Commercial disputes can be time consuming, costly and damaging to the long term reputation and success of your business. If it comes to it, commercial disputes can be resolved in a court of law with the aid of commercial lawyers. However, there are better ways to resolve disputes if you’re willing to be reasonable and talk things through with the other party.
Alternative dispute resolution, or ADR, is a method of dealing with commercial issues without going through the courts. They usually involve the use of a third party (such as a decent lawyer) who will act as the go between for you and the other party involved in the dispute. If problems can be worked out using ADR, you will probably save yourself money, time and a lot of bad press.
What Types Of ADR Are There?
There are a number of different types of alternative dispute resolution that can be used according to your circumstances. In some cases, more than one type of ADR can be used. The most common methods in Australia include:
Mediation – Commercial dispute mediation involves the used of an impartial third party mediator who can work with both parties without vested interests. A mediator’s job is not to make agreements or discuss terms with both parties, but to act as a go between and to facilitate discussion.
If you are starting an online business one of the first tasks you will need to complete is choosing a web hosting company for your website. The hardest part of this process is the fact there are so many hosting companies to choose from, and it can become confusing comparing all of them in order to select the one that is right for you.
To help you make that decision here are seven features which you want to ensure are available and up to the standards you would expect any reputable hosting company to offer.
You will often find hosting packages that only allow one or two domains to be hosted on your account. Even if at this point you don’t think you will ever need another domain, as your business expands it could be that you do. The wise move is to have a hosting package which allows you to host unlimited numbers of domains.
While it can be tempting to leave all of your bookwork and financial record keeping to your accountants, Accountants Perth advise that this is a very dangerous trap to fall into. In the short term, it might seem easier to have your accountant look after it all for you. However, in the long term it may end up costing you a lot more money than it saves you.
You should therefore consider doing your bookkeeping yourself, especially if you run a small business. Doing your own bookkeeping requires some sort of professional accounting software. While there are plenty of free accounting programs out there, we believe that it is always worth paying for a decent program. Out top 3 reasons why you should always pay for your accounting software include:
- Paid software will be up to date:
Australian tax laws are constantly changing, and it is important to stay on top of them if you want to remain compliant. While free accounting software may seem like it is doing the job, it may not remain up to date, and may miss important information regarding updated tax laws.
However, when you buy an accounting package, you are paying to have something which is up to date, compliant with Australian law, and easy to understand. This reduces your risk of missing something important when you are keeping records during the year, and should help you remain compliant with tax laws.