Every owner or manager has goals for their business and will usually set targets to achieve them. Properly set targets give meaning and purpose to daily activities and without them there can be a lack of motivation and direction among staff. The challenge is to set goals and targets that are right for your business.Read more
With state of the art data matching capabilities, the Australian Taxation Office (ATO) is casting a wide net in the 2017 year. Some of the areas that appear to be on the hit list are summarised below: 1. Work Related Expenses Performing analytics the ATO will use various benchmarks to compare taxpayers to other taxpayersRead more
We usually profile a client of the firm. However, in 2016 one of our directors, David Young, joined the Board of the Tangalooma EcoMarines Foundation. David is excited about the work being undertaken by the charity and its potential to inspire school children and the community at large. We thought it was time to shineRead more
No matter how small you may think your business is, I can assure you that many of the issues you face are the same ones faced by the bigger end of town. We deal with a wide range of businesses varying in size, whether that be measured by turnover, staff numbers or number of sites.Read more
As it stands, small business entities with a turnover of less than $2 million are taxed at a 28.5% rate (as at 1 July 2015). The 2016-17 Budget proposed a further reduction of this tax rate to 27.5% from 1 July 2016, along with a small business eligibility threshold increase to less than $10million (upRead more
“Even from our initial discussions, John was able to give me some clarity on what I needed to achieve. John has been very positive towards my goals but also pragmatic when it came to the project’s feasibility. I can’t thank John and his team enough for all they have done for me. I can nowRead more
Creating and maintaining a competitive advantage in today’s business environment requires constant innovation. New products, services and processes are necessary to acquire and grow customers and improve profitability. The “Uber” threat to the taxi industry is a good example of how an outdated business model can lose market share. How can we learn from thisRead more
A reminder for all employers to be ready for the Government’s SuperStream initiative by 30 June 2016. Under SuperStream, employers will be required to make super contributions on behalf of employees by submitting data and payments electronically in a single transaction. Related party employers are exempt from using the SuperStream process if they are contributingRead more
“David has assisted us through the first 2 years of owning the business after our succession plan implementation with great success. We really look forward to our planning meetings and it is reassuring to receive such sound advice that allows us to put into place our solid business plan.” EDSCO is one of the largestRead more
Sometimes we can all become a bit too focused on the technical skills required to do our job and run our business. We live and operate in challenging times. We face many business pressures and at the same time we, and our teams, also deal with a wide range of personal pressures. In that context, we thought itRead more
