By: Max Newnham How a person receives income from a business depends on how they own the business. When a business is owned as a sole trader they receive the income in the form of net business profits. Because a person cannot employ themselves they cannot receive a wage from their own business. When a business […]
By SUNCORP Hundreds of thousands of Australian small businesses will have a little more cash left in the kitty next June after corporate tax cuts were confirmed in the recent federal budget. Treasurer Scott Morrison used his second budget to restate the Turnbull Government’s strong commitment to reducing the tax burden on small businesses. Other positive […]
By Angela Hicks Workplaces continue to evolve. The needs of employees are constantly changing. It has never been so pertinent for businesses to adopt innovative strategies, become more flexible and address the emerging needs of their people and the new business environment. Carlson Wagonlit Travel (CWT) introduced an ‘anywhere working’ initiative last year across all […]
By Jayde Ferguson When was the last time you reviewed your business? Every owner should conduct an extensive review at least once a year to stay on track. It doesn’t matter if you’re running a small firm or a large corporation – every business benefits from a solid plan of attack. Annual reviews allow you […]
By: Max Newnham The rules relating to the deductibility of business losses differs depending on the type of business structure used. When individuals run a business, either as a sole trader or a partnership, one of the four non-commercial loss tests must be passed. These tests do not apply to other business structures such as companies […]
By Bessie Hassan The fact that Aussies love the beach is undisputed worldwide. What is concerning, however, are the potential business impacts, with a survey of 2000 adults, undertaken by Finder.com.au, revealing that one in seven (14%) have cashed in their sick leave to get some sun and hit the waves. Every time an employee decides to […]
By Anita Sambol Is your start-up gaining momentum to the point that work is piling up and your small team is struggling to keep up? Outsourcing a few tasks might be just what your team needs to concentrate on their field of expertise and achieve the best possible results. Deciding what to outsource might be one of the key […]
By Rony Chiha Determining the right marketing budget for your business can be difficult – it’s a fine balance between not spending enough and spending a lot more than you need to to be effective. The first thing you should do is look at your budget and how much you CAN afford to spend, before assigning […]
By Pip Spibey-dodd As the financial year draws to a close and next year’s budgets are debated, there are plenty of ducks to get in a row before July 1 hits. While travel spend may not be front of mind, as CFOs we need to think differently (and strategically) about maximising time on the road […]
By Yanir Yakutiel The numbers are in and the news isn’t great for Australian small business owners. The latest research by East & Partners shows more than half of SMBs cite cash flow as a major barrier to growth (56%). Less than one in ten are content with their cash flow and around three-quarters of […]
