The Importance of Cashflow Forecasting
Cashflow forecasting and budgeting. Two things which many businesses, especially in times of plenty, tend to put on the back burner. But why is this? After all, a cashflow forecast is a report which identifies the expected flow of cash over the short, medium and long term, and a budget reports where the management of […]
Changes to Common Trust Distributions – The ATO’s Updated Position
In 1979, s.100A was introduced into the Income Tax Assessment Act 1936 (‘ITAA36’) by the then Treasurer, the Right Honourable Mr John Howard. It’s primary purpose as explained in it’s Explanatory Memorandum, was to prevent tax avoidance by trusts via the introduction of low tax or exempt from tax beneficiaries in such a way as […]
Fringe Benefits Tax…a sleeping giant?
Over recent months it has become increasingly apparent the ATO is intent on focusing on a strict adherence to the tax law in an effort to lessen the Government’s cash shortfall created by the various COVID-19 payments. An area overlooked by many small businesses (and Tax Agents) alike, is Fringe Benefits Tax (‘FBT’). This is […]
Budget to Make a Profit
Don’t leave making a profit up to chance, join Alex as she shares her thoughts around how to guarantee making a profit.
Plan the work, work the plan
Strategic planning. When did you last take some time out of your hectic schedule to do some? Many entrepreneurs think it’s unnecessary, but is this really true. Often going through the process can help focus us in on our goals. Join Alex as she tackles the Strategic Planning question.
To SMSF or Not to SMSF? That is the Question
For many business owners, the next perceived step is to set-up a SMSF. Is this necessary? Join Alex as she shares her thoughts about the SMSF conundrum.
What’s THAT Got To Do With The Price of Milk??
Well quite a lot actually. Milk has always been one of the goods used as an indicator of the overall cost of a household’s food shop. An increase in milk as an indication of an overall increase in food. We go through quite a lot of milk in our household. With two children (one of […]
Business Structures
With an array of different business structures available in Australia, what are they and which one or combination of ones will suit you the most? In this video Alex runs through the basics of business structuring to start you on your journey.
Business 101
Quite often when we start up a business it’s because we are good at something. What we tend not to consider is the actual “business end” of running the business. In this video, Alex goes through a few of the key considerations when starting up your new venture.
Tricks and Traps of Asset Purchases
Often little thought is given to how an asset is to be financed when it is purchased, but it can cost unnecessary dollars in tax if done incorrectly. Watch Alex as she shares a few tricks and traps when making your next purchase.