Lifestyle assets continue to be an ATO audit target
The ATO data-matching program is seeking policy information from insurance companies about taxpayers who own marine vessels, thoroughbred horses, fine art, high value motor vehicles and aircraft.
It’s time to change the way you think about tax
If you want to make the most of tax efficiencies or avoid an unexpected tax bill you might need to change the way you think about tax – Tax planning should start in July. Business owners commonly pay more tax than they need to by leaving their tax planning until the last minute. You can…
It’s time. Take control of your business in 2019!
Your dream of flexible hours and time with family may be a distant memory now that the realities of being a business owner have taken over. If you haven’t addressed issues affecting your business for a while or you just know it’s time to seek out proactive advice that extends beyond legal obligations, the beginning…
Risky business
The very nature of being a business owner or director puts you in a position of risk, and without advice, your personal (and business) assets could be at risk. Even if you have a Company business structure or other entities such as trusts in place, as a director you can still be subject to personal…
You need more than the sale of your business to take care of your retirement
There is a worrying trend when it comes to Australian business owners planning for their retirement and personal financial future beyond life as a business owner.
Getting your business ready for tax time?
For the best possible outcomes for your business, preparation for tax time should start before the end of the financial year. For the 2017/18 financial year, this means now.
Prepare for Take-Off: TAKE action and implement your strategy
MEASURING your performance and gaining a clear UNDERSTANDING of your business financials and defining the goals you have for your business, provide the tools necessary for creating your STRATEGY for business success. However, a STRATEGY without TAKING action achieves nothing. Here’s how we can help you to TAKE the actions you need to transition from…
Set your course: Your STRATEGY for Business Success
When operating on gut instinct rather than real-time financial data, it’s easy to become lost in your day to day business operations and lose sight of the big picture. The unfortunate truth is that the bigger the business, the bigger the stresses for the business owners.
A novice in the cockpit: UNDERSTAND your numbers
You have your financial statements in place, right? You may even have an easy to read dashboard highlighting everything you need to know on one page. But do you really know how to read these figures and what they are telling you about your business?
Avoid Flying Blind: What you can MEASURE you can MANAGE
The management and accounting systems you implemented when you first started your business may no longer be appropriate for your needs today. Without real time figures and information, running your business is equivalent to flying blind.