Find new markets

How To Find New Markets

“If you always do what you’ve always done, you will always get what you’ve always got” – Henry Ford Its time for a change! Here’s a few ideas to grow your business by finding new markets. Create a video channel to increase your profile If you want to get your goods or services out there in front of a worldwide audience, …

Economic Stimulus 2

UPDATE: Corona Virus – Economic Stimulus 2

The Australian Government has updated its economic stimulus package, which now totals $189 billion. Increased Cashflow Assistance Tax-free payments of up to $100,000 for eligible small and medium businesses based on their PAYG withholding obligations. This is not a cash payment, but it is a credit in the activity statement system equal to 100% of the PAYG amounts withheld from …

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Business Growth – 11 Ways to Find New Customers

Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. Here’s 11 ways to find new customers: 1. Use Direct Marketing that gets results Measure the response rates to each area of your direct marketing campaign, whether it be email advertising, direct mail, or online …

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Coronavirus – Economic Stimulus

On 12 March 2020 the Morrison government announced the details of it’s coronavirus stimulus package designed to support confidence, boost investment and keep Australians in jobs. Here are the six key elements of the government’s plan: An increase in the instant asset write-off scheme. The threshold jumps from $30,000 to $150,000 until 30 June 2020. A 50% accelerated depreciation deduction. Business will …

Customer

Business Growth from Existing Customers

Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. Target your best customers with offers Identify the customers who generate the most profit for your business or who have the most potential for additional sales. Actively engage with these customers to gain more sales. …

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Don’t Lose Your Tax Deductions

There’s recently been a big tax law change that may reduce the tax deductions for many businesses across Australia. This may happen if you: Don’t lodge your BAS’s on time; or Don’t lodge your payroll each week using Single Touch Payroll (STP); or Don’t properly withhold a tax amount from a payment before you pay it to an employee or …

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Tax Time Updates & Reminders

Your 2019 EOFY Reminders & Action Items Another financial year has finished and as a responsible business owner, there are many obligations that you need to consider and action. PAYG Payment Summaries If you have not used STP for 2019, then you need to provide all of your employees with their PAYG Payment Summary on or before 14 July 2019. …

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Tax – What the 2019 Federal Election means for You!

There is only a short time before the Federal Election on 18 May 2019, and there’s a lot of wild speculation and “fake news” in the media. We’re not trying to recommend who you should vote for, but instead we believe that it is vital that our clients understand how they will be affected by the result of the Election. …

Xero

Xero “Payroll Only” – STP for Small Employers

From 1 July this year, Single Touch Payroll (STP) will apply to all employers in Australia. First announced in 2015, STP is an Australian Tax Office reporting regime that requires employers to report salaries and wages, PAYG withholding tax, and superannuation to the ATO each time they pay their employees. According to the ATO, more than 400,000 small employers with …