Have You Planned the Succession of Your Business?

owner of a business looking for a Chartered accountant

Discover the importance of succession planning for long-term business success and continuity. Learn about the essential steps to take and best practices to implement to ensure a seamless transition of leadership and sustained growth.

How do you make your Business Decisions?

Instinct is not always the answer…   Do you make business decisions based on hard facts or gut feel? If yours is an established business, in an industry with which you’re very familiar, there’s a fair chance you answered ‘yes’ to the latter. That’s unlikely to happen in a startup. Typically, startups are obsessed with […]

What Ignoring Your FBT Obligations Could Trigger with the ATO?

Fringe benefits tax (FBT) is a special kind of tax that all employers pay on the benefit that they provide to their employees and/ or their family. This benefit could be a part of the salary or something additional to it. It is important to note how the FBT is different from an income tax […]

Should I register my business for GST?

The goods and services tax, known as GST, is a broad-based tax charging 10% on goods and services sold in Australia. This tax affects businesses regarding their revenue. As a businessman, it is your responsibility to get your business registered for GST in three situations. Your business’ income is $75,000 or more. It is advised by […]

When Should I move from a Sole Trader to a Company?

A common question that comes into every sole trader’s mind, especially owners of small businesses, is ‘when they can take a step forward and form a company.’ This decision is an important one and needs to be done when the business is at the right stage. There are certain factors that you need to consider […]

Does Your Business Have A Clear Direction?

Are you thinking in the right direction? Is your vision shiny and clear about how you need your business to run and flourish in the future? Am I taking the right step? Is it going to be a profit deal or a loss one? All these questions along with numerous others come into the minds […]

What Business Structure is right for me?

Setting up a business can be a daunting time. Ensuring you have the right structure in place is vital and could save you from expensive and excessive tax bills down the track once you’re making larger profits. So what are the different structures and what structure best suits your needs? The business structure you need […]