"BiziNet Magazine #100 - Jan/Feb 2020" BiziNet™ Articles

Early November, the highway into the township of Taree on the NSW mid North Coast was cut-off due to fires burning to the north of the town (near John's River) to the south (at Nabiac) and to the west (at Hillville). These fires began on Thursday 6 November 2019 and, at one point, firefighters were faced with a wall of flames spread across a 60 km fire front in conditions that can only be described as 'unprecedented' for the area.

BiziNet: Sydney Hills is known as one of the most, if not the most, business-oriented regions in NSW. 2-3 decades ago, no one would even think about the growth we have seen in Norwest Business Park and the whole Hills Business District. Could you please highlight what the future entails for the Hills Business Community?

Directors can already be held personally liable for Pay-As-You-Go ["PAYG"] and Superannuation Guarantee Charge ["SGC"] liabilities of a company in certain circumstances via the Director Penalty Notice ["DPN"] regime. 2020 is very likely to see legislation passed in the Senate to extend the DPN regime to include personal liability for GST as well.

If you don't have an exit plan for your small business 12-36 months in advance of selling, you won't maximise its value. Don't settle for less… follow these tips. Most people simply don't contemplate exiting the business when they're just getting started, or even after they're well established. Most business owners figure the end is a long way off, and anything could happen before then. But it's these unpredictable happenings that make having a business exit plan in place even more important.

ABS Figures from the 2016 census show that 51.4% of the Hills workforce are women. There are also more female residents who are professionals (12,028) 31.6 % higher than the Sydney average of 29.3% and an increase of 1628 professionals since the 2011 census.

More female Hills resident workers have qualifications (69.7%) compared to the rest of greater Sydney (68.4%).