Self-managed superfunds and insurance – make sure you’re covered
Posted on: August 29, 2019 by: Michael Mekhitarian
It is a legal requirement for all super funds (including SMSFs) to prepare and document an investment strategy during the set-up phase. This strategy (including any insurance coverage) must then be reviewed regularly by fund trustees to ensure that it continues to meet member needs as they change over time.
Corporate Travel Insurance – what you need to know
Posted on: August 28, 2019 by: Michael Mekhitarian
Let’s say you’re running a business and that from time-to-time, you as the owner, other company directors and perhaps also key employees need to travel for work purposes.
Professional Indemnity Insurance
Posted on: August 22, 2019 by: Michael Mekhitarian
Professional Indemnity Insurance is designed for people who work in professions where they provide advice – bookkeepers, real estate agents, marketing advisors, architects, life coaches personal trainers… the list goes on.
Safeguard yourself, and your business, with income protection insurance
Posted on: August 16, 2019 by: Michael Mekhitarian
Most people have some form of income protection insurance within their super. But is it enough? And will it cover you in all circumstances? Have you ever looked at the fine print? If you’re running your own business and suddenly can’t work – even for a short period of time – are you sure that you will be covered financially?
Public Liability Insurance
Posted on: August 8, 2019 by: Michael Mekhitarian
Under the law, every small business and property owner has a duty of care to the general public and can be held responsible for any injuries that a person sustains on their property or as a result of their business activities.
Unleashing your company‘s productivity
Posted on: August 7, 2019 by: Michael Mekhitarian
A few years ago, Big Four Accounting firm Deloitte published a report on productivity. The report stated that private sector bureaucracy is costing the economy about $250 billion dollars a year.
Let’s talk business risk: Have you got a plan in place if you lose a key person?
Posted on: July 1, 2019 by: Michael Mekhitarian
Ever thought about what might happen if a key person in your business suddenly couldn’t work anymore? What would happen if your business partner or a key team member passed away suddenly or had an accident that rendered them unable to work?
Insurance – should you purchase cover inside your superannuation or independently?
Posted on: June 10, 2019 by: Michael Mekhitarian
With the government changes to superannuation looming, changes which mean insurance in an ‘inactive’ super account (one you haven’t made a regular contribution to in 16 months) will be cancelled by 30 June unless you opt to retain it.
Tips for managing your tax payments
Posted on: February 1, 2019 by: Michael Mekhitarian
There’s nothing more certain in life than death and taxes. And in business, there’s nothing more certain than taxes. When you’re a business owner, alongside rent and wages, tax can be one of the biggest bills you’ll face over the course of a year.
Hiring your first employee
Posted on: January 18, 2019 by: Michael Mekhitarian
There are many pivotal moments that start-ups face. Perhaps one of the most critical is that growth spurt that changes you from being a one-person operation to becoming a business that employs staff.