A Reporting Change for Employers - Single Touch Payroll
The commencement of Single Touch Payroll (‘STP’) is quickly approaching with employers of 20 or more employees required to be STP enabled by 1 July 2018. Read More…
A Reporting Change for Employers - Single Touch Payroll
The commencement of Single Touch Payroll (‘STP’) is quickly approaching with employers of 20 or more employees required to be STP enabled by 1 July 2018. Read More…
When Can You Access Your Super?
Can’t I use my superannuation? This is a very common question we get asked and in this post we look at what the government restrictions are on accessing your super and the impact of preservation age. Read More…
Half of Australian Small Businesses Don’t Have A Website - Surely Not!
According to a recent Telstra survey, only 50% of Australian small businesses have a website. Surely this can't be true! With the same report finding that 62% of customers will stop considering a small business if they can't find information about it online - there can be no doubt that having a website is a fundamental weapon in your marketing arsenal. Read More…
ATO Audits – A Blitz on Cash-Based Businesses
The ATO recently conducted a blitz in specific suburbs around the country where it identified a suburb as having 'high cash economy risk behaviours'. Due to its success, the Tax Office will maintain its audit focus on cash-based businesses. Could yours be next? Read More…
Franchising is big business in this country and while buying into a franchise can often be promoted as a ‘gold mine’, the reality is, franchises can also fail. Let’s examine some of the most important things you need in place when buying a franchise. Read More…
Cash is King, make no mistake, but managing cash flow remains a constant challenge for today's small business owners. In this article we examine the differences between cash flow and profit and the importance of understanding your numbers to maintain a positive cash flow. Read More…
Website Essentials if You Want New Customers
Your marketing could be the difference between Gloom, Doom or Boom in 2018. We outline 4 Website Essentials you need if you're looking for new customers. Read More…
The Warning Signs Of A Cash Flow Crisis
Cash flow is the life blood of any business. In fact, it can be the difference between success and failure with a lot of business owners walking a tightrope. Let’s briefly examine some of the most common causes of a cash flow crisis. Read More…
There has been a fundamental shift in the way consumers make their purchasing decisions. The availability of free, high-quality information online has changed the way consumers buy and Inbound marketing has replaced traditional Outbound marketing methods. Read More…
Industries with the Highest Work-Related Expense Claims
The highest expense claiming industry claimed three times more than average... The variation is work related expenses is significant and supports the fact that every industry is different. Read More…
How To Build Your Email Subscriber List
As a savvy business owner, it’s important to use email marketing. The benefits of Email Marketing almost sound too good to be true – a 4300% ROI for starters! This article will guide you through the first step – how to build your email marketing subscriber list. Read More…
7 Trends Rocking Video Marketing in 2017
Video is no longer an option for businesses looking to grow, it’s essential. These are the video marketing trends that you need to be aware of in 2017 to stay ahead of your competitors. Read More…
What You Think You Know About Work Clothing Tax Deductions... Is Wrong!
Over the past five years, claims for uniform and laundry tax deductions have increased. The ATO had sat up and take notice. The ATO AC, Kath Anderson has stated that too many taxpayers’ beliefs around how to claim clothing deductions are wrong. Here, we provide helpful advice and tactics to ensure you're getting your tax deductions right. Read More…
Planes, Trains and Automobiles
You might be surprised to know the range of assets you can actually finance. While cars, trucks and equipment are items commonly financed, it is possible to finance boats, buses, planes, computers, dental chairs and office fit outs. Read More…
Tax Time: The Work-Related Expense Claims the ATO is Watching This Year
Australians claimed about $23 billion of work-related expense deductions in 2015/16, however, the ATO believe a significant proportion of this amount is the result of over claiming of expenses.
As a result, the ATO have stated that they will be monitoring higher than expected claims. These are the areas you should brush up on to keep your work related expenses clear.
Read More…
7 Deadly Wins to Lead Generation
Your website looks good, but it’s not getting visitors, generating leads and converting to sales.
The primary difference is that the brochure style websites are all about the company, while lead generation websites are all about the customer.
Let’s examine the seven must-have online marketing tools that can help you turn your old website into a lead generation machine.
