With the 2016 year now in full swing we look at some important business and wealth strategies that business owners should consider to improve their overall financial health. Strategy 1 - Managing business risk Monitoring business performance and understanding the...

In Australia, there are 3 main types of employment contracts: permanent (full-time or part-time), casual, and fixed term (whether full-time or part-time). This article focuses on fixed term contracts, which are perhaps the least common type of employment contract....

Being a Company Director is an onerous role that requires a director to be aware of a wide range of activities affecting the company, including: Understanding Financial Accounts This relates to: Monthly Trading Profit & Loss Accounts for each business activity...

The 2016 FBT year ends on 31 March 2016. As this date is fast approaching businesses should now be planning to ensure their documentation is in place to accurately prepare and lodge their FBT returns on time. FBT registration The first thing businesses should check is...

(Aggregated turnover of over $2 million.) Prepayments The prepayment rule for other small businesses applies to business taxpayers with a group turnover of $2 million or more. General Deductions Staff Bonuses – ensure a cheque has been written prior to 30th June 2016...

(Aggregated turnover of less than $2 million – “aggregated turnover” is calculated on a group basis and must be “business income”.) The small business entity rules apply to a sole trader, partnership, company or trust which has a group turnover of less than $2 million...

Opportunities are all around us. Some people see them, others don’t. Life is all about taking advantage of our opportunities when they’re presented. You’ve all heard of the concept “working ON your business”. A Global Business Camp is a great opportunity to “work ON...

The small business instant asset write-off announced in last year’s Federal Budget has proved very popular with business owners. To assist owners to better understand this new measure, we've produced some frequently asked questions and accompanying answers....

Parents and grandparents usually put money aside to help pay for education or other expenses that come up through the child’s early years, or to provide a kick-start to pay for university, travel or a deposit on a home. There is a selection of financial products...

While taxes can be managed throughout our life, planning for one’s own death is more complex and difficult. The first issue is having a will. When asked if they have a will, more often than not people answer ‘no’, and even when the answer is yes, it is often followed...