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Top tips for keeping up your energy at work 

Some days it's a challenge to keep your energy at work when you're powering through audits or energy zapping work that can make your brain feel like it needs a re-charge. 

Just like our phones often run out of batteries so too can your body and if you're looking to ensure you don't get burnt out or stressed in the workplace, here are a few simple ways to conserve your energy and ensure you are firing on all cylinders. 

1. Audit your daily work activities and find your energy drains

When you sit down and analyse your daily activities, there are bound to be pieces of your day that negatively affects your productivity and energy levels. Rather than working through lunch, take the time to step away from your desk and get some fresh air. Not only will you give yourself a zap of energy, you will also improve your emotional energy and you will feel more energised to get on with the second half of your day.

2. Take regular breaks throughout the day

To get the most out of your day, it's important to schedule rest to renew your energy. By breaking and scheduling periods of rest for your brain you will be able to ensure you preserve your energy and replenish so that you get the most out of your day. 

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ATO Cracks Down On Work-Related Expense Claims

 In a recent update from the ATO Commissioner Chris Jordan has warned that work-related expenses will be flagged and a crackdown will be carried out to ensure the 12 million people in Australia's workforce are doing the right thing in regards to claiming work-related expenses (WRE). 

In the 2014-2015 business year, around $22 billion was claimed in WRE's and there has been a warning issued to taxpayers that if there are considering claiming deductions that are not actually work-related expenses they should think again. 

Claims for expenses such as laundry and dry cleaning have risen considerably over the past five years by as much as 20% and the ATO is motivated to ensure taxpayers who are overclaiming are caught out to ensure only legitimate expense claims are approved. 

While valid expenses were entirely appropriate, the ATO indicated that individuals overclaiming for travel, work-related expenses, uniforms, self-education or cars would be investigated.
These days almost 75% of individual's tax returns are done by tax agents, making legitimate expense claims the norm.

With many small businesses not able to afford to provide all the tools of the trade and equipment for their employees, work-related expense claims are necessary to cover any outlaying of expenses required to carry out a professional role. 

Read the original article here.

Improving your company's digital presence with an SSL certificate

These days if you have a business website, you need the highest level of security, and this means far more than anti-virus software and changing your password on a regular basis. 

Businesses who are looking to supercharge their web safety need an SSL certificate installed on their website. 

What is an SSL certificate?

The SSL certificate stands for Secure Sockets Layer and works as an encryption connection between the web server and the user’s browser, allowing a user to send and receive information while all the information is encrypted – protecting the information from hackers, spammers and malicious software designers seeking to steal personal information. 

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Want to help clients understand the difference between an audit and a review? Here's how.

Many clients might not understand that the entity they manage may or may not require an audit.

These days there are options, and clients have the choice of a review rather than an audit in some circumstances - which may be more cost effective for the organisation.

Of course, the option of whether to do an audit or a review depends on the entity's constitution. If you are assisting your clients to choose between an audit or a review you should consider the relevant legislation and whether the company's management needs to change the constitution to allow for a review.

Exploring the option of a review
Customers will usually opt for a review due to the significant cost savings in comparison to an audit. 

Entities that may benefit from a review include:

- Companies limited by guarantee with revenue of at least $250,000 up to $1 million
- Medium-sized charities with income of at least $250,000 up to $1 million 
- Level 2 incorporated associations in Queensland with revenue and current assets between $20,000 and $100,000
- Public ancillary funds with revenue and assets less than $1 million

Next time you're speaking with your clients, it's important to provide both options should their situation fit into one of the areas above. 

The standards for review engagements have been issued by the Auditing and Assurance Standards Board (AUASB) and outline the review process in detail. 

If you're looking for an economical option for an SME that qualifies for a review, it makes sense to offer this option as reviews become common practice throughout the industry more auditors embrace the concept as a viable assurance option. 

Read more about auditing standards and the latest news from AUASB by clicking here.
View the original article here.

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