Blog
Are you thinking of buying an existing business? Before you pop your celebratory champagne, remember that buying an established business is a big commitment of time, money and energy. Buying a business and reducing the risk Averting the risk when... Read more
An entrepreneur lives for the struggle of launching their business. But an often forgotten fact is; decisions made in the beginning can have implications well into the future of the business. As it turns out, once you build the business... Read more
You started your business a few years ago and the hard work has paid off. Business has boomed, and you’ve expanded. But suddenly you’ve found yourself juggling multiple locations and a large team of people. It can seem overwhelming. But... Read more
We’re coming to our most favourite time of year! Tax time! (Not really, but as accountants most people generally assume we’re pedal to the metal). But at 542 it’s pretty much business as usual. We’ve been discussing tax planning with... Read more
Super and more specifically Self Managed Super Funds are complicated and always changing. At the moment we’re hearing a lot of industry chatter around leveraging super savings to invest or buy property. SMSF borrowing arrangements and investment rules and regulations... Read more
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... Read more
has come a long way in recent years. It is no longer necessary to spend long hours filling in excel spreadsheets and manually counting parts and products. For any business operating from even a modest inventory, getting the basics right... Read more
As the Treasurer foreshadowed, this is a highly targeted budget with most spending measures targeting productivity gains. Highlights included: Tax rate for small businesses (under $2m turnover) cut to 28.5%. Franking credits still deemed to be 30%! 5% discount (paid... Read more
Did you know the Australian Taxation Office (ATO) operates a scheme that allows importers to defer GST on imported goods? Before you get too excited The Deferred GST Scheme covers GST only. It doesn’t impact customs duty, which must still... Read more
If you want your business to work smarter and faster, cloud accounting software and specifically Xero is our recommendation. Xero’s cloud based system will not only give you a better overview of your finances but will improve collaboration with your... Read more
