Tips & strategies to help your business grow

Discover strategies for business expansion and tax optimization to thrive in today's competitive landscape

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Accounting & Tax

5 min | Nathan Watt

How to Understand and Improve Your Business Credit Score

Your business credit score could be the hidden reason behind loan rejections, tough supplier terms, or lost contracts. This no-nonsense guide explains what your score really means, why it matters for every Aussie small business, and the simple steps you can take to check, fix, and improve it today.

Business Consulting

10 min | Nathan Watt

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

Think you’re making money in your business? Until you know your breakeven point, you’re guessing. This in-depth guide breaks down what a breakeven point really is, why every business owner should track it, and how to calculate it in both dollars and units. With real-world examples, visuals, and practical strategies, you’ll learn how to use this one powerful number to set smarter prices, spot problems early, and make confident decisions for your business. Whether you’re just starting out or scaling up, this is a must-read for taking control of your bottom line.

Accounting & Tax

15 min | Nathan Watt

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.

Accounting & Tax

15 min | Nathan Watt

A Guide To Superannuation For Small Business

Superannuation has been around a while now. The earliest instances can actually be traced back to Federation in 1900.

Accounting & Tax

5 min | Nathan Watt

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....

Business Consulting

5 min | Nathan Watt

How Do You Make More Sales?

No, we’re not launching a marketing service, so what do we know about making more sales? Apart from growing Watson & Watt from nothing to something in the last 7 years I know that more sales is actually business strategy, not marketing and sales.

useful resources

Practical resources to build a better business

(89) All articles

(56) Accounting & Tax

(29) Business Consulting

(06) Mortgage Broking

General Accounting & Tax

Know your numbers

Structuring

Superannuation

Drivers of Performance

Goal Setting

Implementation

Strategy

General Mortgage Broking

Accounting & Tax

How to Understand and Improve Your Business Credit Score

5 min | Nathan Watt

Accounting & Tax

Beginner’s Guide To Salary Sacrifice

5 min | Nathan Watt

Here’s what you need to know when it comes to salary sacrifice and when it should be used, along with the advantages and considerations pertaining to it.

General Mortgage Broking

Before You Refinance Your Home Loan, Try This

15 min | Nathan Watt

How much money, after tax, can you make in an hour? $50? $500? $5,000?

BAS | A Beginner’s Guide to Business Activity Statements

5 min | Nathan Watt

New to the world of business finances? The Australian tax code can be difficult to understand for anyone who’s unfamiliar with its many facets, but it’s important that every business owner has at least a basic understanding of things like BAS, GST, and other essential elements of it.

Accounting & Tax

Australian Resident For Tax Purposes Explained

15 min | Nathan Watt

If you’re an Australian resident for tax purposes you pay tax on your worldwide income. This can have a massive impact on how much tax you pay. So in this article you'll learn when you're considered an Australian tax resident, even if you don't have permanent residency or visa, what happens on entering the country, and what happens if you are leaving.

Accounting & Tax

ATO Audit Penalties: What Business Owners Need to Know & How to Avoid Costly Mistakes

5 min | Nathan Watt

Penalties vary based on the nature of the discrepancy, ranging from 25% for lack of reasonable care to 75% for intentional disregard. To minimize risks, maintain accurate records, ensure timely lodgements, and consider professional advice.

Accounting & Tax

Are Christmas Gifts For Staff Tax Deductible?

15 min | Nathan Watt

So it’s Christmas and what have you done…..about gifts for your staff.

Accounting & Tax

An Employer’s Guide To Stapled Superannuation

10 min | Nathan Watt

You know how it goes, you hire a new employee, send them the super choice form and they leave it blank or don't return it, so you're required to set up and contribute to your "default super fund".

Business Consulting

A Small Business’ Guide To Marketing Your Price

10 min | Nathan Watt

Pricing is perhaps the most important choice you will make when selling your products and services. Price is an indicator that lets customers know what to expect. High price = this must be good. Low price = probably not going to work/break in a short time (and that can be just fine).

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Tailored tips for your growth

Accounting & Tax

You (Probably) Don’t Have A Tax Problem

10 min | Nathan Watt

A common complaint I hear, mostly from business owners, is they are "paying too much tax".

Business Consulting

Offset vs Redraw: What’s The Difference

10 min | Nathan Watt

If you’ve got a home loan or even just looked into one, you’ll have heard these terms, and on the surface they seem to do the same thing. A place to deposit extra cash to reduce the interest you pay. So is it just semantics or are there differences you really should know. Well yes, yes there are.

Business Consulting

A Small Business’ Guide To Marketing Your Price

10 min | Nathan Watt

Accounting & Tax

Personal Services Income: A Beginner’s Guide

5 min | Nathan Watt

Personal Services Income, or PSI, is given as a reward for an individual's personal efforts and skills. At least, that's how the Australian Tax Office sums it up. When it comes to your taxes, PSI is a common type of income for Sole Traders and individuals who earn money through an interposed entity (consultants and contractors) like a company or family trust.

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