When confronted with a new business opportunity frequently people just think about what name to use and where to bank all of the money they are going to make. The other common issue is how easily and cheaply can they get started. The simple and practical answer may not be adequate.Details
Everyone comes into retirement differently, with different needs and different expectations. The only common factor for those approaching retirement? Planning is crucial. It is essential to have a solid idea of how you want to live in the years following retirement, and the financial income that will be needed to accommodate the lifestyle you envisage.Details
A self managed super fund (SMSF) can be a great way to run your own superannuation investments and retain control over assets and decisions. However while there are a number of upsides for the right clients when it comes to running a SMSF, one of the downsides is that you – as the trustee – are completely responsible for the fund. This can become a little more complicated when there are changes to existing legislation, so it’s vital that you always remain aware of the rules and any amendments that occur. With the Federal Government’s budget repair strategy, there have been a number of key changes in the 2015 tax year that should be noted.Details
A financial plan is a component of a business plan that serves more than just one purpose. The projections made determine the viability of a business, making it the essential part of any loan or venture capital application. Investors need to know they can get a return on their investment, and banks need to know that loan repayments can be managed. In essence, the financial plan becomes the reference against which you monitor your business’s performance. So how can you develop a financial plan for your small business?A financial plan has three major sections:
- Income statement
- Cash flow projection
- Balance sheet
Stay on top of recent floats to the Australian Securities Exchange with our guide. You’ll find a wealth of necessary information, including float dates, expected share price, and links to prospectuses and investor info.
We all understand the commercial pressure derived from declining revenues, declining gross profit margins, wages push and aggressive landlords. The intuitive reaction must be to change. The famous football coach Wayne Bennett has been quoted to say when times are tough– “don’t get bitter, get better”! In my opinion, lessons derived from sport can often be applied to business.Details
As part of internal housekeeping, we are consolidating our Tax Agent Registration details. You may notice the change in number on your next return.
There is no change in services provided to our clients. However should you have any queries please contact
Adrian or Anneke this week.