NOT HAVING A BUSINESS PLAN CAN RESULT IN A BUSINESS PLANNING TO FAIL
NOT HAVING A BUSINESS PLAN CAN RESULT IN A BUSINESS PLANNING TO FAIL One of the main ways to maximise the chance of the business exceeding is to plan for that ac success. In my opinion there are two types of business plans for small businesses. The first can cost a lot of money and […]
HOW TO PICK A PROFESSIONAL FINANCIAL PLANNER THAT CREATES WEALTH FOR YOU
HOW TO PICK A PROFESSIONAL FINANCIAL PLANNER THAT CREATES WEALTH FOR YOU Selecting a financial advisor that is working in your interests, rather than their own, comes down to asking the following questions: Can you provide broad tax planning advice. Many people would not realise that for a financial planner to provide tax advice they […]
PROTECTING THE VALUE OF YOUR BUSINESS
PROTECTING THE VALUE OF YOUR BUSINESS Businesses can be started in many ways. They can start as a hobby that grows into a business. They can develop from someone that has a technical ability, such as a doctor starting a medical practice or a carpenter that becomes a registered builder, or they can be purchased. […]
MAXIMISING SMALL BUSINESS CAPITAL GAINS TAX CONCESSIONS
MAXIMISING SMALL BUSINESS CAPITAL GAINS TAX CONCESSIONS Often the most valuable asset a small business owner has is their business. When Peter Costello was treasurer he recognised this, and introduced a new section into the income tax assessment act that he said was to provide, “small business people with access to funds for retirement or […]
SMALL BUSINESS TAX MISTAKES
SMALL BUSINESS TAX MISTAKES When it comes to tax mistakes a business owner can make there are many. But three stand out as the most repeated, easiest to avoid and tend to revolve around cash. They are hiding cash, not managing cash flows, and not borrowing tax effectively when there is not enough cash. The […]
TAX THROUGH THE AGES
TAX THROUGH THE AGES They say that there are two inevitabilities in life, death and taxes. When you look at the history of taxation you also realise that with taxation came the other inevitability, tax avoidance. Income tax as we know it today is however a relatively new innovation. One of the earliest examples of […]
THE SEVEN KEYS TO BUSINESS SUCCESS
Running a successful business can mean different things to different people. For some it means just surviving from day to day. For others it is having enough money to enjoy the finer things in life like imported cars and overseas holidays. One common factor for all businesses is the important role that the owner manager […]
