How to recognise when ageing equipment may be holding your business back Most business equipment does not stop working overnight. It usually becomes less reliable little by little. A machine takes longer to complete the same task. A vehicle needs another visit to the mechanic. Software freezes at the worst possible moment. Staff develop clever…
LIFE CHANGES. HAS YOUR STRUCTURE KEPT UP? Investment structures are often established for good reasons. A trust may offer flexibility. A company may suit a growing business. Superannuation may support a retirement plan. The challenge is that structures can remain unchanged long after the reasons behind them have shifted. A review does not assume something…
Six questions to help make your next equipment investment count A new financial year often brings fresh energy. Business owners review their plans, consider upcoming opportunities and think about what may help the business work smarter. For some, that may include: replacing an unreliable vehicle, upgrading machinery, introducing better technology, or investing in equipment that…
When business owners think about finance, many immediately think about a business loan or overdraft. While both continue to play an important role, they’re no longer the only options available. The business finance market has evolved significantly over recent years, providing access to a broader range of funding solutions designed to support different business needs.…
The beginning of a new financial year is one of the best times to step back and review where your business is today and where you would like it to be over the next twelve months. For many business owners, July is when budgets are reviewed, sales targets are set and business plans are refreshed.…
July often feels like an avalanche of deadlines and updates, and it is easy to respond by either ignoring everything or trying to do it all at once. A simple triage approach helps you focus on the obligations that genuinely matter in July, while scheduling the rest for when your year end information is complete…
You can lodge your tax return from 1 July. However, for most Australians, doing it too early is one of the quickest ways to end up with the wrong refund, delays and avoidable ATO attention. Tax time is not a race Once 1 July rolls around, it can feel like a race to be first…
Many people think EOFY tax planning is only about finding more deductions. However, without professional review, you may miss important compliance issues or planning opportunities that the ATO could flag in an audit. Issue 1 Family Trust Distribution Tax (47% FTDT) If your trust has made a Family Trust Election (FTE), distributions outside the nominated…
The end of the financial year (EOFY) is approaching, and for many Australians, it means scrambling to gather receipts or worrying they have left thousands of dollars on the table. However, the most financially astute individuals and business owners do not wait until 29 June. They schedule a tax planning session now, in late April…
When fuel is expensive and money is tight, many Australians end up wondering: do I hang onto this car, try to secure a more suitable loan, or change cars altogether? There is no one right answer, however there is a simple way to think about it so you are not making a rushed, emotional decision…