Empowering Dreams Transforming Visionaries into Financial Pioneers

Four things happen if you don't pay superannuation on time...none of them good.

More profit for no extra work? Sounds great right? All the increased revenue goes straight to increasing your net profit as you've not added any costs - it's pure profit.

Choosing how to structure your business takes some forethought. In Australia, there are four common ways to go about it, and being a sole trader is an easy way to get started, but it’s important that you choose carefully. After all, the structure you choose will impact the licenses you have to obtain, how much you owe in taxes, and your potential personal liability in the event of issues.

Business cash flow can be tricky. Especially when you’re starting out. You see money come into the bank account, you start thinking what you can do with that. Then there’s wages to pay, suppliers you owe, your accountant has reminded you that super and BAS are due, and you need put money away for income tax for next year. Seems like everyone gets paid before you.