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Being a small business means it is hard to get money from a bank, unless you take it on a secured basis, and usually against real estate and more commonly your own home.  This means that people are not able to get into running a...

Do you run a business that would like to bid on Commonwealth government contracts or is likely to do so in the future? From 1 July 2019, the government is seeking to exclude from the tender process those businesses that do not have a “satisfactory...

Cost control strategies should be part of an ongoing activity, not just considered once a year.  A good idea is to create a checklist of the key costs being incurred in the business with an analysis being performed on the cost and reviewed on an...

The progressive lowering of company tax rates may have the effect of locking the benefit of any tax paid at a higher rate in the franking account. A company pays tax at a certain rate on the income year and franking debits accrue at that...

Doesn’t it really “frost your cookies” that medium-sized businesses always seem to get left out of the most important decisions? Well, as it turns out, the medium-sized business sector has finally scored a big win! Many medium-sized companies will be perfect candidates for the concept that is...

Any Australian organisation that handles personal information could be captured under the notifiable data breaches scheme which requires organisations to notify individuals whose personal information is involved in a data breach that is likely to result in serious harm. This scheme usually applies to larger...

While the recent passing of a Bill to accelerate the reduction of the corporate tax rate for qualifying small to medium business may provide welcome relief for many in the years to come, there may be some unintended and perhaps adverse consequences in terms of...

If you own a private company, deemed dividend payments or Div 7A may be familiar to you. In short, it is designed to ensure that income is not inappropriately sheltered in corporate structures at the corporate tax rate. It usually applies when a private company...

Do you have an ongoing fee arrangement with your financial adviser? If so did you know that by law, they are required to provide you with a Fee Disclosure Statement (FDS) at least every 12 months? The FDS should set out details about the amount...

The Royal Commission into misconduct in the banking, superannuation and financial services industry has revealed some major deficiencies in terms of financial advice provided to consumers. Even though the Commission itself cannot fix or award compensation or make orders to require parties to a dispute...