Sadly of late it’s been brought to our attention of Competitors using fear and underhanded tactics to give you high accounting bill that you don’t need. They are: Charging large fees for access to online cloud accounting and clients being hit with a large end of year... read more
The Abbott government was the first government to reduce regulations for small business since the early Fraser Years. We have had 35 years of more regulations by the federal government. Little or any thought is given to reducing such. Although the Abbott government... read more
Conditions are building for a perfect storm in business in Australia, although some risk exists. Conditions favoring small business at the moment are: Lowest interest rates ever business has possibly the lowest rates in a very long term making loans easier to pay... read more
What make a leader we have had many famous leaders from Julius Caesar to Robert Menzies. What did they have that made them leaders? Presences when I got taken through old parliament house an old hand told me that there was only two Leaders, Ming the merciless and Paul... read more
I thought I would give everyone an update on Politics as i have seen a lot of articles on Australian politics to be honest with little substance and high in emotion. Firstly I have always followed Politics having done it at University so I’m well-read and ran a radio... read more
It might surprise everyone but trade between the two countries has increased dramatically… The last decade has seen a massive increase in two way investment. Export to US for goods were $13 Billion and $7 Billion for services, in 14/15 year. US is the biggest... read more
Tax laws favour two things in Australia: Dividend Imputation and Negative gearing Negative gearing is best applied to real estate so you have both working for you that is tax benefits and real property growth. It’s often said real estate doubles every 10 years but of... read more
Starting out today what’s my advice Make sure you have a good accountant, solicitor and bank manager. A good accountants worth 15%. Do Budgets every year and update them with every change. Ensure your financials are done quarterly. Make sure your product or service is... read more
Taxes fell in the GFC due to the collapse of many business worldwide. Prior to the GST Company’s paid 5% of GDP in taxes. Due to Globalisation and profit shifting this has fallen to 4.6% of GDP. The GFC clearly put pressure on business and its reaction was to shift... read more
As we all know the worlds competitive very, competition can come in lots of ways. To lessen the competition you need an edge. It puts you in a good position. Does your small business have an edge let’s look at it? Do you dominate a marketing area social media, point... read more
Small business is set to lose the benefit of a tax cuts to companies to Childcare following Shorten $3 Billion promise for families. This represents $1600 per child. Many small business have companies and these are the drivers of the current economy. Lower taxes... read more
SMALL BUSINESS lose on Submarine. Small business is set to lose badly due to not awarding the contract to Japan. The competitive tender process focused only on one thing sound in the tender process. No weight was given to Military alliance or economic benefit. Japan... read more
If you’re lucky enough to have a strong buyer for your business – and the price is right – you’re actually only halfway there. If the deal involves being paid an earn-out fee – whereby the full price will be paid to you only if you achieve future performance levels,... read more
Scott Adams remembers just how the game turned. He was young and improving at chess, but the masterful kid across the board would out-manoeuvre Adams until the game seemed a runaway. Now, this kid didn’t want to just beat Adams; he wanted to embarrass him. “So after... read more
Hidden risk in amending BAS By now, with the benefit of the many Worrells articles and Workshops on the topic, we should all be aware of the current provisions relating to Director Penalty Notices, regarding reported and un-reported ATO debt. But you may not... read more
Telephone scammers posing as Australian Taxation Office officers have sparked a warning to Canberrans, with some victims having already lost more than $100,000. ACT police say they are investigating a number of frauds reported over the past month, in which people... read more
Psychologist Sabina Read has five top tips to reduce stress and fire up your memory: Identify your own warning signs and triggers to help manage stress before it overwhelms you Typical warning signs and triggers vary from person to person so it is important to be... read more
