Categories
Financial

Navigating Tax Season: Tips for contractors

This webinar is designed to equip you with essential strategies for effective tax planning tailored specifically for contractors. We will discuss how to maximize your deductions and minimize your tax liability, ensuring you keep more of your hard-earned income. Additionally, we’ll provide practical advice on avoiding unexpected tax bills and navigating the complexities of tax season with confidence. Looking ahead, we’ll explore proactive tax planning techniques to prepare for the upcoming year.

Categories
Professional

Have your say: How is AI really changing the way we work?

There’s a lot of noise out there about AI changing jobs – but we’re more interested in what’s actually happening for people like you, who are working on the front lines of industry change.

We’re running a short survey to understand how contractors and professionals are experiencing (or not experiencing) shifts in work, roles, and required skills as AI and automation become more common.

By taking part you’ll:
✔ Help us bust the hype and understand what’s really going on
✔ Receive early access to our AI & Workforce Trends Report
✔ Go in the draw to win a prize valued at $500, as either a Visa gift card or as a charitable donation to a cause you’re passionate about.

Please note: as a lot of our questions relate to a role or workplace, please answer according to your most recent role.

Take the survey here.

Thank you for lending your perspective, it helps us keep our advice real, relevant, and grounded in what people are actually experiencing.

Categories
Professional

Learning with go1

We’re excited to introduce go1, the new eLearning platform for ENGAGE users! go1 gives you access to a wide range of training courses designed to boost your skills and help you prepare for certification exams. It’s a great way to invest in your professional growth, anytime and anywhere.

Click here to request access to the ENGAGE go1 portal

Categories
Mental

Headspace

Headspace is an app used by over 62 million people proven to reduce stress, improve focus and happiness. Get free access to Headspace for one year thanks to ENGAGE.

Click here to Redeem this offer

Terms and Conditions:

If you are currently on contract with us, complete the form to apply for a year’s subscription to Headspace.
Annual subscription will automatically renew while you remain on contract with us or until you opt out.
Should you not activate your account within one month your invite link will expire.

Categories
Financial

How to complete myTax: Tips for contractors

At Talent, we understand that tax season can feel overwhelming – especially for contractors. That’s why we’re sharing an informative video from the Australian Taxation Office (ATO) that explains how to include labour hire payments for personal services income when using myTax.

Check it out here:

Key things to consider

  1. Understanding income types: It’s essential to determine whether your income is classified as personal services income or business income. Personal services income is typically a reward for your individual efforts or skills, which is relevant for those under a labour hire arrangement.
  2. Entering expenses: Be sure to enter any expenses related to your personal services income. This ensures that your net income reflects your true earnings.
  3. Double-check your entries: Before submitting your return, always verify that your income and expenses are accurately reported. This step can help you avoid mistakes and ensure compliance.

Watch the video

We encourage you to watch the video here for a step-by-step guide tailored to your situation. Understanding these processes will help you navigate myTax with confidence.

Categories
Professional

Navigating the 2025 market

Our experts covered their market predictions, top salaries and skills, and answered your questions for regions across Australia and New Zealand in an exclusive webinar for our ENGAGE members.

If you missed the webinar, or would like a refresher, you can watch it HERE.

Categories
Financial

Mastering Cash Flow Webinar

In this informative session, we will explore essential financial concepts crucial for your success. We’ll begin with Budgeting 101, providing practical insights on where to start and how to create an effective budget tailored to your needs. Next, we’ll emphasize the importance of conducting a comprehensive expense audit to identify savings opportunities. You’ll also learn valuable techniques for managing your cash flow effectively, along with strategic advice on where to save, spend, and invest wisely.

Join us to gain the tools and knowledge necessary to enhance your financial management and drive your business forward.

If you missed the webinar, or would like a refresher, you can watch it HERE.

Categories
Financial

Deep dive into novated leasing with Flare

Everything you need to know about how a novated lease works, including bundling your costs for easier money management.

Our partners at Flare walked us through the Novated lease process on Wednesday the 18th of September, 2024.
If you missed the webinar, or would like a refresher, you can watch it HERE.

Categories
Physical

Ways to stay fit in the workplace

Have you ever considered how long you spend seated during your 9-5 working day? Chances are, it’s the majority of your time in the office. So, when the 3 o’clock slump rolls around, you’re probably truly feeling it. With the proven benefits of exercise being increased productivity and improved mental wellbeing, why isn’t fitness in the workplace more commonplace? Let’s explore what you can do to stay fit at work:

1. Two is better than one

Join a group activity in your workplace or get one going yourself and turn it into a social event. Maybe it’s a morning run club or maybe a meditation session – not only will this strengthen your social ties with others in the office, but it will also drive a culture of wellness and fitness. Team activities, like boxing or indoor soccer, are also great ways to let off some steam and relieve workplace stress. Plus, the added motivation of a group setting will give you and your peers the push to achieve your fitness goals. 

