Summary details relating to the Ban on excessive credit card surcharges for small businesses – from 1 September 2017 (for more details see the link below) This ban now applies to ALL businesses. From 1 September 2016, this applied to “Large Businesses” (Over $25mill Turnover, over 50 Employees and over $12.5m in Assets) From 1 […]
WARNING : ATO Debt : Tax Man Bullying In The Small Business Playground – How To Tackle It
This article has been published with savvysme.com.au. The link is shared below. Keeping up-to-date with ATO Debt and tax payments is not only a challenge for struggling cash strapped SMEs. Growing SMEs have the challenge of juggling growing and catch-up tax commitments with day-to-day expenses and the out-of-ordinary costs of a growing business. The […]
[VIDEO] Tracking costs for products and services – Which ones?
I often get asked by clients if they should be tracking the costs related to their different products and services. My answer to that is definitely. But, exactly what costs should you be tracking to get accurate information relating to profit and cash flow for each relative service should you be tracking?
[VIDEO] Keeping business and personal financial transactions separate
Sole Traders often ask me what costs they need to take into account in their business. A sole trader is just the structure of the entity that you’re using to run your business through. Whether you’re a sole trader, in other words you use your own name and are being taxed in your own name, […]
End of Financial Year – Is it ‘Crunch Time’ for Your Business?
The months of May and June of each year are really crunch time months for many business owners. I am seeing evidence of this with many of the clients I work with. End of May is generally the deadline for small businesses to submit their income tax returns for the previous year. In other words, […]