Business Growth Resources

The 20K Small Business Energy Incentive isn’t just another policy – it’s a game changer. What’s the buzz about?  Picture this: you’re a small business owner with an aggregated turnover under $50 million. You’re eyeing a future where energy efficiency reigns supreme, and fossil fuels take a backseat. That’s precisely where the Small Business Energy […]

Small businesses serve as the engines of innovation and economic vitality. To empower these enterprises, the Australian government will continue to allow businesses to take advantage of the $20,000 instant asset write-off scheme. This article is your go-to guide for understanding this tax relief program and how it benefits small businesses across the country. Understanding […]

Salary sacrificing, a strategic manoeuvre within the realm of employment benefits, serves as an arrangement between employers and employees. This arrangement allows employees to relinquish a portion of their pre-tax salary in exchange for comparable benefits, amplifying their overall compensation package. Let’s delve into the intricacies of salary sacrificing, exploring its mechanics, effective setups, and […]

In today’s business environment, sustainability and cost-efficiency go hand in hand. Electric vehicles (EVs) offer a promising solution, not only for reducing carbon emissions but also for minimising tax burdens. One such advantage lies in the exemption from Fringe Benefits Tax (FBT) on electric vehicles. Let’s explore how businesses and employees can leverage this tax […]

From 1 July 2024, the amount you can contribute to super will increase. We show you how to take advantage of the change. The amount you can contribute to superannuation will increase on 1 July 2024 from $27,500 to $30,000 for concessional super contributions and from $110,000 to $120,000 for non-concessional contributions. The contribution caps […]

In the realm of retirement planning, savvy business owners have a unique advantage to secure their financial future: via their Self-Managed Superannuation (SMSF) to purchase their business premises. Whilst any form of commercial or residential property investment via SMSF should provide a healthy return, this strategic move to purchase your own business premises not only […]

Selecting the right SMSF (Self-Managed Superannuation Fund) accountant is a critical decision that directly impacts your financial future. A qualified and experienced professional can become your trusted partner, navigating the complexities of SMSF regulations, streamlining administration, and optimising your returns. However, choosing the wrong accountant can lead to wasted time, resources, and potential penalties. This […]

In today’s dynamic business landscape, understanding the intricate relationship between profit, cash flow, and overall business value is paramount. While many business owners can decipher profit and loss statements, the gap between profit and cash flow often remains a mystery. This article serves as a guide for business owners seeking to harness the power of […]

What are Key Performance Indicators (KPIs)? Key Performance Indicators (KPIs) are quantifiable metrics used to evaluate the success of an organisation in achieving its objectives. These metrics are tailored to specific goals and objectives and help businesses gauge their progress towards reaching these targets. KPIs provide valuable insights into various aspects of business performance, such […]

In today’s fast-paced business environment, business owners are constantly seeking ways to optimise their operations, reduce their operating costs, and maximise their profits. While profitability is undoubtedly an important metric, it is not the only one that matters. As businesses navigate increasingly complex supply chains, rising costs, and ongoing financial stress and pressure, now more […]

As a business owner, do you measure your key metrics to help you understand your numbers to grow your business? It all starts with understanding and defining your critical number. Critical number All businesses have certain numbers that define success. Some figures, like profit, are universal. But what about other numbers? There’s certainly no shortage […]

When you receive your financial statements, do you just glance over the details and head straight to the profit figure because you think this is the best indication of the success of your business? Or perhaps you get too confused and overwhelmed with all the financial details so the profit figure is the only one […]

Understanding the Significance of Cost of Sales or Cost of Goods Sold (COGS). Cost of Sales (also referred to as Cost of Goods Sold [COGS]) is a very important financial performance metric, as it tracks your ability to manufacture/deliver goods and services at a reasonable cost. It represents the direct costs related to the manufacturing […]