FACT: If you’re currently trading as a private business, whether incorporated (Pty Ltd) or unincorporated (sole trader, partnership, other) the Fair Work Act (and the related new industrial relations system) applies to your business now (as of January 1st 2010). Unincorporated businesses that worked under a State award prior to the state Government handover on January […]
The Minister for Superannuation, Chris Bowen MP, and Minister for Small Business, Craig Emerson MP, have announced that the Government will deliver its free superannuation clearing house service for small business through Medicare Australia. The clearing house service will be available for small businesses with less than 20 employees from July 2010. “To meet their […]
The Investment Allowance (or tax break) was part of the Government’s stimulus package designed to ensure that business investment remained consistent, despite the dwindling economy. Unfortunately, a lot of time passed between when the Government first announced the tax break and the rules being enacted by Parliament. As a result, there was little guidance on […]
For many small business owners, their business is their largest asset and for many, one that is expected to help fund their retirement. We take a look at what your business is really worth and what sets a high value business apart. Irrespective of whether you are contemplating retirement or have many years ahead of […]
Author: Thomas J. Stanley and William D. Danko Published by Pocket Books In ‘The Millionaire Next Door,’ Stanley and Danko summarise findings from their research into the primary determinants that explain how the elite club of millionaires have become ‘wealthy.’ Focusing on those with a net worth of at least $1 million, their results show […]
The ATO has the discretion to vary the amount a payer is required to withhold from a withholding payment, to meet the special circumstances of a particular case. By completing a PAYG income tax withholding variation, property or other investors may be eligible to have investment deductions effectively refunded during the year through a reduction […]
Every day business owners ask the question ‘what makes a great business and what do I need to do to move from good to great?’ The recipe for a great business is not about industry, size or location; it’s about a series of winning fundamentals that define all great businesses. Let’s have a look at […]
Like never before, businesses are being encouraged to actively manage their cash flow. The global financial crisis has put cash management under the spotlight as companies, large and small, fail. In the SME sector, cash flow issues are the most common cause of failure. Businesses simply run out of cash and collapse or are forced into […]
Over the last two decades, customer loyalty programs have exploded. Consumers under 30 probably don’t remember a time when they went to a supermarket and bought groceries – or fixed your car or checked into a hotel – without showing a customer loyalty card. For big corporations, the value of customer loyalty programs is hotly […]
Great partnerships can make great companies. Look at Hewlett Packard and Microsoft for example. However, before getting involved, it pays to get an understanding of the perils and pitfalls of partnerships. For anyone starting or trying to grow a business, working with a partner can be great. After all, it’s tough and lonely to build […]
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