With business expenses piling up around you, it’s easy to leave your own super contributions last on the list. While it’s law for you to pay the 9.5% of salary, superannuation guarantee for your employees, many small business owners fail to contribute the same amount (if any) to their own. New financial year. New Super strategy. According to the Association … Read More
Location, location, location: Tips to manage multiple business locations
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 with the right strategy, you can successfully manage multiple business locations. Tips to manage multiple business locations Systems run businesses, … Read More
BUDGET 2015/16: The ‘Have A Go’ Budget
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 as a tax offset capped at $1,000 per person) for individuals who receive business income as sole trader/partnership/trust. $20k asset … Read More
Landing your small business loan
Money is the lifeline of any business, so regardless of if you’re starting out or running an existing business, securing finance is important – especially for small businesses. Before you approach a lender or investor, make sure you and your business are in the best position to seek finance. Prepare and plan Your business plan should be considered, well researched … Read More