By: Steve Burnham One of the issues that Tax & Super Australia finds frequently raised by members is the tax treatment of work related travel expenses, as well as the reliance on the “reasonable amounts” prescribed by the Commissioner. In our view, the current ATO guidance may not adequately cover the issues encountered by practitioners and […]
By: Dylan Rees Ideas and execution go hand in hand. There is no greater importance placed on either aspect of starting and running a successful business. Without one another, a business cannot wish to exist and succeed. Ideas and plans exist together. Once you’ve established a grand idea, it’s time to put that into a […]
By: Alan Manly Launching a start-up is exciting. The long journey from conjuring the initial, embryonic concept to bravely sharing your business idea with someone else is now ‘ancient history’. Things are different now: an early business plan has been refined to give comfort to all stakeholders. Before you actually launch your start-up, it’s wise to review a pre-launch checklist […]
By: David Harland If you work in the family business sector, chances are you run into the same statistics over and over again: Seventy percent of family businesses fail or sell before the second generation takes over. Ninety percent of family businesses fail or sell before the third generation takes over. The data is not pretty […]
By: Elizabeth Campbell Set yourself up for fast growth before it happens. Seems like a simple idea, right? Most businesses don’t do it, however, and when rapid growth happens, they’re caught on the hop. Earlier this year I started running events – but I don’t think I really understood what was going to happen as a […]
By: James Charlesworth When I look back over the past few years since I launched a SaaS startup, the most valuable lessons have come from making mistakes and pushing myself out of my comfort zone. I’ve learnt many lessons along the way, but I think some were more potent and more business-critical than others. To help […]
By: Max Newnham Loan agreements need to be drawn up when shareholders are paid. There are many reasons why small business owners choose to operate through a company structure. One of the most important is the legal protection a company provides to the personal assets of the owners. When a business is operated as a sole […]
By: Sarah Stein There’s a fine line between chaos and calm when running both a business and household. Here’s how I manage to stay on the ‘calmer’ side of the line. Some days my small business runs like a well-oiled machine and I even amaze myself! Other days, the curtains should have stayed closed and I’d […]
By: James Harkness Small to medium business owners are diligent when it comes to meeting their superannuation obligations to staff but growing their personal super is ‘not top of mind’, according to Tim Reed, CEO of cloud accounting provider MYOB. He told Dynamic Business that government and big business must play a role in eliminating barriers to owners […]
By: Paul Henshall Most business owners start their business with a dream. They envision calling the shots (rather than being told what to do), remuneration in line with their efforts (rather than receiving a capped salary from an ungrateful boss) and working when they want (not when they have to). In short: more freedom, more money, more time. Sounds […]
