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 […]
Create a one-page business plan
To make a success of your business, you’re going to need a robust business plan – particularly as we face challenging times. With a one-page business plan behind you, the company has a real sense of strategic direction and a set of core goals to refer to and track against. But what are the key […]
Have to include premises to sell your business GST free?
If you are selling your professional practice or firm (such as a financial planner, insurance broker, mortgage broker, accountant or bookkeeper or anyone else) a question that may come up is whether you need to include your premises in the sale for the sale to be a GST Free Going Concern sale. The answer […]
Don’t close before you sell – Selling your business GST free
In this article, I go through the considerations for closing your business and whether you should sell it. Firstly – it isn’t failure to decide your business isn’t helping you meet your goals and joining someone elses (whether as a employee or as a merger). Should I keep my business running? Just as […]