Blog

Most people prefer to buy an existing business rather than start from scratch. They see it as a much safer option as they’re acquiring a business that already has a loyal customer base, regular cash flow and hopefully a solid amount of goodwill, especially with certain franchises. It is necessary to undertake the minimum amountRead more

As a small to medium business owner you’d have experienced at some point the overwhelming need to be present or available whenever the business required you. This in turn would leave you with less time for yourself and to give up other things that are important to you, including family and friends. There are peopleRead more

People often think of the Australian Taxation Office (ATO) as the big bad wolf on the prowl come the end of the financial year. And taking a third-person perspective, some would say the ATO has the view of “what’s yours is mine, and what’s mine is mine.” In translation… “Everything belongs to me” – whichRead more

How can you promote your business online? What resources are available? What market do you fit in and what are the advantages of having an online presence? Our society’s reliance on technology is exponentially increasing and the internet can offer many opportunities for your business to present itself to the market. An online presence canRead more

The new Working Holiday Maker / Backpacker Tax There has been quite a bit of media coverage on the proposed ‘ backpacker tax ’, formally known as the ‘working holiday maker reform’ since the 2016 budget was introduced. Now that the backpacker tax has received royal assent what are the legislated changes and how willRead more

The humble office Christmas party…. A time and place to be merry, eat, drink and possibly engage in regretful behavior and/or make a d*@k of yourself. (Have I said too much?) After recovering from the ensuing hangover and glancing at the bill for said frivolousness you might ask yourself, “Did my staff really drink thatRead more

In May this year the estimated market cap of a four-year-old social media upstart call SnapChat quietly became equal to that of the 146 year-old business giant Deutsche Bank, the largest foreign exchange dealer in the world. While the two brands operate in vastly different spheres, the comparison highlights a rate of growth that wasRead more

You’re a retail business. You buy something at a specific price, then you sell it for a specific (hopefully higher) price. You might even add value, like turning raw materials into finished goods. Or maybe you simply rely on economies of scale for your sales margins, buying cheaper in bulk and selling singularly at aRead more

Taxpayers who are registered for GST must report their tax obligations to the ATO on a Business Activity Statement or BAS. Depending on the turnover of your business you have the option of reporting and paying your tax obligations on an annual, quarterly or monthly basis. When you register for GST it is important toRead more

EMPLOYER OBLIGATIONS Employer obligations are an ongoing consideration for business owners and their employees – with ways to improve efficiency in meeting these obligations continuing to evolve. In regards to understanding your employer obligations and rights as an employee – I’ll briefly touch on what Australian law has put in place and how to properly manageRead more