Spotlight on Tradies: Issues affecting trades people in business. What you need to know.

StuartBusiness Process, Business Structures, Uncategorized

Long hours and physical demands characteristically common of tradespeople, often sees financial and business obligations not given the right amount of attention. As a result, in correct structures, missing legislative requirements and licences and paying penalties can play havoc with cash flow and hamper the path to success. Below we’ve outlined some common pitfalls many tradies face in business. Employee … Read More

Save yourself a fortune with the right business structure

CraigBusiness Structures

While not set in stone, choosing your business structure is one of the most important decisions you’ll make as a business owner. It will depend on many factors, for example, the type of business you have, whether you plan to hire employees, join forces with a partner and how you plan to develop your business in the long term. As … Read More

Spotlight on: Employees and compliance (Guest Blog from Cooee)

StuartBusiness Structures

Would you be surprised to hear that almost 80% of SMEs in Australia do not have legally compliant employment contracts and workplace polices? Are you in the 20%? Employment agreements and policies work together to clearly define the expectations between employers and employees. Basically if you don’t specifically set the rules and standards in your policies – there are no … Read More

How the wrong business structure can cost you millions

StuartBusiness StructuresLeave a Comment

  Getting the right business structure in place is one of the most important business decisions you can make throughout your business lifecycle. Unfortunately, without the right business advice it can be an easy mistake to get your business structuring wrong. Aside from causing operational pain, the wrong business structure can literally cost hundreds of thousands of dollars over the … Read More

Staff Status: Contractors vs. Employees

DarnelleBusiness Structures, GeneralLeave a Comment

The status of your staff is an important distinction. Whether they are employees or independent contractors, both have consequences for the worker and the business owner.   An employee can seem to be set up in the workplace in a similar way to a contractor, but generally employees are supplied with all they need to do their job, don’t make … Read More

The benefits of buying an existing business

DarnelleBusiness Audit, Business Structures, GeneralLeave a Comment

Buying an existing business can be a great opportunity to hit the ground running and avoid the disadvantages of starting from the ground up. In a majority of situations, buying an existing business is considered a safe option. You acquire a business that already has a loyal customer base, regular cash flow and hopefully goodwill associated with the business name. … Read More

Landed a big contract? Call your accountant.

DarnelleBusiness Structures, GeneralLeave a Comment

Landing a big contract is great news for you and your business. But before you pop the champagne cork you’ve got some thinking (and talking) to do. Increased business = Increased risk. Growing your business means your business increases in value, which also means an increase in risk. Getting the right business advice is crucial when any significant changes happen … Read More

Landed a big contract? Call your accountant.

DarnelleBusiness Structures, GeneralLeave a Comment

Landing a big contract is great news for you and your business. But before you pop the champagne cork you’ve got some thinking (and talking) to do. Increased business = Increased risk. Growing your business means your business increases in value, which also means an increase in risk. Getting the right business advice is crucial when any significant changes happen … Read More

Business structures: 4 things every business owner should know

DarnelleBusiness StructuresLeave a Comment

Starting a business is literally building something from the ground up. When you start you need a solid foundation (your business plan) and a structure to build on. Start-ups and businesses that forecast growth or substantial change need to carefully consider their business structure, as it’s much easier to start the right way, than have to change halfway through operation. … Read More