Solutions For Common Business Problems
Plan and Relieve Uncertainty Uncertainty in the market place creates the need to focus on the present, neglecting the future needs and growth of the business. Therefore it’s important to balance short term goals with a long term approach. Short term results are just that and a business does not survive the long haul without…
Read More8 Reasons Why You Could Be Audited
Recently the ATO has recorded an all-time high for tax audits with the main focus being businesses turning over $1-$3 million dollars. Their ability to cross reference tax information declared against Workcover, Centrelink, Department of transport, Super funds, Banks and other Financial Institutions has increased in leaps and bounds. What can trigger an Audit? 1). …
Read MoreHow To Comply With Tax Laws Whilst Living And Working Overseas
Living and working overseas? Every year thousands of people travel abroad for either an adventure filled working holiday or for the chance to further their careers, however questions around Australian tax laws and what applies to people are often unknown. How do I know if I’m an Australian resident for tax purposes? There are four…
Read MoreHow To Use Your Businesses Terms and Conditions To Your Advantage
What are your businesses terms and conditions? Here is some advice on business terms and conditions. For example, 60 day terms has been a growing trend for several years now and one that should be approached with caution. Ideally, 60 day terms, should be provided to those clients who have proven to be responsible with your…
Read MoreHow To Build Great Customer Relationships.
Are your customer relationships solid? Some advice about building better customer relationships and why to make it integral to your business. Treat people the way you want to be treated! A motto many of us live by. So put yourself in the shoes of your customers. Would you be happy with the service, relationship or…
Read MoreChoosing An Accountant For Your Business
What is the role of a Bookkeeper? Cash flow in a small business is what we live by and accurate record keeping is the key to decision making and future growth plans. So why use a bookkeeper over an accountant, or be your own bookkeeper. After all the role of bookkeeper is to generate data…
Read MoreBuilders Tax Obligations
Taxable payments annual report. Taxable payments in the building and construction industry. Since 1st July 2012 businesses in the building and construction industry have been obligated to report to the tax office the total payments made to contractors for the financial year by submitting a ‘Taxable payments annual report’. Businesses in the building and construction…
Read More5 Tips for Small Business on Business Debtors
Do you follow up overdue accounts? Tip 1: It always amazes me as to how many people neglect to review their businesses debtors list and chase up any overdue invoices. If you’re a one man/woman show so to speak, then you will know that sending out and following up on invoices is time consuming, especially…
Read MoreTop 2 Facts For Self Managed Superannuation Funds (SMSF)
Goals for Self Managed Super Funds. Invest in the most tax efficient manner possible; Keep some level of control. Gain asset protection. SMSF Observation. Many clients have little understanding of Superannuation, are scared of legislative change and feel they have little or no control over their second biggest asset other than their home. Fact 1:…
Read MoreHow cloud-based solutions are saving small & medium businesses time and money…
It took longer than expected, but businesses around the world are beginning to embrace the potential in cloud technologies and are taking full advantage of the savings these technologies offer their businesses. Recent research shows that the uptake of cloud services in small to medium business has more than doubled in the last 12 months.…
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