Are You Ready For Electronic Lodgement of Activity Statements?

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Are you ready for the ATO’s changes that require electronic lodgement of Activity Statements?

From 1 July 2014, once the ATO receives an electronic lodgement of a Business Activity Statement or Instalment Activity Statement they will no longer send the paper statements. Future statements will be issued electronically.

Electronic lodgement includes through the following sources: Read more

Tax Effective Estate Planning – SMSF

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Superannuation is now commonly the most significant asset of an individual after the main residence and as a result is increasingly important when putting together a tax effective estate plan.

What is not commonly known is that superannuation interests do not automatically fall under the individual estate assets on death and therefore do not automatically fall under the directions of your will. Read more

Play In The Complex, High Risk Space

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With the world increasingly becoming commoditised, it is difficult for business to compete on anything but price.

I have had a recent discussion with an electrical contractor, where they mentioned their market is becoming increasingly price driven.

I think commodities products and services are fine – you need to be price competitive on these products and services.  These are the services/products that will open the door to prospective clients.  Read more

Will You Have Enough Fuel? Is The Oil Burning?

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Often in my discussions with clients there is some confusion as to how you identify KPIs and what are the most important ones to measure?

I was at a presentation last week where the presenter discussed KPIs – again there was very little framework on how to identify KPI – really just a grab bag of random KPIs.

I think in this world where there is an abundance of information and people are unsure what to look at, a framework is really important.

Read more