Small business? Here’s what the Accelerated Tax Rate Reduction means.

Posted by Tanya Moran on 21-Feb-2019 08:20:05



Remember when the tax rate for all companies was 30%? Well since 2015 this rate has been slowing dropping. Here is what you need to know about the accelerated tax rate reduction and how it affects your business.

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Topics: ATO, small business, corporate tax, SME tax rates, taxation

Is Artificial Intelligence a must have for Small Business?

Posted by Azure Group on 07-Nov-2018 11:23:41



Artificial intelligence ("AI") has been around for a while. In fact for the last 30 years it has fuelled most science fiction novels and movies. But it is now becoming more approachable for every day people and many people whether they realise it or not are using it already in their home and office. The rapid growth of ‘smart home’ devices such as Google Home and Amazon’s Alexa demonstrates the consumers appetite for such products. So where does this leave small business?

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Topics: Azure Group News, Tech Business, small business, Technology Business, AI, artifical inteligence

9 Tax Saving Hacks that Small Business Owners often miss

Posted by Tanya Moran on 16-Oct-2018 07:49:06



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!

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Topics: Tax, small business, Australian Taxation Office, Tax professionals, Sydney Accountants, Small Business Accounting, taxation

5 Reasons you should understand the Value of Your Business

Posted by Kelly Morgan on 28-Sep-2018 07:00:00



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!

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Topics: Azure Group News, Business Growth & Cashflow, small business, Business accountants, Small Business Accounting, Business success, business valuation

Is lack of Financial Record Keeping linked to Company Failure?

Posted by Kelly Morgan on 16-Aug-2018 09:19:47

 

We all know that the number one reason for companies to fail is inadequate or poor cashflow. However, have you ever stopped to wonder what the other main reasons for company failure are? According to the Australian Securities and Investments Commission (ASIC) the other reasons are poor strategic management of the business, and poor financial control including lack of records.

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Topics: Azure Group News, small business, cashflow, Company Director, business failure, company failure

Why you shouldn't do Business without Terms and Conditions?

Posted by Kelly Morgan on 14-Aug-2018 12:33:31

When setting up a business there are hundreds if not thousands of tasks of varying size that need to be done or considered. When you haven’t even got a client yet it is hard to consider that you need good terms and conditions. Many entrepreneurs think those sorts of things can wait till later.

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Topics: Azure Group News, Startups, small business, Startup Australia, Company Director, Business success, terms and conditions

Key Tax Concessions for Small Business

Posted by Tanya Moran on 09-Aug-2018 08:43:36

Small business owners need to be aware of tax concessions. While you need to check your eligibility, here are a few concessions may apply:

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Topics: Azure Group News, small business, Business accountants, Outsourced accounting services, Accounting sevices, Tax professionals, SME tax rates, Sydney Accountants

Four Tips for Small Businesses to Take Control of their Banking Destiny

Posted by Azure Group on 19-Jul-2018 08:47:37

 

The news is littered with articles about the powerful banks taking advantage of the small business man. Because of some of these stories many people feel that they are powerless against the banks and their bank holds all the cards. However, the latest Scottish Pacific SME Growth Index highlights some opportunities for SMEs to take greater control over the banking and show that they actually have more control than they thought.

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Topics: small business, Business banking, Small business loans, Business banking manager, Small Business Accounting

Small business, big attraction: Can Small Business Banking be personal?

Posted by Azure Group on 03-Jul-2018 08:36:17

 

Small businesses are the lifeblood of this country. Making up 99% of businesses and employing over 50% of the workforce yet they seem to mystify the banks. Despite their strong hold on the Australian economy most banks struggle to generate strong returns and therefore don’t always have a great relationship with them.

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Topics: small business, Business banking, Small business loans, Business banking manager, banking solutions, Bank, Westpac, CBA, ANZ, NAB

How to negotiate your Tax Debt with the ATO?

Posted by Tanya Moran on 11-May-2018 15:28:11

 

Small businesses need to manage a lot of ‘balls in the air’ and one of them is tax. Between their own income tax as an individual, company tax, GST and tax withheld for employees there is a lot of money that needs to be accounted for. In fact small businesses account for more than 60% of the total debt owning to the ATO. So if you have a tax debt here is what you need to know. #news #ATO #taxdebt

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Topics: ATO, small business, Business accountants, GST, BAS, withholding tax, tax debt, director penalty notice, Company Director