Single Touch Payroll for micro-businesses
What it means for you As you may have already heard, this year the requirement to utilise single-touch payroll services has been extended to include micro-employers (business with 4 or fewer employees). This has been in place for larger businesses for the...
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Gearing up for future changes to super
What it means for your business Crazy as it might feel, FY 2019 is almost over. And as we get closer and closer to June 30, it’s time to start dotting your I’s and crossing your t’s in preparation. That’s sorting your outstanding debtors, tidying up your...
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Liquidation – How & when to say die (but not goodbye)
Let’s be honest, not every business succeeds. It’s sad, but true. The end of 2018 saw an increase of more than 350 businesses applying for wind-up applications, as compared with figures from the previous period. But liquidation or business wind-up isn’t...
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Can you trust your numbers?
3 things to look out for before you make your next financial decision Part of owning a business is being a big picture thinker. You’re not always going to be the one crunching the numbers or spearheading the research – you just don’t have time. Heck there...
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Australia’s financial wellbeing
Why it’s a mixed bag Reflecting on your financial position can be tough. And it isn’t always an attractive prospect. It’s not fun to compare your financial situation and come-up short, but the truth is knowing you’re behind (or ahead!) gives you the...
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Debt consolidation as a viable solution for cash flow crisis?
Of the various issues that Australian small and medium businesses face, cash flow remains a dominant one. Research by done by Invoice Market indicates that invoices worth almost $80 billion are outstanding at any given point in time. And that means that...
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Tax issues when changing, selling or closing your business
There are a variety of reasons that might necessitate a change in your business. These may range from changing the structure of your business from sole trader to company or trust to you getting a job offer you simply can’t refuse and deciding you’ve had...
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How prepared are Aussies for retirement?
As in many other parts of the world, Australians are less prepared for a comfortable retirement than they might think. This state of affairs stems from a general confusion (and a bit of malaise too) regarding retirement planning. A survey by CoreData, on...
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Happily ever after – what’s your magic retirement number?
As per the census data of 2016 (they’re always a little bit behind in reporting), 38% of the Australian population is between the ages of 40 and 70 years. What that means is that, those people, if they aren’t already retired – they will be soon (or at...
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