Archive for the ‘Business News’ Category

Tax effective superfund strategies

Posted by James Campos on July 25th, 2011

Last week, I was asked a question about purchasing an office building and what structure should be used. Now dont forget every persons circumstances are different and we would need to consider your individual circumstances before offering the same advice.

This particular client was a young business that had been operating for about 4 years and had the opportunity to purchase the premises that they were currently renting. They called us to seek our advice before they went ahead with any decision. We ran through their financial situation both personally and for the business, and then looked at the clients Self Managed Superannuation Fund (SMSF) that we had setup some time ago.

Our client had been using this as a tax effective strategy to put money into super to save 15% in tax.

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Celeb Privacy Breach Costs UCLA Hospitals $865K

Posted by James Campos on July 24th, 2011

Years after hospital employees were accused of snooping into the medical records of celebrity patients, UCLA Health System agreed to pay an $865,000 settlement for potential violations of federal privacy laws. The settlement that UCLA reached with federal regulators Wednesday did not name the stars specifically involved. The investigation by the US Department of Health and Human Services revealed that workers repeatedly accessed patients electronic health records between 2005 and 2008. In a statement yesterday, UCLA said it has taken steps over the past three years to retrain staff and strengthen its computer systems.

At least two former UCLA employees have faced criminal charges for medical privacy violations. Former administrative specialist Lawanda Jackson, 50, pleaded guilty to selling information to the National Enquirer from the files of Britney Spears, Farrah Fawcett, and other high-profile celebrities.

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Dynamic Business credit & debt survey launches

Posted by James Campos on July 24th, 2011

Dynamic Business has again partnered with CreditorWatch for this year’s credit & debt survey. Go in the running to win a prize in return for just a few minutes of your time.

Each person who fills out the survey will go in the running to win one of three NetComm MyZones, worth $149.

To go in the running for this prize, just take the survey.

CreditorWatch is an online community of thousands of Australian businesses who share information about bad debtors in order to make better credit decisions. I

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SA braces for massive coal strike

Posted by James Campos on July 22nd, 2011

About 150 000 South African coal workers seeking 14% wage increases plan to walk off the job from Sunday in a strike that could dent exports and hurt power supplies in Africa’s largest economy.

Hundreds of thousands of union workers have downed tools in recent weeks, or are threatening to do so, seeking raises double or triple the 5% inflation rate in the mid-year bargaining session known locally as “strike season”.

Lesiba Seshoka, spokesperson for the powerful National Union of Mineworkers (NUM), said employers have offered between 7% to 8.5%. Read Full Post…

Disasters see OHS and risk management overhaul

Posted by James Campos on July 22nd, 2011

Following on from the natural disasters that struck Queensland earlier this year, over 50 percent of businesses now plan to review their OHS and risk management policies.

According to a ComOps survey, 78 percent of organisations discovered gaps in their OHS policies after the disasters, making risk management strategy a greater priority

Results revealed that 78 per cent of organisations found gaps in their OHS policies following the disasters and as a result, risk management strategy is now a greater priority overall.

The survey also highlighted a number of the barriers OHS and risk managers face, with 32 percent indicating a legally compliant OHS strategy is not a high enough priority in their organisation and 29 percent saying they can’t afford the investment at the current time.

In addition, when it comes to deploying effective OHS strategies within businesses, 35 percent of managers say that they’re frustrated by the behaviour of their workforce colleagues in assisting with policy and procedure compliance, while 14 percent don’t believe they’re given adequate time to dedicate to the overall issue of safety.

“The survey suggests that the Queensland floods have been a wake-up call for a comprehensive review of OHS strategies, all the way from design and formulation through to incident reporting, risk mitigation and management,” ComOps Safety, Rick and Claims Manager Moshe Woods said.

“At the same time, the data would suggest that while the will is there to dedicate more resources to OHS, managers are still hindered by slack budget allocation and the perception that other business requirements have a greater priority.”

Moshe said he’s reassured by the finding that over one third of organisations are planning to deploy an OHS and risk management system, with 25 percent planning to do so within the next 12 months.

“This OHS policy overhaul should place Queensland in a better position at times of natural disaster in the future,” he added.

Discounted Jack Daly tickets on offer

Posted by James Campos on July 21st, 2011

If you weren’t one of the lucky three readers who won tickets to see Jack Daly deliver his winning sales strategies in Brisbane, Sydney or Melbourne, we’ve got some good news.

Our business education partner, The Growth Faculty, is offering Dynamic Business readers $100 off the standard ticket rate.

All you need to do is use the promo code ‘DYNAMIC’ when registering to receive discounted tickets for Daly’s Winning Sales Strategies seminar.

For those who’d like to register for the seminar, please visit

Why would you want to see Jack Daly? Because he has a wealth of experience and knowledge behind him! He’s built six businesses from scratch into national sized firms, two of which sold on Wall Street, to First Boston and Salomon Brothers. Now, he helps

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Greece Gets Bailout Deal

Posted by James Campos on July 21st, 2011

Eurozone leaders today agreed to a sweeping deal that will grant Greece a massive new bailout and radically reshape the currency unions rescue fund, allowing it to act pre-emptively when crises build up. The deal resolves a political deadlock between Europes top economic authorities over how to save Greece that had investors worried the debt crisis would spin out of control. The eurozone countries and the IMF will give Greece a second bailout worth $155 billion, on top of a similar bailout last year.

Banks and other private investors will contribute some $71 billion to the rescue package until 2014 by either rolling over Greek bonds that they hold, swapping them for new ones with lower interest rates, or selling the bonds back to Greece at a low price. Initial reaction from markets and analysts to the deal was cautiously positive.

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