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Tips for hiring entry-level employees

Hiring entry-level employees is a difficult yet unavoidable task for many employers.

Entry-level employees are often essential to fill junior positions in a business and can provide businesses with an opportunity to grow. However, hiring a person with lack of experience and professional referees can often be quite challenging. Here are three tips to consider when assessing entry-level candidates:

Create a clear picture
When creating a job description, it is important to have a clear image of an ideal candidate. Think of specific strengths, skills and traits the applicant must possess. Creating a profile for the ideal applicant not only helps you in the selection process but it also helps to prevent unsuitable or overqualified applicants from applying for the role.

Evaluate involvement outside education
Generally, entry-level candidates do not have a lot of prior professional experience within an industry and are often limited to university education. This lack of real-world experience means employers must find new ways of assessing compatibility. Instead of focusing on marks alone, look at a candidate’s extracurricular activities, volunteer work, leadership roles, awards and internships.

Think long-term
Entry-level candidates can turn into long-term employees if they are given the chance to develop their career. Ask applicants about their long-term career goals and explain ways in which they can achieve these goals through your business. Use examples of other staff members who have advanced their career through your business and make every effort to train employees to demonstrate your commitment to career advancement.

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Your First Tax Return: What You Need To Know

June 15, 2021

Tax return season is quickly approaching for individuals. You may need to begin thinking about the process sooner rather than later to ensure that you have everything ready for your accountant. If you’ve never had to complete a tax return before (and it’s your first time) or are still uncertain about what you need to do, this process can feel a bit like a Mount Everest you need to climb.

Putting it simply, if you are earning or will earn more than $20,542 this year, you will need to lodge a tax return. However, if you haven’t made that amount but your employer has taken tax out of your pay, you should lodge a return anyway to receive some (if not most) of that money back.

How much money you receive back from the tax return will be affected by how much income you have earned. Some debts (such as HECS or HELP) will begin to take money out of your return after reaching a certain income threshold level (currently set at $46,620).

A tax return is where you report all of your income earned over the past financial year. It should include ATO-reported income (which you generally won’t have to worry about as we have access to it automatically) such as salary or non-ATO reported income. This income may be income that has not been sent to the ATO and could include tips, any income you’ve earned while working under an ABN or payments from a family trust. You need to work out all of the income that you have earned and report it to remain compliant with the ATO.

In a tax return, you will also be entitled to make tax deductions on certain items if they apply to your situation. This means that you may receive a greater amount in your tax refund.

You will be entitled to tax deductions on items such as:

If you want to make sure that you understand precisely what you need to do to lodge your tax return, keep this in mind:

For assistance during the lodgement of your tax return, you can seek advice from us. We’re here to help ensure you meet your tax obligations by reporting your income correctly for this financial year.