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Your step-by-step guide to setting up an SMSF
Are you worried that your hard-earned money is not working hard enough for you? That your dream of your golden years spent on the golf course or with loved ones on the beach is fading fast? Think you can do a better job yourself - by managing your own super? You may...
Six steps to bullet-proof your business against an economic downturn
Economic headwinds got you looking to the horizon? In this article, Jamie Davison of Carbon Group suggests ways you can shore up your business for any eventuality. The effect of a downturn in the market has strong implications on businesses of all sizes. No matter how...
Eligibility changes for lower company tax rate
From the 2017–18 income year, you must be a base rate entity to be eligible for the lower 27.5% company tax rate. A base rate entity must have: a turnover less than $25 million (this turnover threshold increased to $50 million from 2018-19), and 80% or less of its...
Business owners: 5 types of insurance you might be overlooking
Whoever said, “You can never have too much insurance” obviously never had to pay the premiums. Still, there’s no denying the fact you need it to protect your business and its assets. So you probably have building and contents, public liability and public indemnity...
Business owners: How to eliminate the administrivia of saving and filing receipts
They say only two things are certain in life: death and taxes. For a lot of people, there’s also a third certainty in life: the pain of keeping track of every receipt when it’s time to do the taxes. How many times has your bookkeeper or finance manager asked you for a...
Why a good cash flow can be more important than a big profit
There’s a saying in business, “You can go broke making a profit.” And another, “Cash is king. Profit is theory.” As you know only too well, you don’t pay rent, meet payroll or pay your bills with profit. You pay them with cash. A business can make a lot of sales, have...