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Top contractor tips, ideas and news in the industry.

The Contract Life promotes and helps contractors grow their careers by providing the best hand-picked tips, trends and news to maximise their potential.

Long Service Leave in the Construction Industry

Long Service Leave in the Construction Industry

Are you someone who works in the construction or building industry? If so, then good news! You may be eligible for long service leave as an employee in the construction and building industry. What is long service leave? Long service leave refers to extended period of...

Understanding Industry Awards

Understanding Industry Awards

Industry awards (also known as modern awards) are a key type of legal document that must be understood in relation to having your own employees. This is essentially a legal document that sets out minimum employment conditions in addition to the National Employment...

EOFY Business and Tax Tips

EOFY Business and Tax Tips

Practical Tips for End of Financial Year (EOFY) at 30 June Running a small or medium-sized business may result to you having no time to plan. But with the end of financial year just around the corner, it's imperative that you should look at tax planning strategies to...

Federal Budget 2017 – How Will It Benefit Us?

Federal Budget 2017 – How Will It Benefit Us?

THE 2017/2018 FEDERAL BUDGET On Tuesday 9 May 2017, the treasurer released the annual budget for 2017-2018. The federal budget includes the expenditure and revenue estimates for the next three years and shows what the governments social and political priorities are...

Does your business require Workers Compensation Insurance?

Does your business require Workers Compensation Insurance?

Does your business require workers compensation insurance? You will be quite surprised that worker’s compensation is a big deal for small business owners. There are not many insurances that are compulsory for businesses. Workers compensation however is compulsory if...

Purchasing a Company Car

Purchasing a Company Car

Should you buy a Company Car Buying a car under the company normally allows for a healthy GST refund and tax savings. However, there is a common misconception that buying a company car will result to huge savings in tax. The rule is you are entitled to claim a...

ATO Guide for Small Businesses

ATO Guide for Small Businesses

ATO Guide for Small Businesses Here is a great guide for small businesses and contractors which goes through in detail all the tax obligations and entitlements of small businesses. We think it is a hidden gem and its actually hard to find now as it was an old guide...