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Future-focused advice to help take the tax conversation beyond compliance

Future-focused advice to help take the tax conversation beyond compliance

Business Operations, Business Planning, Succession, Tax Compliance

As markets evolve, leaders need to revisit their strategies to stay competitive and thrive. This is challenging because change can be uncomfortable. A mindset change may be required to effectively respond to shifting conditions. 

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5 Ways to Stay Competitive in a Changing Market

5 Ways to Stay Competitive in a Changing Market

Business Operations, Business Planning, Tax Compliance

As markets evolve, leaders need to revisit their strategies to stay competitive and thrive. This is challenging because change can be uncomfortable. A mindset change may be required to effectively respond to shifting conditions. 

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Refining Accounting Processes to Save Time (and Cost) and Improve Efficiency – Setting Business and Personal Goals for the Year Ahead

Refining Accounting Processes to Save Time (and Cost) and Improve Efficiency – Setting Business and Personal Goals for the Year Ahead

Business Operations, Business Planning, Succession, Team Developement

The Accounting function has the important job of keeping managers informed on the state of their business, while ensuring compliance with rules and regulations.

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Building a Brand Identity to Standout in a Competitive Market

Building a Brand Identity to Standout in a Competitive Market

Business Operations, Business Planning

Most people acknowledge the value of a powerful brand… but defining ‘brand value’ can be complex. Here are some actions you can take in order to build the value of your brand.

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Setting Business and Personal Goals for the Year Ahead

Setting Business and Personal Goals for the Year Ahead

Business Operations, Business Planning, Succession, Team Developement

Successful business people often say having clear goals is instrumental to their success. They relish thinking about the exciting things they can achieve and enjoy imagining their lives once those goals are attained.

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5 Critical Financial Metrics to Monitor in a Small-Medium Business

5 Critical Financial Metrics to Monitor in a Small-Medium Business

Business Operations, Business Planning

For business owners aiming for growth and stability, keeping track of critical financial metrics is a good basis for deciding strategy.

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5 Ways to Improve Efficiency and Productivity in Business Operations

5 Ways to Improve Efficiency and Productivity in Business Operations

Business Operations, Business Planning

Businesses have a better chance of THRIVING when there’s a focus on operational efficiency and productivity. This reduces costs, improves customer satisfaction and results in a competitive edge.

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7 Practical Strategies for Effective Working Capital Management

7 Practical Strategies for Effective Working Capital Management

Business Operations, Business Planning

What is ‘working capital’? And how do leaders effectively manage it?

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5 million+ struggle with mortgage payments

5 million+ struggle with mortgage payments

Tax Compliance

New nationwide research released by ASIC’s Moneysmart reveals that 47% of Australian adults with debt, the equivalent of 5.8 million people, have struggled to make repayments in the last 12 months.

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10 Strategies to Boost a Business’s Cash Flow

10 Strategies to Boost a Business’s Cash Flow

Business Operations, Business Planning, Tax Compliance

Understanding and optimizing the inflow and outflow of cash

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Managing Environmental, Social, and Governance (ESG) considerations – Opportunities and Challenges

Managing Environmental, Social, and Governance (ESG) considerations – Opportunities and Challenges

Tax Compliance

7 ways Managers are Navigating the Evolving World of ESG

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The rise in business bankruptcy

The rise in business bankruptcy

Business Operations

ASIC’s annual insolvency data shows corporate business failure is up 39% compared to last financial year. The industries with the highest representation were construction, accommodation and food services at the top of the list.

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The changes to how tax practitioners work with clients

The changes to how tax practitioners work with clients

Tax Compliance

The Government has amended the legislation guiding registered tax practitioners to include compulsory reporting of material uncorrected errors to the Tax Commissioner.

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Divorce, you, and your business

Divorce, you, and your business

Business Operations

Breaking up is hard to do. Beyond the emotional and financial turmoil divorce creates, there are a number of issues that need to be resolved.

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Is your family home really tax free?

Is your family home really tax free?

Tax Compliance

The main residence exemption exempts your family home from capital gains tax (CGT) when you dispose of it. But, like all things involving tax, it’s never that simple.

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ATO fires warning shot on trust distributions

ATO fires warning shot on trust distributions

Business Operations, Business Planning, Tax Compliance

The ATO has warned that it is looking closely at how trusts distribute income and to who.

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When is a gift not a gift?

When is a gift not a gift?

Tax Compliance

The Tax Commissioner has successfully argued that more than $1.6m deposited in a couple’s bank account was assessable income, not a gift or a loan from friends.

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Earned an income from the sharing economy?

Earned an income from the sharing economy?

Business Operations, Business Planning, Tax Compliance

It’s essential that any income earned from sharing economy platforms such as Airbnb, Stayz, Uber, etc., is declared in your tax return.

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