Business Building Blog

Are you ready for SuperStream?

Jennifer Palmer - Wednesday, March 26, 2014

SuperStream is part of an Australian Government reform that aims to streamline the superannuation system. Under SuperStream, employers must make super contributions on behalf of employees by elect ..

Why you need to get in the cloud

Jennifer Palmer - Wednesday, March 26, 2014

The shift toward cloud-based software is perhaps one of the most defining technological movements of this decade, with applications from Google Apps and Dropbox to remote email access giving us th ..

Personal Property Securities Register

Jennifer Palmer - Tuesday, January 28, 2014

The Personal Property Securities Register (PPSR) is an Australian Government national online register of security interests in goods and other personal property which is regularly used by buyers,  ..

New Year Focus

Jennifer Palmer - Thursday, January 23, 2014

A new year is the perfect time to take stock of where you and your business are going. There is no point in waiting until after June 30 to take time out and review your business. So with ..

MySuper is now Compulsory

Jennifer Palmer - Wednesday, January 22, 2014

From January 1, if one of your employees hasn’t nominated a preferred superannuation account, you must choose a MySuper compliant account for them. MySuper products must meet speci ..

Low Hanging Fruit

Jennifer Palmer - Wednesday, January 22, 2014

While most business owners are chasing new clients, did you ever stop to consider that increased sales may be captured more easily by simply showering your existing clients with a top notch produc ..

Without the Zero, Accounting is just Counting!

Jennifer Palmer - Monday, January 20, 2014

Did you ever wonder about the origins of accounting? Possibly not! Did you know that the ‘father’ of double entry accounting was a 15th century Franciscan monk called Luca Pacioli, a t ..

Is your business or company name protected?

Jennifer Palmer - Monday, October 28, 2013

Many people think that registering a business or company name means they own the name and can protect themselves from business identity theft, but this is not the case. Protection and ownership of ..

Are you deducting tax on sub-contractor payments?

Jennifer Palmer - Monday, October 28, 2013

In a recent case, an employer was liable for $150,000 of tax that should have been withheld on payments to sub-contractors, in addition to a penalty of 25 percent for failure to withhold. Although ..

R&D tax incentive

Jennifer Palmer - Thursday, August 22, 2013

Companies with a turnover of less than $20 million that are undertaking research and development (R&D) may receive an uncapped, fully-refundable offset if they are in tax loss. From ..

Quick Q&A: Super

Jennifer Palmer - Thursday, August 22, 2013

The rate of super guarantee contributions will increase to 12 percent gradually, beginning with an increase to 9.5 percent on 1 July 2014. The rate will then increase by 0.5 percent on 1 July each ..

10 mistakes that will cost your business

Jennifer Palmer - Thursday, August 22, 2013

Every small business owner makes a mistake every now and again. Unfortunately, some mistakes can seriously damage your business, so it’s important to know what to look out for. 1.  ..

Happy New Financial Year!

Jennifer Palmer - Monday, July 08, 2013

Just as you use a map on a driving holiday to get to your next destination, you need a road map for your finances so you can figure out where you’re heading and how you’ll get there. Y ..

How much super is enough?

Terry Dewing - Sunday, July 07, 2013

Calculate your needs Essentially, the amount of super you need depends on how long you live, what type of lifestyle you want and future medical costs. The Association of Superannuation Funds ..

Thriving, not just surviving, in tough times

Jennifer Palmer - Friday, May 10, 2013

Small business owners can certainly prosper in these tough times, so long as sound business management practices are in place. Now is the ideal time to step back and finetune your business, making ..

R&D Tax Incentive

Jennifer Palmer - Monday, May 06, 2013

Businesses with a turnover of less than $20million doing eligible R&D can receive an uncapped fully refundable offset if they are in tax loss. From 2014 eligible companies will be able to rec ..

Grease & Oil Check Your Accounts

Terry Dewing - Monday, May 06, 2013

What is a “Grease & Oil Check”? It is a process that reviews the accuracy of your accounts to date, which enables tax planning to be done on your true profit result, as well as  ..

End of Financial Year – Tax Tidy up Tips!

Terry Dewing - Monday, May 06, 2013

Now is the time to focus on Tax Planning and any Tax issues that affect you before 30 June. Follow these handy tips. Superannuation 1. Pay all super owing to employees before 30 June 2 ..

Proposed Changes to Superannuation

Terry Dewing - Wednesday, April 10, 2013

The Government announced proposed changes to superannuation on 5 April 2013. These proposed changes are not law and have a long way to go before they become law. There has been a lot of media hype ..

Commencement of Super Guarantee Contributions (SGC) Increase

Terry Dewing - Wednesday, March 27, 2013

The SGC system has now been around 21 years and this year brings more changes. From 1 July, employers will be required to contribute an additional 0.25 percent to their eligible employee ..

What happens to your superannuation when you die?

Terry Dewing - Wednesday, March 27, 2013

You have been accumulating smartly in preparation for your retirement but it is now time to think about what happens when you die. You should start asking yourself, if you haven’t already do ..

10 Easy Steps to creating your SMSF

Terry Dewing - Wednesday, March 27, 2013

Establish a superannuation trust deed. Possibly the most important document as without one you don't have a SMSF. The trust deed sets out the rules and objectives in relation to your fund. While you ..

Simple Strategies to Grow Your Business

Terry Dewing - Friday, March 01, 2013

There are just 4 ways to grow your business. If you're at all sceptical about whether there really are just 4 ways (obviously with multitudes of strategies under each) think of a strategy to grow ..

My Life as a Donut!

Jennifer Palmer - Wednesday, February 06, 2013

Need a clear snapshot on how Social Media works? This donut analogy was recently used at our Marketing Rich Seminar to explain the different Socal Media services and platforms. Here is  ..

5 Key Tips To Becoming Financially Well Organised

Jennifer Palmer - Monday, February 04, 2013

You’ll recall that in the last issue, we talked about the concept of becoming “Financially Well Organised”, and the difference this could make to your business and to your person ..

Opportunities for SME participation in government procurement

Jennifer Palmer - Wednesday, January 30, 2013

New policy to help NSW SMEs gain government contracts. These changes form the new NSW Government Procurement: Small and Medium Enterprises Policy, which was announced in mid-December 2012 to pr ..

2013 New challenges for you

Terry Dewing - Wednesday, January 30, 2013

The art of a good leader is to take your team wherever you want them to go. And there is a difference between a leader and a manager. A couple of quick questions to set you on your way:  ..

Personal Properties Securities Act - NOT Boring!

Scott Nicholls - Tuesday, January 29, 2013

Jacksons Rare Guitars sold instruments to the stars and was placed in voluntary administration last year leaving more than 100 clients who were selling their instruments on consignment with only a ..

How your business can benefit from using a board of directors

Jennifer Palmer - Friday, January 25, 2013

Would you run a mile at the thought of holding regular Board Meetings with a Board of Directors, cringe at the thought of being accountable to a group of people about your business, gasp at someon ..

Are you on the cashflow rollercoaster?

Jennifer Palmer - Tuesday, December 11, 2012

The rollercoaster ride of living from a sales flood to drought can often be unnerving and stressful for both the uninitiated as well as the seasoned business owner. Planning is the key to surviv ..