By Alexandra Cain You can claim your website under the $20,000 instant asset write-off scheme There’s a huge amount of misunderstanding around the federal government’s instant asset write-off for small business expenses valued at $20,000 or less. According to research by Officeworks and H&R Block published on Wednesday, 78 per cent of small business owners don’t […]
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 […]
Parliament has finally passed most of the business tax relief package announced in the last Federal Budget, but with some amendments. The legislation, which has finally passed the Senate, brings into effect the following changes for small business: Progressive cuts to the company tax rate: The tax rate will be progressively reduced to 27.5% […]
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 Brad Kean Australians will feel the impact of the upcoming new credit card interchange regulations — we’re a nation of points junkies with 11 million Qantas Frequent Flyers * alone. But while everyone’s thinking about how the reverberations of these changes affect consumers, it’s easy to forget that new interchange rates raise a number […]
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: Max Newnham It is an unfortunate fact of life that too often business owners have a total aversion to paying income tax. This can lead to earning too much black money, that the owners hope to hide from the tax man, and also can result in tax deductions being maximised without considering whether the cost […]
