The ATO has not yet released details of the alternative tests that will be used in determining whether certain entities can pass the new turnover reduction tests
If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business.
The updated JobKeeper Rules dealing with eligible employees which apply from 3 August 2020 onwards.
So, you’ve built your business and are ready to open it up for investors or partners. The problem is, you don’t know how to write a winning business plan for investors. Don’t worry. We’re here to help. Here are some tips to help you get started with your business plan 1. Get to Know Your Audience It’s[…]
Do you ever wonder how your business compares with others in the industry? One way to find out is through benchmarking. Benchmarking is the process of evaluating your business’s performance by comparing it to other similar businesses in your industry. The first step is to identify processes that you and other businesses follow. This would help give[…]
“If you think it’s expensive to hire a professional, wait until you hire an amateur.” In business, one of your most valuable assets is your team. This is why many entrepreneurs follow a thorough hiring process. They want to make sure that their people don’t just have the right skills but also fit into their business’s culture.[…]
One of the essential things you’ll have to think of when starting a business is its structure. Depending on how you want to run it, you may think about putting up a proprietary limited company, a partnership, or a trust. You may also consider becoming a sole trader. Each type of structure has various implications on asset[…]
What will happen to your business when you retire? You’ve spent all your life building and growing your company. Make sure it continues to flourish even after you’ve stepped down as head of the business. You could do this by developing a succession plan. Succession planning helps you identify the right people to lead your business once[…]
Good communication is the bridge between confusion and clarity. Communication is the foundation of any relationship. When you encourage people to voice out their thoughts, you could avoid conflicts and misunderstandings. With effective communication, you and your team could increase productivity and resolve issues quickly. Here are some ways to improve and practise excellent communication in your[…]