How many conversations have you had this weekend about the Federal Government's Emission Trading Scheme and the leadership challenges within the Federal Opposition? If only they could utilise the hot air being generated by these subjects, we would have an excellent (and non-carbon emitting) alternative energy resource!
Back to the real world, however, and Part Time Professionals is delighted to support Father Chris Reilly the founder of Youth Off The Streets who is speaking at a breakfast for our sponsored business association, Pittwater Business Limited, this Wednesday 2 December. For anyone wishing to attend, simply click here.
Youth Off The Streets is a community organisation working for young people who are chronically homeless, substance dependent or recovering from abuse. Youth Off the Streets support these young people as they work to turn their lives around and overcome immense personal traumas such as neglect and physical, psychological and emotional abuse. Hearing these kids' stories really puts the newspaper headines into their proper perspective.
This edition, we thought we'd provide some background behind Australia's official unemployment statistics (so, can you trust the numbers?); a word of advice to business owners and directors before you go on holidays; and a public relations perspective on marketing post the GFC.
As this is the last newsletter before Christmas, together with Jennifer, Yvette, Brenton and the team at Part Time Professionals, I wish you all the Very Best for Christmas and the New Year. We would also like to thank you for all your support throughout the year.
Our offices will be open until 24 December and will re-open 11 January. We know that business doesn't stop over this period so for any after hours assistance or urgent requirements, our office lines will still be operating on 1300 79 1946 throughout the break. We will attend to any queries.
In October 2009 Australia's official unemployment rate increased slightly to 5.8 per cent. Of the 24,500 new jobs that were created during the month, 21,500 were part time.
This is good news for those companies, like Part Time Professionals, who have been advocating the value of part time resourcing for years - even before it became a financial necessity for many businesses. But how reliable is this official data and where does the Federal Government gets its numbers from?
Craig James published an article in Smartcompany this month that explored the question.
Monthly labour force estimates are compiled by a survey. Each month the Australian Bureau of Statistics survey people from 29,000 dwellings, and some hotels and motels, to gauge the sample. How small is that sample? The ABS says that it covers 0.33% of the population. That is, one third of one percent.
And it is this small sample that policy makers, such as the Reserve Bank, rely upon when making their decisions. Over 99.5 percent of the population are neither surveyed nor consulted.
The ABS therefore recommends that, instead of focussing on monthly movements in the data, that we focus on the trends. And based on these trends, hours worked have moved sideways since April.
For numbers that you can rely upon, give us a call on 1300 79 1946 and we will introduce an Accountant, Financial Controller or Chief Financial Officer to your business for both contract or part time assignments. We now represent over 280 contract Accountants, Fianancial Controllers, CFOs and other Executives Australia-wide.
"Its holiday time again. I've confirmed the flights, booked the accomodation, packed the bags...But, what have I forgotten? I'm sure there was something!!??"
Company directors often have no real understanding of the extent of their personal exposure for tax, explained lawyer Derek Hilliard in My Business magazine. Director Penalty Notices (DPNs) can be served to the directors of a company by the ATO rendering them personally liable for unpaid company taxes.
"So, what have I forgotten? That's right. I needed to redirect my mail to someone I trust whilst I'm away with clear instructions to open any correspondence from the Australian Taxation Office and let me know of any issues. Not a problem. I'll just give my part-time CFO from Part Time Professionals a call to organise... Another cocktail please, waiter!"
When and how should you promote your business in the aftermath of the GFC? Although there is never ‘one size fits all solution’, Dennis Rutzou from Dennis Rutzou Public Relations has a few suggestions for our readers:
There has always been a popular belief that the most prudent approach to an economic downturn is to cut all expenditure, but most specifically, marketing costs.
About Part Time Professionals
Part Time Professionals™ is wholly owned and operated in Australia. Our principals together have over 40 years experience in public accounting and as CFO's and Directors in multiple companies - both listed and unlisted. They are members of the Institute of Chartered Accountants in Australia, CPA Australia, the National Tax Agents Association, the Australian Institute of Company Directors, the Financial Executives Institute and the National Institute of Accountants.
Our aim is to help companies source the most experienced CFO, executive and corporate accounting talent, in the most cost-effective way!
In short, we provide both contractors and part time Accountants, Financial Controllers, CFOs and other Executives to businesses throughout Australia.
We are constantly updating our website, so take a look at www.ptprofessionals.com.au for more information or call us on 1300 79 1946 to discuss your needs.
Phone 1300 79 1946 | +61 2 9973 3179 | firstname.lastname@example.org
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