A client who runs his own engineering business came to see me last week. Barry was in a bit of a state. He told me it had suddenly dawned on... read more →
Most small business owners would love to be able to offer their more valuable employees a pay raise. Increasing an employee’s pay is likely to reduce staff turnover, increase job... read more →
In this current economic climate, many small businesses have seen a change in their ability to borrow funds from their bank. With banks conducting careful research to determine a business’... read more →
It is essential for all small businesses to have an effective record keeping system in place. Having your records in good working order will significantly reduce the stress that comes... read more →
The Budget has announced it will cut the corporate tax rate by 1.5 per cent for small businesses with an annual turnover less than $2 million. For small business, this... read more →
The Budget has introduced a number of measures for small businesses designed to revive investment and support entrepreneurship and startups. Tax cuts The Government has followed through with its announced... read more →
There are four CGT concessions that can be applied to the sale of small business assets. These concessions can be extremely effective in reducing your tax liability. It is in... read more →
Effective and reliable record keeping is extremely important for small businesses. Maintaining organised records will help you to meet your tax obligations and will be extremely helpful in the event... read more →
There are some capital gains tax (CGT) concessions available to small business owners that can be used to minimise tax liability when you dispose of assets. These CGT concessions can... read more →
Recently appointed Taxation Commissioner, Chris Jordan, is striving to see the ATO reduce red tape for small business owners. The aims include: • Providing more targeted, accessible and reliable services... read more →