Category Archives: Challenges

The financial reports small business owners must look at

The financial reports small business owners must look at

In my last blog I shared with you a month end checklist to help you improve your reporting processes. This was designed to create a structure about how you manage your internal finances. To help you get organised which helps you get on top of your taxation planning and compliance and also to provide relevant, […]

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What your small business should be doing each month

What your small business should be doing each month

Another month is over, and you’re on to the next one, days and weeks roll into each other and before you know it, the year is over, and you look to the bank accounts to see if you’ve “made any money”.  Sound familiar? Then your accountant gets started on your tax returns, and has a […]

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What Should A Small Business Board Of Advice Be Talking About?

What Should A Small Business Board Of Advice Be Talking About?

“You need an advisory board” is something I’ve heard a bit in the market place. It’s something I tell my clients, it’s something the QLD state government will provide up to $10,000 in funding to under the Accelerate Small Business Grants Program, but it’s something I fear doesn’t get the return on investment it should.  And […]

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Fringe Benefits Tax (FBT) For Small Business

Fringe Benefits Tax (FBT) For Small Business

Fringe Benefits Tax (FBT) is mostly ignored by small business and their accountants. Most think of it as a tax for big business, with lots of “entertainment” and exotic remunerations strategies or government departments with scores of internal finance people. But unfortunately, this is mistaken.  FBT applies to all business who provide benefits to employees […]

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Which Business Structure Is Right For You?

Which Business Structure Is Right For You?

In this article, I am going to run through what to consider when structuring your business. But I’ll cut to the chase and tell you up front that 9/10 times I recommend Pty Ltd company owned by a discretionary trust (or a variation of this structure). And even more freebies; The director(s) of the company […]

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You Need More Than Resolve

You Need More Than Resolve

It’s that time of year again.  You’re thinking about what you want to achieve; change; improve; never do again starting midnight on the 31st December.  This time is different, it won’t be like this last year. This time you mean it. Whether its losing weight, saving more money, drinking less we’re all pretty good at […]

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