Read More…
Airbnb is big and getting bigger. We answer the most common questions on the taxation implications, deductions and declarations around renting out all or part of your property on this very popular service. Read More…
Deductibility of Website Costs
When building a new website or investing in a website makeover or upgrade, it’s important to understand that not all website expenses are immediately fully tax deductible. Read More…
Disclosure of Tax Debts by ATO to Credit Reporting Agencies
The Australian Taxation Office (ATO) have for some years engaged external debt collectors to pursue small debts but they are changing their approach. Read More…
SMEs Come Under the ATO Microscope
Over 400 SMEs are about to receive a visit from the ATO as part of a crackdown on cash based businesses. Here are some ways to avoid attention. Read More…
Uber is looking for more drivers and Airbnb is seeking more hosts, but what are the implications of becoming part of this new 'sharing economy'? Read More…
Avoid These Common Errors on Your BAS
There is clear evidence that business owners continue to struggle to complete their Business Activity Statements (BAS). To help you we have identified three common errors... Read More…
Is Your Website Generating New Business?
It wasn’t that long ago that most websites were simply electronic brochures. They simply listed the who, what and where of the business but times have changed. Read More…
How to Get Your Business Off to a Flying Start
Starting a business can be a maze of research, registrations and red tape. No amount of passion can guarantee your business success but the proverb, ‘failing to plan is planning to fail’ serves as both great advice and a warning for new entrepreneurs.
Read More…
More Website Traffic with Search Engine Marketing (SEM)
When Google displays its search engine results page they display three different types of results including organic, pay per click and local search results. Let’s explore how they all work. Read More…
Your website should effectively be your home base on the internet but how does it actually work and what is hosting and domain names? Read More…
Your Online Presence in the Digital Age
In the digital age your online presence could make or break your business. While your website should be at the hub, your digital presence needs to extend beyond a website. Read More…
When you're investigating buying a business it's important to do a detailed review of the business's operations, finances, reputation and industry as part of what is called the ‘due diligence’ process. Read More…
Grow Your Business by Increasing Process Efficiency
In this final post in the series we look at the fourth way to grow your business - increase the effectiveness of each process in your business. Read More…
How to Increase Your Average Sale
Every entrepreneur wants to grow their business but there's no simple formula that guarantees success. In this series of posts we are up to the third way to grow your business, how to increase the value of each sale. Read More…
How To Increase the Number of Times Customers Come Back
Clearly, everyone wants to grow their business. Unfortunately there is no magic potion or silver bullet but we do know there are only four ways to grow a business. In this blog we examine the second method, how to increase the number of times a customer comes back and buys from you. Read More…
4 Ways to Grow Your Business #1
Everyone wants to grow their business, however, there is no 'magic marketing bullet'. Fundamentally there are only four ways to grow a business including, increase the number of customers of the type you want. Read More…
How To Plan & Build a Killer Website
In this video I’m going to address the key steps in planning and building a killer website for your business. Let me start by saying that building a great website is a process. In fact, the process is ongoing because your website will always be a ‘work in progress’ thanks to changing consumer behaviour and technological change. Read More…
Why You Need a Website That Sells
In this short video, I'm going to discuss the importance of having a website in the digital age. Now... I'm not talking about an electronic billboard that simply lists the who, what and where of your business... I'm talking about a website that will generate significant traffic, convert those vistors into clients and help you make more money. Read More…
Lessons From the Shark Tank #3
I must admit I don’t watch a lot of television but I did enjoy the latest Australian season of Shark Tank where budding entrepreneurs seek funding from a panel of wealthy investors (the sharks). While it’s another form of reality TV the show does provide business owners with some valuable business lessons. In this edition we ask the question, should you swim with sharks? Read More…
Lessons From the Shark Tank #2
I must admit I don’t watch a lot of television but I did enjoy the latest Australian season of Shark Tank where budding entrepreneurs seek funding from a panel of wealthy investors (the sharks). While it’s another form of reality TV the show does provide business owners with some valuable business lessons including the importance of knowing your numbers. Read More…
Lessons From the Shark Tank #1
I must admit I don’t watch a lot of television but I did enjoy the latest Australian season of Shark Tank where budding entrepreneurs seek funding from a panel of wealthy investors (the sharks). While it’s another form of reality TV the show does provide business owners with some valuable business lessons including the importance of business planning. Read More…
Thinking of Starting a Medical Practice?
Starting a medical practice necessitates research, risk, passion and planning. However, a great idea, loads of talent or enthusiasm is not enough to guarantee business success in the digital age. Read More…