Posts

There’s beauty in the simplicity of running your own business, if you have the right start

Slides Coffee Bar is the hottest spot to grab a brew or a bite when you’re wintering in Falls Creek

With a mouth-watering array of delectable local and homemade fare plus warm, friendly service, Slides has become the go-to for families and the après ski crowd.

Slides founder, owner and perennial skier Jules Mitas has […]

Choosing your business structure

Choosing the best structure for your business can be difficult

There are numerous options, each with its own set of benefits and drawbacks

There are four commonly used business structures in Australia:

Sole trader Partnership Company Trust

It’s important to understand the responsibilities of each structure because the structure […]

The do’s and don’ts after acquiring a business

To keep or not to keep?

Acquisitions can be an incredible boost for a growing business – you instantly add scale, expertise and assets and move into a desirable new territory, product or service.

Having been through many business acquisitions, we’ve seen how the effect can be transformative.

However, whether it’s a merge of equals […]

7 Ways to Navigate the Changing Employment Landscape

COVID-19 has had a big impact on employment, though the impact is not yet fully understood

No doubt there will be positive outcomes, like employees leaving unrewarding jobs to pursue new challenges. Likewise, some businesses will ‘rationalise’ their workforces to better serve shareholders, customers and employees.

One thing won’t change. Most businesses will still need people […]

Positive business experience thanks to Salisburys

Craig and Kathy Hogan speak with Salisburys

Cricket coach Craig Hogan and wife, Kathy, are the first to admit that they’ve always liked trying new and different things throughout their careers.

So when a guesthouse in Bright VIC came onto the market for sale, being overseas did not phase them.

Instead, they saw the potential […]

Simplifying small business insolvency

What Directors need to know about Australia’s new insolvency rules

On 1 January 2021, new laws came into effect that simplified debt restructuring and liquidation framework for small business.

Drawing on the US’s Chapter 11 bankruptcy model, the new system aims to accelerate the insolvency process, reduce costs and, where possible, restructure to help the […]

Succession Planning – Making an Early Start

As accountants, we like our clients to think ahead… even on a 3 to 10-year timeframe.

A major part of this is Succession Planning. 

Where Succession Planning is concerned, clarity brings opportunity… and the risks of “getting it wrong” can be significant.

Let’s start with a few definitions.

Estate planning:

This means ensuring one’s assets are distributed […]

Tradies claiming tax deductions

Tradies: Some tax claims pivot on how you operate

Working tradies need to be certain about what can or can’t be claimed on their annual tax return.

A lot of the time, what you can claim depends on whether you’re an employee tradie or a small business (that is, operating as a sole trader, partnership, […]

Choosing a business structure

Setting up a business structure

If you are starting a business you will need to work out which type of business structure to use. 

We explain the benefits and disadvantages of different types of business structures. Sole trader

A sole trader is the simplest business structure and it is inexpensive to set up because there […]