Every business has systems of some sort, but the difference between a good business and a poor one is how they are implemented. When most business owners think of systems,…
Hiring your children and family members is one of the most powerful tax strategies available to small-business owners today. Sadly, however, it’s underused. There is a legal principle that some…
Competition for the Christmas dollar will be very fierce this year as online shops and retail outlets go head to head. With Christmas approaching you may think you’re ahead of…
“16 more sleeps and it’s Christmas Day”, I heard one of my daughters say this morning. Time marches on so quickly and in the words of Willy Wonka “so little…
Many businesses – outside of the retail industry, at least – slow down over the Christmas holiday period, but an unexpected disaster can strike at any time. So how can…
The Government had previously introduced a new compassionate ground of release allowing individuals to access their superannuation entitlements where those benefits are required to assist them to deal with the…
The Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020 legislative instrument was registered last Tuesday, setting out the decline in turnover test for the extension of JobKeeper to…
Here’s a step-by-step process to help you review your superannuation statement: Check your details are correct. Address, contact information, date of birth, tax file number and so on. If you…
Business owners often confuse margin and mark-up. Each figure helps you set prices and measure productivity. But, a margin vs. mark-up chart shows that the two terms reflect profit differently.…
Implementing four key fundamental rules will help businesses rebuild, recover and thrive after the crippling coronavirus pandemic. Warrnambool business development specialist Chris Beks says many businesses have had to strip…
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