When most people think about starting a business, they imagine a long and complicated process that requires a significant amount of money. And for many entrepreneurs, that is enough to put their dreams on the back burner. But what if you were told that starting a business in Australia could cost as little as $650?…
Updated: 14 July 2020 If you’re a sole trader or in a partnership, you’re likely assessing Pty Ltd Company advantages and whether setting up a Pty Ltd Company would be suitable for your situation. Many clients ask me why they should set up a Pty Ltd company. The answer to that is – it depends….
Are you looking to buy or sell a business and not sure where to start? In this article, I’ll go through some of the fundamental concepts you should know about buying or selling a business so that it can get you off in the right direction. Introduction There are some important considerations that need to…
If you’re a small business and looking to increase productivity and organisation, there are some must-have apps small business owners! it’s important to utilise the power of apps and software that can greatly increase the production of your business. In this article, we not only cut through the noise of seemingly endless sea of business…
So you’ve decided that you’re going to be working as a contractor in your industry. Great work! Contractors run their own business and the potential to generate a large income is an attractive option. However, with great reward, comes to a lot more responsibilities. In this guide, we go through some of the pitfalls that…
Benefits of Becoming a Contractor A new wave of contractors has hit many industries and the old views of working for one stable job for the rest of your life is out the window. If you are independent and work in a highly specialised industry, there will come a time that you have the skills…
A comprehensive comparison table to help you to decide the most suitable business structure for you!
Choosing a business a sole trader vs company business structure can be confusing as each individual’s business situation is different. In our experience, many business owners consider between a sole trader vs company business structure when they’re looking to reduce tax liability, grow their business and to limit their personal assets from risk. In a…
There is a lot of conjecture as to whether a written contract is required for all agreements or is a verbal agreement also legally binding? The answer to that is that both verbal or written can be legally binding. However, do we recommend it? And the answer is no. Why written contracts are better than…
Business Bank Account Guide for Contractors If you are operating your contractor business under a company, you will require a business bank account under the company name. The company is a separate legal entity and the company’s money must be held by the company. If you operating under your personal name (as a sole trader),…
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