Are you are thinking about expanding your business? To capitalise on the initial momentum of a new business and in turn establish a profitable long term business, business owners need to understand and implement different practices to achieve this growth. Here are some suggestions that could help you grow your business. 1. Collect information Consider collecting Read More…
Tips for a Successful Family Business
Running a family business sounds like a great idea, right? A family business has the potential to benefit all the family members. People you can trust, who share the same ideas, with the same work ethic – everyone’s happy. No need to for formalities, official job descriptions, involving outsiders, right? Well, think again! If you want to Read More…
Online Selling & ATO Data Matching
On 21 April 2015, the Australian Taxation Office (ATO) gazetted a notice advising that it will be requesting and collecting online selling data relating to registrants that sold goods and services of a total value of $10,000 or more for the period from 1 July 2013 to 30 June 2014. This acquired data, which will Read More…
Cloud Computing
The interest in cloud computing has grown signinficantly and we are seeing an ever increasing number of businesses shift to cloud based solutions. This shift to cloud computing has helped businesses to reduce costs and increase flexibilty. Working with businesses of all sizes, the benefit of cloud computing is in the access to real time information. Read More…
The importance of Insurance
If you are like most Australians, insurance is one of those things which can be put off for another day. But another day might be one too late. Most people don’t understand the need for the right insurance until a friend or family goes through a serious illness or death, when the reality of not Read More…
Businesses – Protect Your Identity
How identity crime affects businesses Identity thieves can take your details by: breaking into your business and stealing your records taking a photo of your business or employee details stealing your passwords, account logins and AUSkey. Identity thieves can use your stolen identity to: create fake businesses and commit refund fraud in your name take Read More…
Paying off your home loan sooner
We all know the most common ones: 1. Pay off quickly 2. Pay fortnightly instead of monthly 3. Make payments at a higher interest rate amount 4. Consolidate your debts 5. Abandon minor luxuries 6. Switch to a new loan or lender with a more suitable rate and package What about some others that we often don’t think about? 7. Use Read More…
Investment Properties & Tax Depreciation
As the owner of an investment property you’re entitled to claim depreciation on your building and its fixtures and fittings. Claiming depreciation is a significant taxation benefit, and one which many investors are unaware of. As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) Read More…