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Celebrating Christmas in your office

Posted on December 6, 2017 by admin

Christmas can be a very exciting time for many, and it can also be the dreaded season for others.

Consider the following tips for celebrating Christmas in style, to ensure that all your staff get the most out of this period.

Office Christmas party
Holding a work Christmas party can be risky, particularly if alcohol is provided. People can take advantage of this and can see you and the business liable should something go wrong. For many employees, attending a Christmas party, especially one outside of business hours, can be quite a hassle.

The safest and easiest option to have a great Christmas party is to hold it in the office. Cater with delicious food, decide whether you want some kind of entertainment such as challenge games with a prize for the winning team, or a performer such as a comedian. If providing alcohol, limit the supply and be sure to provide low-alcohol options and soft drinks as an alternative. And most importantly, let everyone go home early after the party has wound up so they can spend time with their family or prepare for Christmas.

If you’re giving gifts, put thought into them
Giving gifts can take up your time; time that you could be spending with your family. So if you’re going to give gifts, put thought into them and make it worthwhile, otherwise there is no point. Perhaps instead of getting something meaningless for all your staff, organise an office Kris Kringle, with a monetary value for the present. To avoid anyone getting a useless gift, they can write three options for gifts within the monetary value they would appreciate, making it easier for everyone to purchase a great present.

Decorate
Christmas is one opportunity to bring excitement and fun into the office. Decorating can bring the team together and make the stress of work seem to disappear. Not only do decorations make the working environment more pleasant for employees, but it also makes it exciting for customers.

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Avoiding mortgage default

Posted on August 26, 2020 by admin

As individuals struggle with cash flow through the coronavirus, the Australian Bankers Association records that repayments on almost 500,000 mortgages have been deferred for six months. While repayments can be delayed, they cannot be avoided altogether.

Lenders can send you a default notice the day your repayment is overdue. However, they could also wait until your repayment is overdue by 90 or more days. When you receive a default notice, you are given 30 days to repay the amounts you have missed in addition to the regular repayment on your loan. Individuals who are struggling with their home loan repayments can avoid mortgage default by considering the following.

Contact your lender
Lenders are generally willing to work with you through financial hardship. Don’t be afraid to contact your lender to discuss your situation and find out what options are available for you. Lenders are often willing to negotiate short-term variations to repayment schedules that both parties can agree to. However, make sure that you do not agree to unrealistic repayment conditions that cannot be met.

Many Australian banks are offering a six-month deferral on mortgage repayments (including interest) for customers who are experiencing financial hardship as a result of COVID-19. If this is you, contact your bank to see if this is an option.

Apply for a hardship variation
Mortgage holders may be able to change the terms of their loan or temporarily pause or reduce their repayments under a hardship variation. A hardship variation can still be requested after you receive a mortgage default. To apply for one, contact your lender’s “hardship officer” and tell them that you wish to change your loan repayments due to financial hardship. This will usually require you to explain why you are struggling to make payments and to estimate how long your financial problems will continue to determine how much you can afford to repay.

After submitting a hardship variation request, your lender must contact you within 21 days with the outcome of your request. They may ask you for more details regarding your request; in this case, they must contact you again within 21 days from when you provide the additional information.

Consider selling your home
Selling your home is a tough decision, but in some cases this may be the better option if your circumstances are unlikely to improve. If you get to the point where your lender takes possession of your home and sells it, it’s likely that you won’t make as much as if you sold it yourself. When you sell your house on your own terms, chances are you will get a better price and avoid having to pay the legal fees passed on by your lender. Inform your lender if you decide to sell your home; they may ask for proof, such as a copy of the contract with your real estate agent or property advertisements.

Renting out your home until you can afford to make repayments again may also be an option if you are able to live somewhere else during this period.

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