Tips & strategies to help your business grow

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.

What Are Pay As You Go Instalments (PAYGI)?

You’ve just paid your tax bill and now you’ve got a letter from the tax office saying you need to pay more but now it’s quarterly?

Understanding Voluntary Administration

A Voluntary Administration is designed to help avoid court involvement during times of financial hardship when companies are facing creditors.

The Truth About Tax Planning

There is so much misconception in Australia about taxes and tax planning. Everyone seems to think they're "paying too much" and believe that accountants can wave a magic wand and "save" you tax.

The Risks Of Being A Company Director

Starting a company is easy. Too easy almost. Just be over 18, not bankrupt, fill in a form, pay the fee and you’ll have a Pty Ltd company registered with ASIC (Australian Securities and Investments Commission) in about 10 minutes.

Business Consulting

The Money Is In The Margins

Business is all about leverage. Leveraging other people's (employees) time, leveraging other people’s (investors, banks) money, leveraging systems and processes and leveraging assets (property, machines, software etc).

Business Consulting

The Hardest Question In Business

Those that have answered it (properly), usually end up succeeding. Those that don't/can't answer it, usually don't succeed. The end up floating along in the zone of mediocrity or become part of the alarming business failure statistics.

The Balance Sheet Explained

It’s not how much you make it’s how much you keep – right?

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."

Tax Tips

Your here for the list, not an intro, so let's get straight into it - 10 tax tips you can use any time of the year;

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Tailored tips for your growth

4 Common Mistakes Small Business Make With The ATO

Tax is in Australia is complicated, that’s why we have one of the highest rates of tax agent dependence in the world, but even that doesn’t stop these mistakes from happening and with the tax office’s super smart algorithms tracking your every interaction and building a risk profile about your business and its directors, you can’t afford to make these mistakes any longer.

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.

5 Things You Need To Do When Hiring Staff

What is a Breakeven Point and How to Use It in Your Business

You need to hire your first staff member, or maybe you're just wondering whether you've got everything under control.

Business Consulting