As an established contractor, you’ve probably already got your Tax File Number and Australian Business Number in place. As long as you’re organised, you’ll be putting money aside each payday for your tax and you’ll be making regular deposits into your superannuation investment account.

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COVID-19 is now described as a global pandemic – not because it has become more deadly, but because of its global spread. It is believed to be spread by ‘respiratory droplets’ from an infected person – tiny secretions released when we sneeze or cough. 

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If the thought of moving away from home to take up a contract is too expensive to consider, think again – you may be entitled to a Living Away From Home Allowance (LAFHA).

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Working as a contractor gives you massive freedom and a great quality of life, however, the flip-side is that it comes with risks.

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Not everything in life comes at a cost… as a worker in Australia, the Federal government offers you a tax-free threshold – that is, an amount of income you can earn before you have to pay any tax. Currently, that amount is $18,200.

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Positioning yourself to win the next contract requires a combination of skills  – on top of those required to perform the job… here are some that can put you at an advantage.

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As we enter a new year, it’s a great time to sit back and consider your plans for growth over the next 12 months. Where do you want your business to be by this time in 2021? And how are you going to get there?

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