Once your business is up and running, you need to identify and understand what works and what doesn’t. Owners need to take a step back and be strategic about how and when they should grow their business. Opportunities for business growth can be exciting, but turning an idea into a practical reality takes careful research, […]

Australian taxpayers should be aware that some promoters claim to offer early access to super savings by transferring a person’s super into a self-managed super fund. These schemes are illegal and heavy penalties will apply to those who participate in such schemes. Generally, individuals cannot access their super until they retire or meet a condition […]

Businesses with a GST turnover of less than $20 million who have not been asked by the ATO to report their GST on a monthly basis can report and pay their GST quarterly. Businesses who report and pay their GST quarterly have three reporting options: 1. Calculate and report GST quarterlyThis option allows businesses to […]

Office productivity is not a sprint; it’s a marathon. And while some people are blessed with the power of concentration, most of us aren’t. By the time the workday starts winding down, a person’s willpower badly needs replenishing. That’s why it is so hard to finish the day as strong as it was started. Luckily, […]

Make sure you don’t ever have the wool pulled over your eyes by staying organised, up-to-date, and keeping track of all your paperwork. As some small businesses may have experienced, it can be easy to fall victim to scams and dangers when the business paperwork is out of order. For example, some businesses last year […]

Many small business owners who run a family business and are nearing retirement face the significant decision of whether to include their adult children in their self-managed super fund (SMSF) as part of their personal and business succession planning. Including children in a family SMSF can have a critical impact on family relationships and finances, […]

With the end of the fringe benefits tax (FBT) year fast approaching, business owners need to be aware of the FBT and gross up rates when preparing for their FBT return. The FBT rate increased from 47 per cent to 49 per cent from 1 April 2015. The rate increase was due to the introduction […]

SEO (search engine optimisation) is a methodology of strategies, techniques and tactics used to increase the number of visitors to a website by obtaining a high-ranking placement in the search results page of search engines like Google. SEO strategies vary from what businesses can do to their website (on-page SEO) to improve its ranking, to […]

While purchasing property through SMSF lending is becoming increasingly popular, the requirements and restrictions around the borrowing strategy can be quite stringent. SMSF lending for property investment can become complicated due to the strict borrowing conditions known as a limited recourse borrowing arrangement (LRBA). Borrowing from your superannuation can allow for greater SMSF portfolio diversification […]

Employee absenteeism can create an unhealthy business culture and burden your workplace with lost productivity and high replacement costs. It can become a sensitive issue for employers to deal with and when not managed properly can escalate into a chronic issue frustrating both employers and other staff members who do the right thing. Here are […]