It’s been a crazy week as everyone recovers from the storm that tore NSW apart. On Tuesday, the Insurance Council of Australia announced estimated insured losses resulting from the storm had reached $56 million.Read More
Project Bank Accounts – The Background:
Much has been discussed in recent times about the use of Project Bank Accounts (Trust Accounts) as a means to protect the flow of payments on construction projects from the principals down to the eventual suppliers of the goods and services which form the eventual completed project.
The political, social, and financial consequences of the failure by suppliers and subcontractors to receive payment for works, completed following the all too frequent collapse of development and construction enterprises, was highlighted at every one of the recent hearings into insolvency in construction conducted by the Senate Estimates Economics Committee.Read More
Toll costs in NSW and Victoria set to continue to rise in the coming years, spelling bad news for construction SME's looking to reduce operational costs.Read More
Our partners over at Access Visa Migration Services put together some info about trade licensing for 457 visa holders. If you are qualified in a trade outside of Australia and looking to make a move, read on.....Read More
The 2016-17 Budget is a win for the $200 billion building and construction industry.
Company tax rate cuts
It has been confirmed that from July 1, small to medium-sized businesses with an annual turn over of up to $10 million dollars will qualify for a company tax rate of 27.5%, down from 30%.Read More
The Department of Employment have released a report listing the top 10 trades in demand in Australia. Where are all the brickies at?Read More
There is a fake recruitment company in Perth posting ad’s on Gumtree, promising tradies, labourers and traffic controllers well paid jobs in return for a one-off payment by electornic trasfer in advance of the job starting to cover safety courses, uniforms and equipment.Read More
Are you wondering whether the tradies on your job are employees or contractors? Check out this video which sums it up in two minutesRead More
Chances are that if you are a tradie or a construction business owner, there is just not enough hours in the day. Early starts, heavy traffic, long hours and book keeping leaves you with just enough time for some dinner before starting all over again. Sound familiar?Read More
These days, nearly every aspect of running the business, apart from actually being “on the tools” can be done online.
Using the Internet to source and purchase materials is an efficient and cost effective alternative to taking a trip to the suppliers. A quick google search will let you compare prices from different suppliers throughout the country (and the world depending on what it is). The cost savings can have a significant impact on the bottom line.Read More