It is easy to get caught up in the noise: whispers of a recession, businesses closing, job losses, interest rates ratcheting up.
You can’t control the noise – so take control of these things that will make a difference to your business’s success:
A system cannot understand itself without help from outside.
A profound truth from one of the great management engineers of the 20th Century, Edward Deming.
But what does it mean?
The top two numbers most business owners look at: sales, and cash at the bank.
Ask them what the balance sheet is and you can expect a blank stare.
But that is where your cash is – in other people’s bank accounts.
And the two most common places:
Why tax planning is so important.
Like any sport, there are rules you need to comply with and there are also boundaries you need to stay within. There is also an umpire – his name is Chris Jordan, the Commissioner of Taxation. Finally, there is a time frame – 30th of June is when the final whistle blows, ending the game.
What you need to do?
Single touch payroll is the biggest change for small business since the GST was introduced. It is a monumental shift towards real-time reporting to the ATO.
The Federal Treasurer, the Hon. Josh Frydenberg MP, delivered the 2019 Federal Budget on 2 April 2019.
As widely predicted, the announcement included a range of tax cuts for both individuals and businesses. The Treasurer also announced increased funding for regulators to encourage tax and superannuation compliance, a number of positive changes to superannuation, and an affirmation of previously announced aged care measures.
This summary provides coverage of the key issues of most interest to you.
Moving the goalposts every three years makes a mockery of a system designed to provide for our retirement.
Your SMSF Trust Deed is the single most important document in your fund. It clearly specifies all of the rules that govern the operation of your fund.
With the passing of March, we also turn our attention to tax planning strategies to ensure that you are paying no more tax than you have to. There are a...
Yes, they are related and both are just as determined to deflate Christmas.
We are delighted to announce that our own Jillian Dwyer has been awarded Business Person of the Year by the Newcastle Business Club.
“It’s all about your goals – and making sure you have the money to achieve them.”
From 1 July 2017, the general concessional contributions cap is $25,000 for all individuals regardless of age.
It’s time to head to the Fair Work website and review the updated awards. The new minimum wage rates apply from the first pay period on or after 1 July...
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