Browsing Tag

accounting

Business

Tap into the spending season

By On December 1, 2016

The holiday season provides the perfect opportunity to connect with customers and leverage off the seasonal shopping period. For many businesses, the upcoming Christmas season presents a peak in sales and revenue.… Read More

Super

Government passes ‘fairer’ super changes

By On December 1, 2016

The Australian Government has recently passed what it is calling the ‘most significant superannuation reforms in a decade’. The reforms include the introduction of a $1.6 million transfer balance cap, which places… Read More

Money

Setting sales targets

By On November 25, 2016

Setting realistic sales targets is a key factor in improving performance and maximising profits. Realistic sales targets can help improve cash flow, increase motivation of sales staff and meet your overall business… Read More

Business

Developing a code of conduct

By On November 25, 2016

A well-written code of conduct is essential for every business – it can provide guidance to staff as well as stating your business’ values and ethical principles. A code of conduct provides… Read More

Super

Succession planning for SMSFs

By On November 25, 2016

A mandatory component of managing a self-managed super fund (SMSF) is planning out what will happen to the fund if its trustee was to pass away. While succession planning may not be… Read More

Tax

ATO crackdown on trusts

By On November 25, 2016

The ATO is currently targeting contrived trust arrangements that minimise tax by creating artificial differences between the taxable net income and distributable income of closely held trusts. Arrangements where trustees are engineering… Read More

Money

Fixed vs variable loans

By On November 16, 2016

When choosing between a home loan with a fixed rate of interest and a home loan with a variable rate of interest, it is important to take both your personal and financial… Read More

Business

Building brand loyalty

By On November 16, 2016

Converting casual customers into brand-loyal customers is challenging in today’s competitive marketplace. With thousands of brands competing to stay top of mind; retaining customers is no easy feat. Fortunately, there are some… Read More

Super

The benefits of using a re-contribution strategy

By On November 16, 2016

A re-contribution strategy involves withdrawing your superannuation and re-contributing it back into the fund as a non-concessional (after-tax) contribution. It is an easy strategy to implement and can provide significant tax savings… Read More

Tax

Income tests for tax offsets

By On November 16, 2016

Income tests are used to work out a person’s eligibility for tax offsets and benefits which can reduce the amount of tax they have to pay. The Australian Taxation Office considers various… Read More

Money

Understanding home equity

By On November 10, 2016

A home’s equity is the difference between the market value of the property and the amount the owner still owes on their home loan. For example, if the home is worth $800,000… Read More

Business

Tips for achieving success from scratch

By On November 10, 2016

The financial power and freedom that comes from being a successful business owner can be enough to entice anyone to take on the financial risk of starting up a business. But growing… Read More

Super

Transition to retirement (TTR) changes

By On November 10, 2016

With the Federal Government’s proposed changes to the transition to retirement (TTR) pension to take effect from 1 July 2017, those with existing arrangements should review them to avoid any adverse impact… Read More

Tax

Claiming tax offsets and rebates

By On November 10, 2016

Tax offsets (also known as ‘rebates’) can directly reduce the amount of tax payable on a person’s taxable income. While claiming certain tax offsets can reduce a person’s tax payable to zero,… Read More

Business

Putting a price on your products

By On November 8, 2016

Pricing a business’s products or services can be a difficult task, even for the most experienced business person. This is because the price a business charges its customers can have a direct… Read More

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