Looking to purchase business equipment? You need to consider the small-business instant asset write off changes by 30th June 2017. If you are a small business, the current instant asset write-off threshold is $20,000. However, from 1 July 2017, this threshold reverts back to $1,000. What does this mean? Any small business with turnover of
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Time is a precious resource in modern life – and the tips from this business owner are an invaluable tool for managing a busy schedule. Lauren Chang Sommer – who founded boutique retailer Moi Moi Fine Jewellery as well as global moissanite manufacturer and distributer Moissanite International – discusses how busy her working life has
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Are you twenty-something and confused with how the world of finances works? Most people don’t feel the need for an accountant and/or a financial solutions provider until they are older – but there are plenty of reasons why you could and should hire one during your youth. Whether you want to be prepared for your retirement, want
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The ATO has notified us that the tax rates are changing from October 1, 2016.
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Thanks to advancements in technology, websites are now an integral tool for any successful business. They are an easy point of contact between you and a potential or existing client. They often contain important information that your customer will need – so it is important that you make it the best it can be. To help you figure out
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With the Government abandoning it’s policy to introduce a $500,000 lifetime cap for non-concessional contributions are you clear on what non-concessional contributions you can now make to superannuation? Non-concessional contributions are contributions that are made to super from after-tax income or savings. Instead of going forward with its proposed $500,000 lifetime cap on after-tax contributions,
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The Federal Government has dropped its $500,000 superannuation cap measure. In a move aimed at placating the Coalition back-bench and ensuring the passage of the Government’s broader superannuation package through the Parliament, Treasurer Scott Morrison confirmed the changes to the cap measure today. The Treasurer said the $500,000 lifetime non-concessional cap will be replaced by
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Running a business and being your own boss has its benefits, but with that comes the ongoing management of the cogs and wheels that make it all work. The biggest one is managing finances.
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Rates are indexed twice a year in line with the consumer price index (CPI) and will change again in February 2017. Rates also changed on 1 July 2016 due to a change in the road user charge and the re-introduction of excise duty rates on biofuels.
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In the vast majority of situations, buying an existing business is a much safer option. You acquire a business that already has a loyal customer base, regular cash flow and hopefully a solid amount of goodwill associated with the business name. Of course, the reverse can also be true…
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