2. Walk the talk

Sitting down for hours on end in back-to-back meetings can be tiring and mind-numbing. So, why not change it up a bit? Take the meetings to the outdoors! A walk in the fresh air will not only make for a more relaxed setting, but will also help you maintain a clearer mind, helping you make better decisions. These unconventional meeting styles can help you to keep on point as well. Being more alert and focused during your 9am meeting never went astray. Plus, the fitness benefits can’t be overlooked. Smash out your work goals while smashing out that workout – it’s a win-win! 

3. Rise to the challenge

Who doesn’t love a little competition? Fitness challenges and comps are a great way to bring a little joy to a workout – which is never a bad thing! Forming a workplace futsal team that plays competitively, or signing up for a fun run are great ideas. With the support of an entire office behind you, what more motivation do you need?

4. Think outside the square

Take the lead and get creative! Maybe it involves getting a few colleagues together to go for a walk during lunch, or signing up for an exercise class together. You just need to start somewhere. Momentum will build up, and soon the whole office will be on board.

Categories
Mental

How to look after your mental health while contracting

As a contractor, you are constantly on the move. In amongst deadlines and projects, looking after your mental health can often take a back seat.

Here are some tips that can help you manage the challenges associated with contract work and put your health and wellbeing first.

1. Managing the irregularity of contract work

While contract work comes with great flexibility and an exciting pace of change, the irregularity of the work can also be source of stress. Particularly, when you’ve got financial and family obligations to look after. It’s difficult to achieve a balance, give each contract your very best and prepare at any time to start looking for new opportunities.

Here are some tips to help manage this:

  • Have an open dialogue with your employer, and don’t be afraid to ask for a status update on your contract. Gaining clarity can help you plan ahead and minimise stress.
  • Keep an eye on the market. It’s worth having a good relationship with a recruiter who specialises in contract roles, so that you’ll be top of mind for any opportunity that might arise.

2. Coping with long hours and strict deadlines

Although being a contractor gives you more flexibility and control over your hours, leaving work ‘on time’ isn’t always possible. Busy periods, tight deadlines or team expectations can lead you to feel the need to go beyond standard hours. This can start to impact your health and throw any concept of work-life balance out the window.

How do you stay afloat when you feel like you’re drowning in work?

  • If working overtime becomes the norm rather than the exception, or you need more flexibility, remember you are in control of your own hours as a contractor. Have a chat with your manager or supervisor about your concerns and what you want to adjust your hours to. Assuming they’re human, they should get where you’re coming from.
  • Try and minimise the number of meetings you have and block out periods in your calendar where you can work uninterrupted.
  • Make sure you have the right tools to work efficiently. If not, don’t be afraid to ask.

3. Taking time out

The question of taking leave is a common struggle when it comes to short-term work, as many contractors feel as though they are not in a position to ask for a break. Plus, if you’re paid by the hour, it’s difficult to make the decision to take unpaid leave.

According to Beyond Blue, one in five Australians (21%) have taken time off work in the past 12 months because they felt stressed, anxious, depressed or mentally unhealthy.

Taking regular breaks is essential for your mental wellbeing. Here are some tips for managing time away from your screen:

  • Albeit unpaid, as a contractor you are entitled to ask for leave. While it may not be possible to take a month off in the middle of a major project, you can ask your employer for some time to refresh. We’re all human and sometimes we need that break to get away from the hustle and bustle of our daily lifestyle.
  • Take regular breaks during work hours. Whether it’s getting fresh air at lunchtime or moving around your workplace every hour or so, this will improve your wellbeing and help you stay focused and productive.
  • Use the time between contracts to recharge your battery. Just let your consultant know when you are available for the next job and they can continue looking for your next opportunity while you’re putting your feet up.

4. Setting healthy boundaries

As a contractor, it’s natural to want to go above-and-beyond your employer’s expectations, particularly if you are hoping to pick up additional work within the organisation.

It’s not always easy to say no, especially when you are relatively new to a company and there are big expectations for what you can deliver.  However, you have a right to set work limits when the demand exceeds your capacity for what you can take on and deliver. But how can you do this without limiting your opportunities?

  • Remember that it’s okay to say no. If you’re being asked to take on additional tasks, explain how this would affect the project you’re working on. For example, “if I spend my time on X that will delay our project by Y.”
  • Limit the amount of work you do at home – including responding to phone calls, texts and emails. Successfully switching on and off from work will help you de-stress and sleep better.

5. Finding support

Most companies now have contractors as a major part of their overall workforce, and this trend will only continue to increase. It is currently estimated that 30% of Australian employees are contingent workers. Even though contracting is becoming more common, there is still a huge gap between the benefits offered to contract and permanent workers. Whether it be social activities, wellness programs, skills development schemes or general support, it can often feel like you’re missing out as a contract employee.

How can you gain access to support and development schemes?

  • Build relationships with your colleagues offline. This gives you a chance to interact with your team and build up a support network. Plus, a temporary colleague could still be a friend for life.
  • Reach out to mental health and support organisations such as Beyond Blue and R U OK?
  • Talent contractors have access to our Employee Assistance Program, LifeStreet. Contact us for more information.