September 2015

Despite the fundamental importance of succession planning, it is often neglected in current business/farming management practice. Business owners/farmers should recognise that the need for a fully discussed succession plan is paramount in any business/farming situation. A natural progression from one generation to the next (or in case of unexpected or premature death) through the deceased’s …

Why establish an estate/business succession plan? Read More »

A Self Managed Superannuation Fund (SMSF) is a type of super fund set up for those who wish to manage their own superannuation assets privately, rather than be a part of a larger fund where members pool their super funds and these are managed by professional fund managers. It gives the members much greater control …

What Is A Self-Managed Super Fund Read More »

We want to be the Accountant who will Challenge, Attack, Question, Confront, Dare, Provoke, Contest, Assault, Invade, Blast you on the way you operate your business. The key areas of any Business that require ongoing maintenance to ensure the Health and Wealth of your business are:

Where are you on the strategy and execution axis with your business? It has often been said that an average strategy well executed will always outperform a superior business strategy which is poorly executed. In fact in terms of effort, the development of thebusiness strategy is 10% of the effort and the execution of the business …

Strategic Planning – 10% Strategy 90% Execution Read More »

Improving the value of your business is not just about selling. It’s about running the most successful business you can. The Theory There are many ways to value a business, however the most commonly used valuation methodology for a profitable trading business is the Capitalisation of Profits Methodology. This methodology is based on the average …

Improving Value At All Stages Of Your Business Read More »

Is it time to visit the Bank? Visiting your bank is often like visiting the dentist: • You need to go yearly but you delay it for as long as you can • Your past sins are obvious as soon as you open your mouth. They can be even worse when the dentist digs a …

Funding Requirement Report Read More »

Many exceptional companies have bonus plans to reward employees. Why would you consider a bonus plan? Advantages include: Staff retention, attraction and motivation. Added incentives to complete jobs on time and achieve agreed milestones. Assists cash flow in the company by minimising annual salary increases.

Why Consider the Contractor issue now? The contractor issue is not at all new, nor has it been subject to any dramatic recent change.  However there are a number of diverse factors that have brought this issue back to the spotlight. Growth in the number of Contractors: The attractions of contractors are many: a substantial …

Contractors vs Employees: Under the ATO Spotlight Read More »

The Government released their Mid-Year Economic and Fiscal Outlook (“MYEFO”) report and announced the following key changes: Corporate PAYG Tax Instalments Companies with a turnover in excess of $20 million per annum will be required to make PAYG Income Tax instalments on a monthly basis. In-House Fringe Benefits Under the current legislation, the taxable value …

The Budget Surplus – Illusion or Reality? Read More »