Business Growth Network round 3, 2019: Discovering what every leader needs to know to keep their business innovative.
Australian financial markets are constantly changing and with these changes comes a new lending environment.
It is important to stay on top of and to understand these changes when approaching financial institutions (banks/lenders), to ensure your business receives a positive outcome.
We spoke to Ledge Finance Ltd, one of the markets leading finance facilitators, about their thoughts on the debt market as they currently see it, with a primary focus on the small-medium enterprises (SME) market and how it is being impacted. Further focus is on how this impacts the equipment finance market over the short to medium term – the lifeline of capital intensive balance sheet businesses.
Taking control of growth
How to address the challenges of sustainable growth in 2019 was under the spotlight at the recent BGN breakfast workshop. Using the idea of ‘learning in the flow of work’ we linked insights about business growth directly to day-to-day challenges of attendees.
Looking at taking control of growth we discussed:
The Government has passed legislation that requires real time reporting of payroll data to the ATO at each pay period, making it mandatory for all employers to use Single Touch Payroll from 1 July 2019.Read more
Snapshot of the ALP Key Tax Policies
Snapshot Of The ALP Key Tax Policies (Compared To Coalition Tax Policies)
The table below outlines some of the key ALP tax policies of interest.
Our recent Business Growth Network (BGN) event focused on the important topic of leadership resilience.
Attendees discovered emerging leadership trends for 2019 and discussed boosting their probability of personal change success.
Interesting highlights included the idea of being more contrarian as a leader, why we think less is going to be more in 2019 and identifying (and dealing with) that one third of your team holding you back.
Attendees challenged each other on strategies to 100% guarantee success, including initiating 90-day accountability cycles then discussed ‘putting some rubber on the road’ with practical tips and tricks to put ideas into effect back in the office.
Please contact us if you’d like to discuss the thought-provoking leadership strategies and/or would like to learn more about our quarterly BGN breakfast events.
In this article we explore what exactly crowdfunding is and the implications of crowdfunding for both the entity receiving funding and the entities that contribute or pledge money.
In this blog, we continue to explore the topic of agile leadership, which we covered in a recent breakfast we facilitated with business owners and CEOs.
The focus of our recent Business Growth Network (BGN) event was agile leadership and what exactly this means for individuals and businesses as a whole.
According to the simplest definition, the word “agile” means having the ability to move quickly and easily and being able to think and understand quickly.
Given the huge number of publications on the concept, it may seem like it is just another buzzword in today’s world of business. However, this is not the case when it comes to agile leadership. In its recent report, the World Economic Forum published a list of top skills required to be successful as leaders in 2020, many of them related to being more agile.
The Agile Business Consortium (the UK based not-for-profit body) released their first white paper on the topic in late 2017. To this day, this document remains to be an extremely relevant guide on how to be agile as a business leader. According to it, the keys to agile leadership lie in the concepts of Communication, Commitment and Collaboration. Much of our discussion during the BGN centred around these three words and in particular, the following nine principles:
Fringe Benefit Tax Update
The ATO has this week finalised the guideline relating to the “minor, infrequent and irregular” use of Fringe Benefit Tax (FBT) exempt motor vehicles, and there are some notable changes from the previously released draft guideline.
These updates can affect any business that provides utes, vans and similar exempt vehicles to their employees and Directors.
Employers can rely on the exemption from FBT provided under this guideline, if:
We are pleased to announce the promotion of Chris Smith to the position of Director.
Chris Smith has over 14 years of experience in tax, superannuation funds and business advisory to various companies in Western Australia. He holds a Bachelor of Commerce, Accounting & Finance degree from the University of Western Australia.
“We are delighted to welcome Chris as a new Director,” said Tony Monisse, Brentnalls WA Managing Director. “Chris has been with us for over 4 years and his expertise in taxation, asset protection and estate planning have been invaluable to our growth in recent years.”
Chris Smith added, “It’s a great privilege to be able to join Tony and Chris Mandzufas, the other Brentnalls WA director, in this exciting and challenging role. I look forward to further strengthening our position as a key advisor in the matters of tax planning and transaction advice to Western Australian businesses.”
We are pleased to announce that our Director, Tony Monisse, will be co-presenting at GrowthCon Perth 2018.
We are pleased to announce that our Director, Tony Monisse, will be co-presenting at GrowthCon Perth 2018. The event will take place on Friday, July 27th from 8.30am to 12.30pm at Bendat Centre in Wembley, WA.
GrowthCon is a conference that will give entrepreneurs an opportunity to learn about growing a business from the top experts in finance, marketing, sales and technology.
The key topics the presenters will address are as follows:
Brentnalls WA Associate Chris Smith discussing tax planning and the opportunities you can take advantage of before June 30th.
Brentnalls WA Director Tony Monisse describes the strategy process to help improve your business’s success.
One of the big challenges we see with clientsis they cannot take advantage of all the opportunities they identify.
There may be lots of opportunities, but they have limited;
Hello, my name is Tony Monisse, I am a Director at Brentnalls WA, and I will be talking to you today about 3 actions which a business can take to grow sales, drawing on various experiences that we have had working with a number of private clients helping them grow their sales.