Does your business structure maximise your tax opportunity?

CraigBusiness Structures

Does your business structure maximise your tax opportunity?

Aside from causing operational pain, the wrong business structure can cost hundreds of thousands of dollars over the life of your business. However, choosing the right structure can maximise tax opportunities and minimise risk, ultimately contributing to the financial success of your business. Getting the right business structure in place is one of the biggest business decisions you can make … Read More

5 Signs your business structure is wrong for you

CraigBusiness Structures

Choosing your business structure is one of the most important decisions you’ll make as a business owner. Choosing the right structure can maximise tax opportunities and minimise risk, ultimately contributing to the financial success of your business. Aside from causing operational pain, the wrong business structure can literally cost hundreds of thousands of dollars over the life of your business. … Read More

How to navigate small business growing pains

CraigBusiness Structures

The growth phase for small businesses, while exciting, can be one of the hardest to manage. But with some smart technology and clever processes, growing your small business can be an exciting transition. There’s a new set of challenges to navigate for every hope of a self-sustaining business. This is the phase when you have a product or service your … Read More

Is your business ready for EOFY?

CraigBusiness Structures, General, Tax

While most people would assume we’re pedal to the metal for tax time, it’s pretty much business as usual. We’ve been discussing tax planning with our clients over the past 12 months. Sure, we’ll give them a gentle reminder to pay super contributions before 30 June, including any additional super contributions for the year, but really, it’s just like any … Read More

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