Businesses should always monitor the price of insurance premiums. But why are they rising now if the official interest rate is low and the consumer price index was just 1.1% at the end of the March quarter?  Premiums under the magnifying glass  Premiums – what you pay for insurance cover – usually rise because claims […]

On average, one in five Australian small businesses have been party to a dispute, with most of them experiencing financial loss, according to a government report. As well, small-to-medium-sized enterprises are at risk of unfair dismissal claims, with the Fair Work Commission listing at times with hefty costs. Work-related injury and diseases cost Australian companies […]

Whether you currently run or are looking to start a business, consider if you’ve got the best-fit business structure to suit your needs. The two most popular types are sole trader and company. As a sole trader, you and your business are considered a single entity, while a company is a separate legal entity. This […]

The average total cost of a cyber data breach in Australia last year was $3.35 million per breach. That’s $163 per lost or stolen record, according to IBM’s 2020 Cost of a Data Breach Report. That’s due to each breach taking 296 days to identify and contain. IBM is working with different data than the […]