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. […]
READ MOREWhat is the main purpose of a business budget? Ten key benefits.
Uncover the top ten benefits that make the business budget an indispensable tool for organisations of all sizes. The power of budgeting is an undeniable force that can shape the trajectory of your business – regardless of whether you’re steering a multinational corporation or nurturing a startup from its infancy. It’s more than just a […]
READ MOREMust-know tax changes for the new financial year
As we begin the 2023-24 financial year, it’s important for businesses and individuals to be aware of and comply with tax changes. These changes can have an impact on financial strategies and responsibilities for both parties, so staying informed is crucial. By understanding and adapting to the evolving tax changes, businesses and individuals can effectively […]
READ MOREUnlock insights with your business benchmarking report
Stay ahead of the competition in today’s dynamic business landscape by gaining a comprehensive understanding of industry trends, performance benchmarks, and best practices. Our Industry Benchmarking Report empowers you to assess your business against the industry standard, providing a clear picture of where you stand. What will you discover with our Industry Benchmark report? Discover […]
READ MOREIs it time for a business structure review?
In the dynamic landscape of business, owners frequently face challenges that require them to adapt and evolve. It is crucial to recognise the trigger points that indicate the need for a review of the business structure, and to be proactive in seeking professional guidance. By engaging in such discussions, business owners can understand the potential […]
READ MOREMinimise your Tax Liability with Smart Tax Planning Strategies
Let’s be honest, no one enjoys paying tax – and you should never pay more than you have to. This is why smart tax planning strategies are so important! As we approach the end of another tax year, it’s time to take a proactive approach to managing your taxes. In this article we will share […]
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