Blogs & Resources
13 October 2025
What are the differences between fixed and variable costs and which are preferable?
Fixed Expenses are costs that remain the same every year, they remain unchanged, they do not vary or alter depending on the activity of your business.Variable E…
10 October 2025
You have just bought yourself a job.
When you're running a business, you're not just trading time for money like an employee. You're taking on risk, responsibility, and the hope of buil…
2 October 2025
Should I get a business overdraft?
When you are experiencing tight cash flow in your business an overdraft or line of credit can solve many problems. Tight cash flow could be result o…
30 September 2025
What is the difference between markup and margin when pricing your products and services?
Both of these terms are closely related.Markup bases its measurement on the cost of a product / service.Margin bases its measurement of the sale price / revenue…
28 September 2025
The importance of knowing your direct versus indirect costs when running a business.
21 September 2025
How much will this cost, what will my return be; and when will I receive the cash?
In most businesses people ask what will the cost of this be? When you should also ask when will I received a return by way of cash in my bank account.&nbs…
19 September 2025
10 ways to improve your Creditors / Accounts Payable.
17 September 2025
Understanding Work In Progress (WIP) to improve your business.
Work in progress (WIP) refers to goods; products; and / or services that are in the process of being manufactured; assembled; and provided but not yet completed…
14 September 2025
10 steps to improve your trade debtors / accounts receivable.
7 September 2025
My business is growing but I have no money???
31 August 2025
When not to apply the main residence exemption.
The main residence exemption is contained in Sub division 118-B of the Income Tax Assessment Act 1997. It is designed to ensure that any profits made n th…
28 August 2025
Importance of understanding your Affiliates for the Small Business Capital Gains Tax (CGT) Concessions.
24 August 2025
How is the maximum net asset value test calculated for the CGT Small Business Concessions?
This test is outlined under Section 152-15 of the Income Tax Assessment Act 1997. If just before the CGT event the sum of the following amount does not exc…
14 August 2025
How is the $2 million aggregated turnover test calculated for the CGT Small Business Concessions?
Section 152-10 (1AA) of the Income Tax Assessment Act 1997 states – you will be a Small Business Entity if your turnover is less than $2,000,000. &n…
30 July 2025
Basic conditions for a business to access the Small Business CGT Concessions and reduce their liability
24 July 2025
How to reduce your tax bill to NIL when selling your business.
The Small Business 15-Year CGT Exemption is the most generous of Australia’s four small business capital gains tax concessions. If you qualify, you can di…
