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 […]
READ MOREMaximising Your Tax Benefits: Ultimate Guide to the $20,000 Instant Asset Write-Off for Gold Coast Small Businesses
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 […]
READ MORENavigating Salary Sacrifice: Essential Insights for Employers
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 […]
READ MOREUnlocking Tax Savings: FBT Exemption on Electric Vehicles
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 […]
READ MOREUnderstanding the Implications and Opportunities of the 1 July Super Cap Increase
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 MOREHow margin reporting can help businesses thrive
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 […]
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