April 2019 Newsletter
- Why business owners must understand the liquidation process
- Rabobank Rural Confidence Survey: Victorian farmers buck trend
- McDonald’s Worker Smoking Before Shift Successfully Claims For Leg Injury
- Labor’s superannuation and related proposals
While both bankruptcy and liquidation could involve insolvency, these terms are not interchangeable and therefore, it’s important for business owners to understand difference.
Liquidation involves finalising the financial affairs of an organisation, selling off the business’s assets to repay any debts, and dismantling the company’s structure.
While farmer confidence remains low in many parts of the country due to the prolonged dry conditions, farmers in Victoria have bucked the trend according to the figures from the latest Rabobank Rural Confidence Survey. There has been a significant increase in confidence from Victorian farmers since …
Special Counsel Jim Tealby discusses the successful claim of a McDonald’s worker who injured her leg while using a ladder to access the building’s roof in order to smoke. The claimant sustained an injury in the 10 minute period before starting work. Jim asks: “When is a worker at work?”
The next Federal election, according to our current Prime Minister Mr Scott Morrison, will be held in May 2019 and, if the Labor Government is elected, significant change is likely. Thus, a brief ‘stock take’ of what the superannuation landscape will look like under a Labor Government is set out below.
Did you see the recent blog by Laurie Liston?
This blog looks at the GST implications for Holiday Houses and using common booking sites like Stayz (HomeAway), Booking.com & Air BnB.
Announcements:This month we have a number of birthday’s being celebrated. We wish a Happy Birthday to Laurie, Richard and Cris!
Commonly Asked Question
Q: Windows 7 End of Life, what does it mean?
A: All support and updates (including security updates) will end in January 2020 for the popular Windows 7 operating system.
This doesn’t mean your laptop or desktop computer that runs Windows 7 will just stop working after this date, it just means that you continue to us it at your own risk. The biggest issue with continuing to use Windows 7 will be the increased chance of vulnerability to viruses and malware once the security updates cease. For users that are not connected to the internet or do not use media for external sources (like a third parties usb memory stick), this may not be an issue.
The good news is that you do not necessarily need to go out and buy a new computer or laptop, as upgrading to Windows 10 can be a fairly straight forward process and could extend the life of your hardware (please note that Windows 10 does have minimum specifications so not all hardware using Windows 7 can up upgraded). However, if your hardware is more than five years old it maybe time to consider investing in new technology.
One thing to be aware of when upgrading is that some of your existing software may not work on Windows 10. This is often the case with older versions of desktop accounting software such as Quicken, QuickBooks, Cashflow Manager and MYOB. If you are using any of these desktop programs you may need to upgrade them once you are using Windows 10 and you may also find that you no longer can avoid moving to a cloud based version. If you are in this situation please contact us.
Computer users should also be aware that end of support will be reached in January of Microsoft Office 2007, Windows Server 2008 R2 and Exchange 2010!
All the best from the Watts Price Team!