Post Type: Article

Many Australian business owners have engaged in little to no exit planning. This is true even for owners with most of their assets tied up in the business. Unfortunately, this is a recipe for disaster when it comes time for you to leave the company – whether that’s due to retirement, an accident or illness,…

Stop wasting time on things that don’t matter.  Business leaders can use the Pareto Principle to drive focus, improve productivity, and change how they do business for the better. In this post, we discuss the 80/20 rule and outline how you can use it to stop wasting time on things that don’t matter. What is…

With the advent of the internet and cloud-based solutions, many in the financial services and accounting industries suggest that the distance between them and the client is irrelevant. While this is true to some degree, you may ask yourself, what are the benefits of working with a tax accountant near me? Benefits of Working With…

Superannuation is one of the most significant assets many Australians have. Yet, we see many individuals (including business owners) who see superannuation as a compliance requirement – instead of the enormous opportunity it represents. Find out how to make the most of the superannuation contribution benefits and opportunities in this blog post. Voluntary Superannuation Contribution…

Your company’s early hires have the potential to shape your business. They can improve operational capacity and efficiency while freeing you to focus on the work that builds value. So, while the hiring process can be difficult and daunting, it is also necessary to grow your business. In this blog post, we’ll answer some frequently…

After the budget earlier this week, below we share some highlights: Personal income tax changes The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500…

With good weather and record prices prevailing in 2021, it was a strong year for agribusiness. The Australian Bureau of Agricultural and Resource Economics and Sciences suggests that the boom will continue through 2021-22. In fact, the bureau predicts that Australia’s agricultural industry will reach a record-breaking $81 billion this financial year – more than…

With commercial interest rates being incredibly low at the moment, many of our clients have asked us about how to buy a commercial property. In this article, we’ll outline considerations for businesses looking at buying a commercial property, the potential benefits, and how to obtain financing. Benefits of Buying a Commercial Property for Your Business…

There’s an old adage: “You need to spend money to make money.” It’s true, profitability and expenditure go hand in hand in business. But just because you need to spend money to set your business up for success, doesn’t mean you need to spend more than is necessary. That’s where a waste and profit review…

Having enough money for your day-to-day business requirements is crucial. It is what keeps your business going – and helps you sleep at night. Introducing cash flow targets at your business can help you optimise your cash flows.  What are Cash Flow Targets?  Before we define cash flow targets, let’s take a quick look at…

For many business owners, the pandemic has disrupted ‘business as usual’. Budgeting and business planning have been put aside, while businesses scrambled to adjust to changing regulations, lockdowns, and fluctuating demand. With vaccination targets reached, and business as usual returning, now is a good time for a business health check.  What is a Business Health…

It can be difficult to know when it’s the right time to invest in the new machinery, technology, or other equipment your business needs. Making your purchases at the right time can drive growth, offer tax benefits, and improve efficiencies. While poor timing can result in cash flow issues and missed opportunities. In this blog…