Tips & strategies to help your business grow

What is an Income Statement (Profit and Loss Statement)?

Every business should strive to better understand their financial performance so that they can continuously improve it. The one that everyone loves to look at is the Income Statement, better known as a Profit and Loss Statement (P&L) but other than a surface understanding, this financial report remains mysterious to many business owners on how it can be used to improve your business.

Business Consulting

What is a Rate Lock?

Interest rates are at historic lows, the property market seems to be going bonkers and somehow people in Sydney have $4mil for a run down bedsit.

What is a Partnership?

One of the most fundamental decisions you have to make when forming a business is which structure is right for you. In Australia, you have a number of options, including trust, company, sole trader and partnership. In this blog we'll dive into what a partnership actually is and how they work.

What Is A Family Trust And How Do They Work?

A family trust is an agreement where the trustee (either a person or company) holds assets for the benefit of others - like family members. There's lots of names thrown around; family trust, trust fund, discretionary trust and lots of confusion about how trusts work so if want to understand what they are, and how they work then you've come to the right place. Strap yourself in, and trust me....

What is a Company?

Lots of people confuse having a business, with having a company. So what exactly is a company, and how do they work for small and medium businesses?

General Mortgage Broking

What Information Do You Need For A Home Loan?

Applying for a home loan can be a daunting process because you’re usually entering into one of the biggest transactions of your life, and the bank’s can be faceless corporations dancing to the beat of their own drum. Yes, they want to lend money, but only on their terms.

What Happens If You Take Cash Out Of A Company? Division7a

Got a company? I mean a real company, as in a Pty Ltd legal structure? Then this one is for you.

What Happens If You Don’t Pay Superannuation On Time?

10 min | Nathan Watt

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

General Mortgage Broking

What Do Lenders Use As Your Income When You’re Self-Employed?

10 min | Nathan Watt

If you’ve ever wondered how much money you could borrow you’ve no doubt found a lender’s borrowing capacity calculator, plugged in a few details and out spits a number – and if you're an employee for the most part that’s fine. There are a few wrinkles when it comes to casual employment, bonus', and regular overtime etc but generally PAYG income is what it is. But business owner income. Ohh boy. Buckle up.

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Tailored tips for your growth

Temporary Full Expensing

Mr Speaker... "Over 99 per cent of businesses, employing over 11 million workers, can write off the full value of any eligible asset they purchase."

How Much Tax Do You Pay On Dividends?

A common question we get from people is how much tax they need to pay if they were issued with dividends from their company.

BAS Due Dates

Having a hard time remembering when stuff is due? You’ve got a lot to do in business and if your accountant isn’t reminding you, it’s easy to forget the heap of things you’ve got to submit as the tax office middle man. But late lodgement is one of the 4 common mistakes small business makes with the ATO, so bookmark this page it’s got your BAS due dates for quarterly and monthly reporting cycles.

Business Consulting

What is a Rate Lock?