For business owners looking to sell their business as part of their overall retirement strategy, there are some practical measures they can apply to maximise its value. By focusing on the value drivers in the categories: sales and marketing, operational, financial, legal and on point of sale, owners can optimise the value of their business […]
The SuperStream standard is part of the government’s Super Reform package. It provides a consistent, reliable electronic method of transacting linked data and payments for superannuation. The goal is to improve the efficiency of the superannuation system, to improve the timeliness of processing of rollovers and contributions, and reduce the number of lost accounts and […]
There are a number of things that you can do to make your workplace a more productive environment. While it is extremely important to consider interpersonal issues that may impact productivity, you should make sure that you don’t neglect the physical work space. Here are our top tips for boosting productivity: Natural light Allowing a significant […]
There are four capital gains tax (CGT) concessions that can be applied to the sale of small business assets. These concessions can be extremely effective in reducing your tax liability. It is in the interests of all business owners to be aware of the compliance issues surrounding these CGT concessions as it may help to […]
Effective and reliable record keeping is extremely important for small businesses. Maintaining organised records will help you to meet your tax obligations and will be extremely helpful in the event that you get audited. A good record keeping system can also help you to monitor and reflect on your cashflow, and can be a valuable […]
The end of the FBT year is fast approaching and it is a good time to reflect on your FBT plans for 2015-16. Fringe benefits are benefits that you provide to your staff that fall outside the categories of traditional wages and salaries. Examples of common fringe benefits include cars, low interest or interest-free loans […]
Managing your cashflow is crucial to running a successful business. Running out of liquid capital is one of the most common reasons that small businesses fail. Monitoring your cashflow and planning accordingly is important at every stage of the business lifecycle; however, it is especially critical that businesses experiencing rapid growth remain acutely aware of their […]
The new year is always a great opportunity for business owners to take a step back and think about what they can do to improve on previous years. Sometimes, the answers are glaringly obvious but in other instances, you may have to think a little outside the box. Even if you are entirely satisfied with […]
If you understand the nature of your customers’ needs you will be able to market your products and/or services far more effectively. Different types of customer needs require different marketing and advertising strategies. These are the three most basic types of customer needs and how best to target them: 1. Immediate needs These are short-term […]
In order to survive and thrive, entrepreneurs and small business owners need to keep up-to-date with current business trends. You should always be aiming to learn new techniques to improve your business. Here are some lessons that can help small businesses stay relevant and survive: Helping customers find you online One of the most common […]
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