Earnout arrangements
Earnout arrangements are often employed as a way of structuring the sale of a business to deal with uncertainty about its value. In an earnout arrangement, the proceeds for the sale of the business (or assets of the business) generally include a lump sum payment. However, the terms of the sale contract require either the […]
Strategic Planning- avoiding the comfort trap
Strategic Planning- Avoiding the Comfort trap It is important not to become complacent in your strategies, your business strategies should push your limits and force you to make choices outside your comfort zone. There are three common ‘comfort traps’ most organisations face: 1. Strategic Planning – This exercise arguably makes for more thoughtful budgets. However, […]
Using Social Media
Using Social Media Using Social Media for $500 Social media campaigns are attractive for two key reasons – cost effectiveness and laser-sharp customer targeting. In essence, each cent you spend will go to potential customers who are interested in your brand. No wastage. No big bill production costs. No huge spend. So, what will $500 […]
4 Resolutions every business should have in 2014
4 Resolutions every business should have in 2014 1. Look outside Rob Sheehan, author of Mission Impact, writes in his blog that our environment is increasingly volatile, uncertain, complex and ambiguous. He notes that this type of world provides companies even more opportunities than before for their leaders to be externally focused, have clarity of […]
Loss carry back measures
Loss carry back measures Confirmation that the loss carry-back measures were finally passed by Parliament just days before 2012-13 ended, in a move to benefit more than 110,000 Australian companies. The loss carry-back law provides a company with the choice to carry back up to $1 million of losses against profits from a previous […]
Increase in the Medicare Levy
Increase in the Medicare Levy By now, most of you will be aware of the government’s decision to increase the Medicare levy by 0.5% to fund Australia’s DisabilityCare program. From July 1, 2014, the Medicare levy will increase from 1.5% to 2% of taxable income. What many people may not realise however is that […]
Minerals Resource Rent Tax
The details of the government’s repeal of the Minerals Resource Rent Tax (MRRT) make it clear that some small business tax concessions put in place by the former government are to be wound back. Repeal of the small business capital allowance concessions will apply from January 1, 2014. Businesses thinking of acquiring a depreciating asset […]
What are the greatest risks SMBs face?
What are the greatest risks SMBs face? So, what exactly do small businesses see as their greatest risks? A recent survey has found the following: Keeping the cash flowing Keeping the money flowing in in is the number one risk. Competition The landscape is getting more competitive especially with an increase in the online presence […]
Six killer ways to launch your product online
Six killer ways to launch your product online There are hundreds of ways to launch your next product or service online and the web is undoubtedly one of the best ones you can use to shape your launch. Here are six launch ideas that every business can adopt: 1. Write a press release Press releases […]
Top ten tips for tradies’ businesses
Top ten tips for tradies’ businesses Here are 10 top tips to help tradies stand out from the crowd: 1. Stand out from the crowd It’s important to establish your points of difference as a tradesperson to be noticed. 2. Licences They vary state by state, by type and size of job and […]
Teachers-Allowable deductions
Teachers-Allowable deductions Answering machines, mobile phones, pagers, beepers and other telecommunications equipment: A deduction is allowable for the work-related portion of the rental cost or for depreciation on the purchase price of these items. Briefcases: A deduction is allowable for the work-related portion of depreciation on the purchase price of a briefcase. Calculators and electronic […]
Would this help you?
Would this help you? The Tax Institute of Australia has stated that “Child Care should be tax deductible to allow more women to return to the workforce”. Do you believe this measure would help you and your family? Interested in joining our team? Why not apply today? About Our Traineeships:- Join the Market Leader […]
Reserve bank cash rate
By Bottrell Group on March 19, 2014 in Hints & Tips, Interesting Articles, The Bottrell Office, Uncategorized
The Reserve bank cash rate The Reserve Bank of Australia has just unanimously voted to keep the cash rate at its current level of 2.5%. For more information how this could help your business please contact the team today 02 4933 6888. Interested in joining our team? Why not apply today? About Our […]
Jodie’s Place at Cessnock
Jodie’s Place at Cessnock Bottrell Business Consultants feel very privileged to be able to assist Jodie’s Place at Cessnock with much needed food, toys and non-perishables for its clients. We hope that everyone can get behind them this year. The team at Jodie’s place offer great service and support. Interested in joining our team? […]
