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Accountants and Business Advisers
05 07 2019
A business needs to articulate the position of a good investment. The more risk for an investor (in this case the bank), the higher the reward they will expect (in this case the interest rate).
For most, this money printing machine just sits there at home, unprotected and uninsured…You guessed it – this machine is YOU… What would you do if you could no longer meet those large mortgage repayments?
Though most Directors would not knowingly participate in illegal phoenixing, moving assets to protect a Director’s personal financial wealth when a business is facing liquidation, could be viewed as phoenixing and both the Director and their adviser may now be held liable.
SME businesses without collateral to offer as security are likely to find it increasingly difficult to source financing at affordable rates.
There are around 600,000 SMSFs in Australia today with over 1.1 million Australians who are members of their own SMSF.
When utilised effectively, a policy of flexible working arrangements can help ensure employing companies have access to a broad and diverse talent pool to select their team from, the company can provide innovative solutions to their clients and they will generally have a more motivated workforce.
Foreign incorporated companies that are controlled by Australian groups should assess their Australian residency status to identify any risks and remedial action that may be required, especially where there are potential decision-making influencers in Australia.
28 06 2019
We have detailed the tax savings that could be achieved by making an additional $1,000 in deductible superannuation contributions prior to 30 June 2019.
24 06 2019
As the financial year draws to an end, business owners will be busy finalising their tax requirements, be it employee pays, financial statements, BAS. In the midst of all this, business owners need to be aware of the changes to minimum wage rates; something that often gets left off the to-do list.
Understanding the impact of the leading financial and non-financial indicators that drive your business isn’t something that is always clear from the outset. This is intellectual property that is generally built up over years of experience through a process of trial and error. Yet it is critical information that impacts the ability of a business owner to ultimately receive a return for the fruits of their hard work and energy, so isn’t it imperative that it is clearly understood from the earliest stage of a business’s life cycle?
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