5 Key Things to Look For When Buying a Business
Why it’s never just about the usual numbers Recently we raved about the beauty of small business in Australia. So we thought we might follow up with a look at what you need to think about if you’re looking to join the ranks of Australia’s small business owners....
The state of small business in Australia
5 things to consider if you’re left wanting more If you run a small business, chances are you’re running a micro-business. But what exactly does that mean and how do you measure up? It’s one of those things that everyone wants to know, but is afraid to ask. Today, I...
Is it time to review your business’ overhead expenses?
It almost doesn’t matter whose research you read at the moment, if you’re a business owner, it’s likely that you’re going to be in for a couple of challenging years. Hot off the back of Covid, we’re seeing revenue growth slowing, cash flow taking a bit of a nose dive...
Time to talk tax
And this year’s tax returns So it’s July - the traditional season for tax return requests to start flooding in at your local accountants’ offices. And this year is no different. In fact, this year, we’ve seen even more requests than usual now that all those interest...
The latest rate changes
Let’s look at what’s going up first. Pay rate changes Both the national minimum wage and the award minimum wage increased by 5.75%. Both will apply Monday, July 3. So if you haven’t geared up for the coming pay periods, best get onto that asap. Super guarantee rate...
5 ways to embrace AI in your business
Why AI is not all doom and gloom Unless you’ve been hiding under a rock for the last year or two, chances are you’ve seen lots written on AI (aka artificial intelligence). Amidst the angsty predictions that AI will usurp humanity’s place in the world, doing us all out...
Fringe Benefits Tax (FBT)
It pays to understand what FBT is, how it works and when it’s triggered Last blog we wrote about the perils of taking poor advice, especially towards the end of the financial year when everyone’s keen to make their sales numbers or dispose of a little bit of cash in...
EOFY write-off for expenses in small business
But beware of poor advice Now we’re in May, everyone’s prepping up for end of financial year. There was even a recent budget to go with that. Now, many small business owners around the country are looking at their profit and loss and deciding if they’re in the red or...
Tax Audits FAQ
Everything you need to know, but were afraid to ask Over the last couple of years, we as accountants, as well as the accounting industry as a whole, have noticed the ATO has been ramping up their tax audits, including those of small businesses. In part it’s because...
