When parties have a contract in place, there may be circumstances where the parties wish to amend the contract where appropriate as it may no longer reflect the agreed positions of the parties to the agreement. This includes changes to the original contract’s terms, clauses, sections or definitions.
It is increasingly common for businesses to utilise a Software as a Service (SaaS) model for their products and rely on cloud-based software in their operations. While the benefits of SaaS are widely acknowledged (reduced cost, scalability, integration and maintenance to name a few) there can also be complications in detailing the rights and responsibilities of customers and service providers. It is therefore very important that SaaS providers have a SaaS agreement in place.
It is time to get on top of your business financials as the new financial year begins so you can implement your business goals for the upcoming year. To ensure your business is healthy: actively review your business’ financials (including your cash flow). It may also be beneficial to see a financial planner to get a holistic view of finances, tips and advice to help set your financial goals and develop strategies to reach them.
If you’re a business owner, you must ensure that you complete and lodge your income tax returns whilst meeting the superannuation requirements. With small businesses, it is essential that you check what record keeping and other tasks need to be completed. For instance, profit and loss statements to show a summary of income and expenses, conducting a stocktake, summary of your record of debtors and creditors, etc.