2017 Budget changes and property depreciation.

It’s more important than ever to work with a specialist Quantity Surveyor to ensure that all deductions are identified and claimed correctly under the new legislation. Each and every BMT Tax Depreciation Schedule will be tailored to suit an individual’s property investment scenario, ensuring that all property depreciation and CGT deductions are maximised.

For investors who are planning on selling a property affected by the new rules, a BMT Tax Depreciation Schedule can be provided to assist them and their Accountant to perform a calculation adjustment for CGT liabilities.

For further information on any property investment scenario, please call us on 02 9954 3843.

 

Reference:

http://bmt-insider.bmtqs.com.au/new-depreciation-legislation-for-australian-property-investors/?utm_source=budget-2017&utm_medium=email&utm_campaign=legislation-confirmed-accountants

 

Planning for the post-Christmas slump

Planning for the post-Christmas slump

If you have failed to properly prepare for the post-Christmas slowdown many businesses experience, you may be in for a shock when you return from your well-deserved break.

Post-Christmas is a dangerous time for small businesses, especially business to business (B2B) operators. As business starts to slow down for the Christmas closure periods, so too does the cash flow. Without proper planning, your business could become another statistic.

For most businesses, reduced cash flow doesn’t typically have an impact until what I call ‘graveyard month’: between late February and early March. This is the time when most businesses collapse due largely to the slowdown catching up with them.

Christmas is a perfect storm, with B2B sales declining, employee leave-loading pay and a dip in cash flow caused by customer spending wrapping up until mid-January. It is easy for businesses to fold under the financial burden.

With proper planning, however, you can avoid the stress of reduced cash flow and, by acting now, you can build a buffer to protect you from the slow Christmas period. Taking early action is crucial for businesses wanting to avoid the effects of graveyard month.

With these tips you can start preparing now, to ensure you too can enjoy the silly season without worrying about what might greet you in the new year:

Assess your cash flow

Planning ahead means considering your cash flow patterns and ensuring that there are enough funds coming in, compared with the amount being spent in outgoings. A useful hint is to look at making incoming payments as frequent as possible; this means you don’t need to wait until a job ceases to invoice.

Your aim should be to have as many accounts at least partly paid off as possible before Christmas. A great way to do this is to provide added incentive by offering discounts to clients who pay before Christmas. The customer receives a discount and you see the benefit in your cash flow.

Put off purchases and look to payment terms

While you want to ensure payments are coming in as quickly as possible, you should also try to extend outgoing payments as far as your suppliers will allow, to reduce outgoing funds and again build a buffer of cash, reducing the risk of being caught off guard.

You should avoid making any large purchases at this time of year. However, if you must place stock or inventory orders, try to negotiate payment terms that don’t require immediate payment, or can be paid through instalments.

It is often easier to negotiate lengthening payment terms rather than trying to reduce the price, as it might put your suppliers offside and hint that your business may be in distress.

Recover outstanding debts

While you might look to extend your own payment terms with your creditors, you should also be tightening payment terms for your own outstanding debts. Look at your debt ledger before Christmas and refer debts older than 60 days to a collection agency.

Even if you only receive partial payment, it means you are more likely to receive some of the outstanding money, instead of scrambling to make up the funds when you are hardest hit.

You can also find extra money by looking at your old written-off debts and referring them to a collection agency. Make sure you refer them to an agency that doesn’t charge unless the debt is recovered, so you can rest assured you won’t be left out of pocket, even if the debts can’t be recovered.

Determine your stock levels

Evaluating your current stock levels will help give you a clearer idea of what you need for the new year. It also gives you the opportunity to sell off anything you don’t require or that has been with you for six months or longer. Holding a pre-Christmas or New Year’s sale will help you stay afloat in financial hardship.

By focusing on your post-Christmas survival now, you are setting your business up for the best chance of success. It’s the businesses that don’t look ahead that will be caught out in graveyard month.

These simple steps will help you determine your priorities, analyse your strengths and weaknesses, and make sure you are well equipped to handle whatever the Christmas period throws at you. These steps might even allow you to relax and enjoy Christmas with your loved ones.

Reference: https://www.mybusiness.com.au/growth/2524-planning-for-the-post-christmas-slump?utm_source=MyBusiness&utm_campaign=27_10_17&utm_medium=email&utm_content=5