We have been working on exciting new projects over the past month. Not only do we have a completely renovated (and expanded) head office, we have also been working with some of our good friends and business partners, to create a series of insightful and informative content to help you along your business journey. Don’t forget to subscribe to our … Read More
Overcoming business growing pains
The growth stage of every business, while exciting, comes with challenges. When revenue increases and more customers are putting trust in your product or service, common growing pains start to arise that businesses must tackle. Cash flow and financial management Increased revenue doesn’t necessarily mean good cash flow. Managing a higher stream of cash flow is often challenging for … Read More
Does your business structure protect your personal assets?
If you’re running a business or building personal wealth, don’t go risking it with the wrong legal structure. As a sole trader or an individual partner in a partnership, your personal assets are completely exposed to business liabilities and asset protection is recommended for every business owner. Most people believe the easiest way to protect their assets is to set … Read More
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
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
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?
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.
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
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)
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
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