Taking a business from Good to Great is difficult … but staying there can be even more difficult. Clarity and alignment of stakeholders’ goals is critical for sustained success. The objectives of equity holders, (key) internal personnel and customers must…
The answer is ‘what someone’s prepared to pay for it’ and that is only known when it’s actually tested. It’s no different to the value of a house. Business owners too often delude themselves by what they think their business…
Most businesses recruit on only one of two other occasions: when someone leaves or when the business is growing and there is a need for another resource. This approach means that the opportunity to improve the overall quality of the…
From 1 July 2021, the caps for concessional (pre-tax) and non-concessional (post-tax) contributions will be indexed. Any amount contributed in excess of these caps may be subject to additional tax. In 2020-21 the concessional contribution cap was $25,000, this will be increasing to $27,500 in…
The ATO’s small business independent review service will be offered permanently as a dispute resolution option for eligible small businesses with a turnover less than $10 million. It provides small businesses an additional opportunity to resolve a dispute with the ATO…
Privately owned businesses are not renowned for their astute financial management … and that is really quite absurd given that it is one of the fundamental reasons for being in business in the first place. To be complete it should…
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The minimum percentage employers are required to pay is set to increase over time, with the next increase to 10% due on 1st July 2021. This should be considered in part, a wage increase. What this Means for Small Business…
One significant change is affecting many businesses and those that are dealing well with it are benefiting …. those that aren’t may be suffering. The change is the difference between selling product and engaging an audience. Whilst it would be…