Blogs & Resources
11 March 2020
The margin of safety for your business.
The Margin of Safety is a measure or Key Performance Indicator (KPI) of how far your sales can fall before reaching your breakeven point. It is a measure …
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8 March 2020
Napoleon Bonaparte and your business.
Napoleon Bonaparte once famously said ‘An army marches on its stomach’. This also holds true for a business except in this case the food is cas…
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2 March 2020
Taxation Update - March 2020
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:Court confirms ATO's position on foreign income …
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28 February 2020
Tax Deductions – the importance of substantiation and proving your Deduction.
In a recent case heard before the Administrative Appeals Tribunal of Australia. A taxpayer was disallowed his car expenses as he was unable to substantiate…
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24 February 2020
Reduce my excess contribution tax and increase my tax deduction.
This can be achieved by using contribution reserves.The Australian Taxation Office (ATO) released Interpretative Decision 2012/16 (ID 2012/16) that provid…
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23 February 2020
3 Critical Areas Your Business Should Focus On.
If you told me you wanted to run a marathon and were going to prepare for the big event by going for a slow jog once a week, I’d say you were crazy. In fa…
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20 February 2020
What do YOU really want?
Many of our business clients have similar goals for both their business and themselves personally. In a nutshell these goals are:Increasing REVENUE.Increa…
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19 February 2020
Tax Planning – Review your Fixed Asset Register; Stock Ledger; Debtors Ledger.
These three asset categories all can affect your profit and loss and therefore your taxable income. You should review your Fixed Asset Register to see if t…
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18 February 2020
Taxation Planning - Deferring capital gains events.
Managing the timing of a capital gain event can defer the tax payable on the event for a substantial period of time. It may also reduce the amount you eve…
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16 February 2020
Taxation Planning - Selecting an appropriate tax vehicle.
Choosing the correct and most appropriate business structure is a very important part of the due diligence in setting up a business.There are many examples in t…
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16 February 2020
Taxation Planning – Diverting Income
Diverting income is another widely used and effective means of minimising your taxation liability.Using a Discretionary (Family) Trust can prove to be very effe…
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14 February 2020
Taxation Planning – 6 ways of increasing your business deductions.
Increasing your business deductions is another widely used and effective means of minimising your taxation liability.Some of the areas to consider include:1. &n…
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13 February 2020
Taxation Planning – 8 ways to reduce your assessable income.
Reducing / deferring your assessable income is a widely used and effective means of minimising your taxation liability.Some of the areas to consider includ…
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7 February 2020
Taxation Update - January & February 2020
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:Lifestyle assets continue to be an ATO audit targetD…
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2 February 2020
Chasing the Chimera.
When it comes to improving your business for many owners it seems like they are chasing the Chimera. However, from a financial perspective, if you focus o…
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