Taxable Payments Annual Report (TPAR) for 2021
The taxable payments annual report (TPAR) reports to the ATO information about payments made to contractors for certain services. TPAR for the building and construction industry has been in place for some years. In recent years, cleaning services, courier services and some government entities have been added to the system. Last year, taxable payments reporting […]
Using the Value Ladder to increase sales
One of the best ways to increase sales is to use the Value Ladder to build a relationship with your customers. The higher the customer values their relationship with you, the more money they’re willing to spend. On the bottom rung of the Value Ladder, we have an initial offer of value. This should be […]
Keeping your cashflow strong in tough times
Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make sure you have a clear picture of your payroll, and any other […]
Cashflow and Cost Control
More than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Revenue, profit and your bottom line will all resume their importance when we’re back to “normal” (however that’s going to look), but keeping everything running is the priority for now. Regular cashflow forecasts will help […]
Government support for your business
As Australia goes into a new wave of Covid-related lockdown, businesses again face the challenges of social distancing, the wearing of face masks and other restrictions. All of which is an added stress for business owners trying to build revenue and financial stability. To keep cashflow on an even keel, and to get your company […]
No Tax Consequences of HBF Private Health $20-$140 Credit
As a HBF private health policyholder – you may have received between $20 and $140 credit into your bank account. The payment is tax free – it is not income and isn’t included in your tax return. The payment doesn’t affect your tax return in any way. Because it is only a payment because […]