by Davie Mach | Oct 29, 2021 | Small Business Handbook
In an effort to promote good corporate conduct, tackle illegal phoenix activity and prevent fraudulent director identities, the Australian government has introduced the director identification number initiative as part of their Modernising Business Registers (MBR)...
by Davie Mach | Oct 29, 2021 | Small Business Handbook
It is not uncommon for new sole trader or partnership businesses to operate at a loss for the first few years as they grow. To keep the business growing, sole traders and partners often have to cover the loss with other forms of income, usually salary income....
by Davie Mach | Oct 22, 2021 | Accounting, Small Business Handbook
The last thing that any business owner wants to think about is closing their company. However, considering the worldwide pandemic and how tough the last two years have been on our economy, it has become an inevitable consideration for many business owners. ...
by Davie Mach | Oct 22, 2021 | Accounting, Accounting, Contractor Handbook, Small Business Handbook
Considering the current state of the worldwide economy and the effects of the pandemic, it’s no surprise that business owners are rethinking their exit strategies, particularly in terms of liquidation.Some business owners have seriously weighed up the option of...
by Davie Mach | Aug 30, 2021 | Small Business Handbook
It’s no secret that capital gains tax (CGT) is a complicated topic. In fact, CGT can be one of the most confusing taxes for business owners to understand and usually last on the list of considerations when selling a business. But, there are many things to...
by Davie Mach | Aug 30, 2021 | Small Business Handbook
When starting your own business, it’s easy to not think about when you’ll need a business exit strategy. But as life happens and priorities change, so might your vision for your small business venture. That’s why it’s important to have a clear and...