by Davie Mach | Sep 8, 2022 | Small Business Handbook
Business owners are always looking for ways to save money, and one great way to do so is by claiming motor vehicle expenses. Unfortunately, many business owners overlook the benefits of claiming the cost of running a vehicle as part of a broader strategy to reduce...
by Davie Mach | Aug 17, 2022 | Tax Planning
From reinvesting in the business to offering dividends, companies have several choices, including the Div 7A loan, for managing their profits. It can also use it to pay down debt, or, among other things, reinvest in new technology and equipment. But in most...
by Davie Mach | Apr 12, 2022 | Self Managed Superannuation Funds, Small Business Handbook, Tax Planning
As a business owner, you have a lot of responsibilities. Not only do you need to worry about tax obligations and payroll, but you also have to stay on top of financial reporting. Although it can be a lot to keep track of, it’s important to make sure that your business...
by Davie Mach | Apr 8, 2022 | Small Business Handbook
As it stands, there are around 600,000 not-for-profit organisations in Australia, making up nearly 10% of the Australian workforce.But, it’s no secret that the wages at these organisations don’t nearly compare to what they would be if you worked for a bigger corporate...
by Davie Mach | Mar 16, 2022 | Contractor Handbook, Small Business Handbook
An SMSF (self-managed superannuation fund) is an attractive vehicle for retirement savings for many Australians. Though the setup and administration of an SMSF can be daunting, with proper planning, it can offer tax advantages and greater control over your retirement...
by Davie Mach | Mar 3, 2022 | Small Business Handbook
Starting a business in Australia is no easy task. There are so many things to think about – from what product or service you’re going to offer, to how you’re going to market it and define who your target customer is. One of the most important decisions you’ll...
