by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning
Sometimes business leaders need to fundamentally change the way things are done in order to grow profit, or just to survive. This is termed ‘Business Reengineering’. What is Business Reengineering? Business Reengineering usually means eliminating activities or...
by Canning Tax & Advisory | 14 Nov 2022 | Business Operations, Business Planning, Tax Compliance
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed. If you’re famous and make an income from your fame and image, the way the ATO believes you should be taxed on the income...
by Canning Tax & Advisory | 30 Sep 2022 | Business Planning
Most business leaders agree that branding is important in business. Given the opportunity, they’d like to strengthen their brand to generate more leads, grow sales and increase customer loyalty. How do you ‘strengthen a brand’? It can get murky at this...
by Canning Tax & Advisory | 30 Sep 2022 | Business Operations, Business Planning
Many businesses are facing increased costs. This is not necessarily a new business challenge… but the COVID-19 pandemic is driving significant and unpredictable “price spikes”. Let’s look at what business leaders should be thinking about in this environment. First,...
by Canning Tax & Advisory | 30 Sep 2022 | Business Operations, Business Planning, Succession
Humans are adaptable. That’s how we’ve survived for a long time! No surprises, then, that people have quickly responded to COVID-imposed changes, like complying with lockdowns, wearing masks or working from home. However, sustaining these changes for a long time...
by Canning Tax & Advisory | 15 Sep 2022 | Business Operations, Business Planning
There’s a lot of talk about the impact of ‘remote work’. Recent studies (cited by McKinsey) claim that workers are leaving jobs at much higher rates than normal. Some say that one-quarter of US workers are preparing to look for new employment opportunities. The number...
