What Types of Insurance Should a Senior Have?
There are several types of insurance that every senior should have, and it’s important to understand why. We’ve taken a look at the most important here.
Changes to Self Managed Super Funds in 2015
A self managed super fund (SMSF) can be a great way to run your own superannuation investments and retain control over assets and decisions. However while there are a number of upsides for the right clients when it comes to running a SMSF, one of the downsides is that you – as the trustee – are completely responsible for the fund. This can become a little more complicated when there are changes to existing legislation, so it’s vital that you always remain aware of the rules and any amendments that occur. With the Federal Government’s budget repair strategy, there have been a number of key changes in the 2015 tax year that should be noted.
Employee Super – Audit attention
Heads –up!
For everyone who employs staff, there are legislative requirements to make mandatory super contributions.
This has been in place for many years:
Developing a Small Business Financial Plan
A financial plan is a component of a business plan that serves more than just one purpose. The projections made determine the viability of a business, making it the essential part of any loan or venture capital application. Investors need to know they can get a return on their investment, and banks need to know that loan repayments can be managed. In essence, the financial plan becomes the reference against which you monitor your business’s performance. So how can you develop a financial plan for your small business?A financial plan has three major sections:
- Income statement
- Cash flow projection
- Balance sheet
A Guide to Recent ASX Floats
Stay on top of recent floats to the Australian Securities Exchange with our guide. You’ll find a wealth of necessary information, including float dates, expected share price, and links to prospectuses and investor info.
2015 / 2016 Budget
The dust has finally settled after the Federal Government handed down the budget a few weeks ago. The following items are the key points for small business owners:
Track your Profits
We all understand the commercial pressure derived from declining revenues, declining gross profit margins, wages push and aggressive landlords. The intuitive reaction must be to change. The famous football coach Wayne Bennett has been quoted to say when times are tough– “don’t get bitter, get better”! In my opinion, lessons derived from sport can often be applied to business.
Press Release
As part of internal housekeeping, we are consolidating our Tax Agent Registration details. You may notice the change in number on your next return.
There is no change in services provided to our clients. However should you have any queries please contact
Adrian or Anneke this week.
How can you get the best from your accountant? 6 Tips…
As the business climate has changed enormously over the recent years, the role of your accountant has become more important than ever before. In order to optimise your relationship, I suggest the following:
Numbers are beautiful!
There is no better feeling than being organised. To collate your thoughts, ideas, records, documents etc. can provide true clarity and peace of mind. You have complete knowledge of what is going on in your business (as well as your personal life). The probability of some type of nasty surprise is drastically reduced.