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Improving productivity

Staying productive in the workplace can be challenging – whether it’s interruptions from colleagues, unnecessary meetings or simply distractions such as social media, it is hard to stay focused on the task at hand.

Here are three ways to be more productive in your work day:

Take more breaks
Although taking more breaks sounds counterintuitive to productivity; breaks provide time to refresh and therefore can improve performance. Break up long tasks by taking a short break at least every hour or so to maintain concentration.

Reduce time of meetings
Meetings can take up a large part of your work day; stealing many of your most productive hours. Effective meetings usually have a strict end time, only include essential staff members and stick to an agenda. Before organising your next meeting, consider which staff members are necessary (and which can afford not to go) and write up an agenda prior to the meeting.

Break up big tasks into small parts
It can be easy to procrastinate when it comes to a large project, as the prospect of starting the task may seem overwhelming. One way to combat procrastination is to break up the task into smaller, more manageable parts. Breaking up the task helps you to feel more control over your work and can improve your mindset towards the task.

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News

SMSFs: beware of illegal early super release

July 13, 2018

The Australian Tax Office (ATO) is reminding self-managed super fund (SMSF) trustees to beware of allowing members to access their super early.

A self-managed super fund (SMSF) trustee must meet a condition of release before any funds can legally be released.

The ATO can issue severe penalties if you or a SMSF member access your super before you are legally entitled to do so.

Some consequences of getting caught up in an illegal super scheme include the disqualification of trustees, imposition of administrative penalties, the fund being made non-complying and prosecution.

The Tax Office encourages those members who have been involved in an illegal super scheme to contact them immediately. The ATO will review your voluntary disclosure and take your circumstances into account when determining any penalties.