Are you ready to start a business? The prospect of starting a business is exciting. It’s hard not to get carried away with the excitement of a new business venture – but make sure you don’t fall into the trap of being too eager and so excited that you get blinded by the dream. …
Bookkeeping is an essential business function in all businesses. Whether your business is a startup business or an established business, the need for accurate and timely bookkeeping and business finance management should not be underestimated. In Episode 8 of the Small Business All Figured Out podcast, Corinne Cole and Sheryl Cole talk about what…
As small business accountants in Melbourne who work with hundreds of small business owners, we know what it takes to successfully start a business. Starting a business can be a very rewarding journey, when done right. It can also be a costly and stressful experience when not done right. When we were planning out…
Single touch payroll exemption for directors and family members The ATO has provided a concession from single touch payroll for payments by small employers to closely held payees. Single touch payroll (STP) was extended to cover all employers on 1 July 2019. For directors of their own company or for family businesses employing family…
With the end of the financial year only a few days away, you still have time to take action to legally reduce your small business tax liability for 2017.
Trust structures and their use can often be misunderstood – in this article we demystify some of the jargon for you.
It’s easy to get caught up in the spending trap and feel the pressure to get on the spending bandwagon. A budget enables you to think and consider carefully before committing to expenditure.
Succession planning is an essential part of business life, yet remains a perennially under-addressed issue. There are more than just tax issues to juggle!
One of the key decisions to be made when starting a new business is whether you should, or should not, register for GST. In this article I’ll be discussing some the issues you’ll need to consider very carefully.
Quite often our clients approach us with questions pertaining to their obligations for WorkCover. Our blog article here examines the important details of Workcover – minus the technical jargon – so you, the business owner, are absolutely clear on how WorkCover insurance affects you and your business.