The 2018-2019 tax year is well under way. Small business owners know that cash flow is often a major worry and stress. Living on tight margins, every penny counts. So make sure you aren’t paying more tax than you need to!
If you have a local operation that produces or manufactures a product you know the challenges of running this sort of business. It might be successful and you might think it would be a good product to sell overseas. However, many Australian business owners struggle with the thought of exporting a product because of the complexities and expenses. Some great businesses with fantastic products just never leave our shores because it just isn’t financially viable to invest in the set up of such a venture.
In a few years it will be hard to find a business or person that isn’t touched by Virtual Reality ("VR"). In fact, if you are using Siri on your phone or have Google Home or Amazon’s Alexa then you already have virtual reality in your life.
We may have just faced yet another leadership change and cabinet reshuffle. But our political musical chairs hasn’t seemed to affect our ability to be an appealing investment prospect. With record low interest rates and stable unemployment we are a country with a lot going for it.
Australia is an economy that has proven it is resilient, adaptable and safe. As the world’s 13th largest economy it has a AAA rating by all three global rating agencies and is forecast to have an average annual read GDP growth of 2.9 per cent over the next five years.
Ever wondered what your business is worth? If you aren’t planning on selling in the near future you may not have even thought about it. However, we think it's important to always understand the value of your business and outline 5 compelling reasons why!
Having a tax debt can be stressful. But there are proactive things you can do to ensure that you handle your tax debt in a way that will keep you out of hot water with the Australian Taxation Office (ATO).
We've got a whole load of tips we could share with you to help you achieve your business goals but let's start with some fundamentals, which we find really helpful when advising businesses - Keep it SIMPLE and SMART.
Startups are difficult at the best of times, but there are some issues that are unique to the world of tech startups. We have broken these into two sections, financial viability and strategic advice.
Starting a business is an exciting time in your life. There are so many decisions to make and important things to learn, and tax is often the last thing that we want to think about. However, you can get into hot water pretty quickly if you ignore your tax obligations. So here are 7 common tax questions that you need to know if you are starting a business:
Whether you need motivation to transform your idea into a functioning business or you just need a little boost when you’re down, it’s always good to seek wisdom from bright and successful minds who have experienced it all before.
Recently, I heard one successful entrepreneur say “If you don’t want to work ON YOUR startup for at least 10 years, don’t startup at all”. This was meaningful to me because, as a business owner myself with more than 25 years experience in entrepreneurship I can easily relate with that sentiment.