Sullivan Dewing News

Our blog has the latest news and insights on tax, accounting and growing wealth, to help you build a successful business that will achieve your financial goals. To get Sullivan Dewing news straight to your inbox, subscribe to our newsletter.

Profit: Are you getting any?

Jennifer Palmer - Aug 2019
Imagine you are a juggler with 5 balls in the air.  This is something like what a business owner must feel when managing their business. Four of the balls are the same colour representing product, sales, marketing and people.  All important for a business to survive and grow.  The fifth ball is profit - the most important ball to keep in the air.  Why?  Too many people make the mistake of focusing on sales alone.  You should never take your eye of the profit ball.  Remember the saying; sales are for dreams, profits are for keeps. Read More

Tax Tips for the end of financial year

Jennifer Palmer - May 2019

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Opposition’s Reply to the 2019 Federal Budget - Review

Jennifer Palmer - Apr 2019

Labor have made a commitment to tax reform in their reply to the Federal Budget.  Here are the key takeouts from Labour.
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2019 Federal Budget Review

Jennifer Palmer - Apr 2019

The 2019 Federal Budget has been released, forecasting a return to surplus of $7.1Bn next financial year with a continued focus on tax relief. Personal income tax offsets are proposed immediately for low and middle income earners and favourable bracket adjustments are to come into effect by 2024/25. Small business tax relief includes an extension to the instant asset write-off until 30 June 2020 and an increase to the claimable threshold to $30,000 per asset. There are a collection of spending measures aimed at bolstering education, healthcare, defence and “congestion-busting” infrastructure. As with each year, it is important to note that these changes are proposed, and still need to pass through parliament before becoming law.   Read More

What makes a successful business?

Jennifer Palmer - Mar 2019

Regardless of your definition, there are a number of common characteristics of a successful business.

Successful business owners focus on the following key areas: Read More

New Year Focus

Jennifer Palmer - Feb 2019

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. Read More

Single Touch Payroll (STP) Fact Sheet

Jennifer Palmer - Feb 2019

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FBT and Christmas parties

Jennifer Palmer - Oct 2018

FBT and Christmas Parties Read More

Business growth and success is all about analysing results and looking for opportunities.

Jennifer Palmer - Mar 2018

Sounds straightforward right?  However, as any business owner will tell you running a business is a full time job and more!  That means things can get pushed to the side and sometimes it is just easier to continue on rather than review what’s been happening, or what opportunities might exist. Read More

3 ways NOT to go broke in business...

Jennifer Palmer - May 2017

3 Things every business owner should be doing. It doesn’t matter whether you are BHP or the suburban retail shop. The following rules apply to you. It is just the depth of information that differs. Read More

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