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Tax Update February 2012
Stay up-to-date with the latest tax changes, ATO rulings and find out how they will impact on you as an individual and your business.
Small business depreciation rules
The Government recently released exposure draft legislation proposing to make several tax law amendments in relation to depreciation rules for small business. The proposed amendments will apply to small businesses that have an annual turnover of less than $2 million for an income year from the 2012 - 2013 income tax year....
Contributing to superannuation
A guide to how much you can contribute to your super each year.
Is it time to get out?
Have you put dollar after dollar into a new business? Fought day and night to keep a struggling business alive? If so, you would know how hard it is to decide when enough is enough.
When an employee leaves
Having to replace someone who has retired, or simply decided they want a change, can be a challenging experience for a manager. As managers typically rely on their key employees, the transition may even have a detrimental impact on operations.....
Building a brand
A brand identity represents a mental or emotional association in the mind of a customer. It is initiated by the images used in your advertising, and by the words used to describe your products. After sufficient impressions, the customer remembers these associations and a brand is born.....
Tax Update December 2011
Our regular monthly tax update for businesses of the South West, WA.
The one-page business plan
How to put together a one page business plan in 9 easy steps.
New rules for Director Liabilities
The increasing number of companies going into liquidation and administration has triggered a proposal by the Government to increase the liability of directors for failing to meet their obligations as employers.
Bonus or cash? What's the difference?
With Christmas fast approaching, now is the time for employers to consider their end-of-year plans....
New regulations for SMSF investments
From 1 July 2011, the ATO implemented new legislative standards on collectables and personal use assets purchased by self-managed super funds (SMSFs)....
Plan to succeed!
Why succession planning should be top on your list....
Market like a guerrilla
Many small to medium sized enterprises start up their businesses with high hopes, a million and one things to take care of and – no marketing plan. Ironically, a solid marketing plan with structured activity over 12 months is the one thing that can keep your business going when customers become scarce and the economy falters.
FBT on office Christmas party
In the lead up to the end-of-year, employers should be thinking about the tax deductibility and fringe benefit tax implication of office Christmas parties. Many employers are caught out by failing to adequately understand the FBT impact of Christmas.
Duty of care at Christmas time
It is that time of year again, the holiday period is just around the corner and the excitement of the work Christmas party is setting in. Ideas are being tossed around about locations and caterers and the Christmas spirit seems to be flowing through the office....
Seeking guidence with a tax audit?
Will you be a target for a tax audit? The possibility of being selected for a taxation audit is rapidly increasing each year as the Australian Taxation Office (ATO) widens the scope of its audit activity due to technological advancements, allowing them to narrow their investigations to those areas where there is the most risk to revenue.
Prepare for the New Year
As many business owners would agree, now until the start of the New Year is an incredibly busy time. Other service businesses can be equally overwhelmed. For retailers, 50% of their sales may come from this period.....For others, the year end can be one of the slowest times of the year. Clients might be away, employees aren’t around to finish projects and the phones don’t ring. That makes this a perfect time to take care of some end-of-year tasks.
Tax Update November 2011
Keeping you informed with all the tax office initiatives, changes and lastest news.
Is that a proposition...(or is it just another me-too experience?)
Propositioning your customers may sound a little R-rated, but what we’re talking about here is coming up with the right way to deliver a truly outstanding customer experience that will keep them always wanting more – and even better, telling their friends all about it!
Wake up your sleeping giant (no matter how big...or small)
You don’t need to create the world to develop a successful business. Whilst business innovation is about new ideas, products, services, marketing and distribution methods -it’s also about the culture of an organisation. We can’t all be Bill Gates or Steve Jobs, but we can come up with some fresh and innovative ideas that will give our business a boost and keep the customers interested.
