Business
2015 Federal Budget Overview
The Federal Budget has been released for 2015. Some have declared that this is the best budget in seven years! The budget effects both individuals and small businesses thus why we have created a video which encapsulates the 7 announcements including recommendations to enable you to take advantage of the updates. (1) Changes to assets thresholds for the […]
Advantages and Disadvantages of Buying a Business.
Lan Nguyen, Chartered Accountant Advantages: Sense of security is obtained when buying an existing business. Existing customers and goodwill An established business will generally come with existing customers, clients, suppliers and staff. This eliminates much of the effort and expense needed to generate goodwill, branding, advertising and hiring staff. Expenses and finance The business is already operational and stock […]
Obtaining a Business Loan
Lan Nguyen, Chartered Accountant Need a Business Loan? When finding a loan that suits the needs of your business decide on how much to borrow. Things to consider: Initial set up costs Your ability to repay the loan Risks such as increase in interest rates. Information that a lender will require from you when applying […]
Buying a Franchise
Lan Nguyen, Chartered Accountant What is a franchise? Your own business with the benefit of support and security from a larger business network. Is a franchise right for you? To help you determine whether buying a franchise is the way to go, consider the following: Your wants and needs? Your strengths and limitations? Your skills and […]
CASH is KING – 7 easy steps to improve your cash flow now!
Lan Nguyen, Chartered Accountant I saw a couple in their 30’s working crazy hours building and growing their business. But at end of each month they still seem to struggle paying down their debt and bills. After paying GST, PAYG, wages for employees, income tax, superannuation, insurance and all business expenses…not much cash is left […]
What name should I run my business or hold my property investments in?
Lan Nguyen, Chartered Accountant We need to go through a few things with you to select the best structure for your new business venture or investment purchase. Taxation Sole Trader – taxed on profits at individual’s marginal tax rate Partnership – profits flow to partners, who are taxed at the relevant marginal rates Company – […]