Business Advice
We love running our own business. We expect you do too.
But running a successful business is not for the faint hearted. It can be complicated, and the impact of getting it wrong can be substantial. Nothing quite takes the fun out of your work like an unexpected tax hit, or a poor purchase decision or the most stressful of all – a poor recruitment decision.
So let yourself benefit from our experience. We can help ensure that you get things right the first time. This means things like ensuring that your business is properly structured to achieve all of your aims: profit maximisation, tax optimisation, asset protection and succession planning, to name just a few.
We can also help you select the right technology and other supports that best suit the size and type of your business at each stage of its development. Our speciality is to help you develop the right attitude about staffing, which is fundamental to making the right decisions.
And, of course, we also assist with critical elements like financing the business and managing it’s day-to-day, month-to-month and year-to-year cash flow arrangements. Did you know, for example, that there is usually no upper limit on the number of company cars your business can have? We can show you many of these little ‘tricks’ that together add up to a much more rewarding business, both personally and financially.
Put simply, as business owners ourselves, we are well-versed in the million and one little things that must be addressed if your business is to run effectively. So, just talk to us about your business, and let us help you make your good thing better.
Relevant Articles...
Business Owners and Deductible Overseas and Interstate Travel
This article is a must-read for any business owner thinking about travel. Claiming a tax deduction for travel costs can make a huge difference to the effective cost of that travel. The Australian Taxation Office’s general position is that the cost of travel is tax deductible to the extent that the travel relates to the business' purpose of deriving assessable income from an existing business activity. A business can't claim costs for travel related to speculative business activities that you have not yet entered. But travel that relates to work that your business is already doing will usually be fine.
Business Advice
It is your most important asset. So, take a look at how your business is tracking. Is it as good as it could be?
Why only some business owners end up wealthy
Owning your own business is the best way to become wealthy – but you have to get things right.
Cars and self-employment
Business owners can typically achieve a level of tax deductibility for the running costs of multiple cars. To do this, the owner must be operating with a company or trust structure. The company or trust makes a car available to the owner for private use. There is no limit to the number of cars that can be made available for this purpose.