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 […]
READ MOREUnleashing the power of SMSF with Commercial Property Investment.
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 […]
READ MORESecure Your Retirement: A Simple Guide to Choosing the Right SMSF Accountant
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 […]
READ MOREEmpower Your Business: Enhance Decision-Making with Business Insights Reporting
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 […]
READ MOREHow to measure KPIs in your business
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 […]
READ MORETop Tips to Avoid Paying FBT This Holiday Season
What is Fringe Benefits Tax (FBT) Fringe Benefits Tax (FBT) is a tax levied by the Australian government on certain benefits provided by employers to their employees, their employees’ family members, or other associates in connection with employment. These benefits are separate from an employee’s salary or wages and can include perks such as the […]
READ MOREMaking a List, Checking it Twice: Business Owners’ Guide to Getting Paid This Holiday Season
As the holiday season approaches, it’s time for businesses to gear up for the unique challenges that come with managing finances during the festive period. Here are our top 10 strategies to help business owners maintain a healthy cash flow and ensure smooth operations during Christmas and New Year: 1. Send invoices early: Be proactive in […]
READ MOREEssential cash acceleration strategies
As the holiday season approaches, business owners often grapple with a pressing question: “How can I maintain cash flow during the Christmas and New Year period?” The ability to manage cash flow effectively during the festive season is fundamental and can significantly impact your business success going into the new year. In this comprehensive article, […]
READ MOREWhat is a business strategy and why is it important?
In business, ongoing success rarely happens by accident. It’s the result of careful planning, informed decision-making, and a well-constructed roadmap – otherwise known as a business strategy. But do you really need one? How will it help and what should your business strategy include? In this article, we’ll explore these essential questions to help you […]
READ MOREThe significance of knowing your break-even point and target profit in business.
Did you know understanding your business’s break-even point and target profit can be your roadmap to financial success? In the fast-paced world of Gold Coast business, understanding your business’s financial health is paramount to success. Two key metrics that every business owner or manager should be well-acquainted with are the break-even point and target profit. […]
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