When purchasing a business in Newcastle, Australia, it is vital to gather all relevant information from the vendor to make an informed decision. Information Required from the Vendor (Seller) Here is a list of information you should request from the vendor: Latest 3 Years Financial Statements: These should include the profit and loss […]
Bootstrapping a business
What is Bootstrapping? Bootstrapping a business is when an entrepreneur uses their own money as start-up capital for their business. The term comes from the old saying ‘pull yourself up by your bootstraps’ and refers to getting something done yourself. This method of financing allows you to have 100% ownership of your business and not […]
Franchises and Hospitality Industry
By Bottrell Group on May 10, 2016 in Interesting Articles, Motivation, Social Media, The Bottrell Office
Franchise Accountants: Enhancing Success in the Hospitality Industry Franchises and Hospitality Industry Are you part of the dynamic world of franchises or the vibrant hospitality industry? Whether you own a franchise or operate within hospitality, navigating the financial landscape can be complex. Fortunately, Bottrell Business Consultants specialize in providing comprehensive accounting, taxation, and business services […]
Increase ‘small lost threshold’ for super
By Bottrell Group on January 29, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles, Motivation, The Bottrell Office
Increase ‘small lost threshold’ for super The superannuation (Unclaimed Money and Lost Members) Act 1999 was recently amended* so that, from 31 December 2015, the small lost threshold for super accounts is increasing from $2, 000 to $4, 000. (*) Amended by the tax and superannuation laws amendment (2015 Measures No. 4) Act 2015, which […]
Recent advice regarding LRBAs and SMSFs
By Bottrell Group on January 29, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles, Motivation, The Bottrell Office, Uncategorized
advice LRBAs SMSFs advice LRBAs SMSFs In a recent meeting of the Superannuation Industry Relationship Network (involving the ATO and others in the industry), it has been reported that the ATO wants all SMSFs with non-commercial related party limited recourse borrowing arrangements (LRBAs) to put them on arm’s length terms as soon as possible, and […]
Declaration for tax and BAS agents
By Bottrell Group on January 29, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles, Motivation, Uncategorized
Declaration for tax and BAS agents The Tax Practitioners Board (TPB) has advised that, from 2016, registered tax and BAS agents will need to complete an annual declaration with the TPB to demonstrate they are meeting their ongoing registration requirements. “Registered tax and BAS agents must submit an annual declaration to the TPB on the […]
Retail Express Xero Add-on
By Bottrell Group on January 28, 2016 in Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office, Uncategorized
Retail Express Xero Add-on Retail Express is retail management software with a focus on point of sale and stock control that allows you to grow your business faster by delivering real-time access to all operational and financial data right across the business. Utilising cloud computing, every aspect of the business is able to be controlled. […]
Entryless Xero Add-on
By Bottrell Group on January 28, 2016 in Hints & Tips, Interesting Articles, Motivation, The Bottrell Office, Uncategorized
Entryless Xero Add-on Entryless is bills and expenses management software that allows automatic and fast processing of bills to the general ledger as soon bills are submitted. With speed, accuracy and simplicity, Entryless allows you to focus on their operations rather than accounting tasks. All bills are entered in an easy-to-use platform where they are […]
Disruptive Innovation
By Bottrell Group on January 28, 2016 in Hints & Tips, Interesting Articles, Motivation, Uncategorized
Disruptive Innovation DON’T BE AFRAID TO RUFFLE THE FEATHERS What is disruptive innovation? Disruptive innovation is a relatively new term. Its premise lies in the model of smaller companies with fewer resources and power that gradually challenge and overpower successfully established businesses by inventing new technologies to replace the old, and in the process, gain […]
Gen X Vs Gen Y
Gen X Vs Gen Y WHICH GENERATION IS BEST FOR YOU? A Boomer, an X or a Y? The Boomers, the Lost Generation and the Millennials. Chances are you have at least one of each amongst your employees. Each has their trademark personality traits, downfalls and work ethics. However, if you learn to embrace […]
Saasu
Saasu Saasu is everything you need to run your business from anywhere. It’s time to make owning a business easy and rewarding again. Saasu allows you to view at a click of a button:- DASHBOARD: See bank balances, sales and upcoming payments. GENERAL LEDGER: The backbone of your accounting records. JUMP GLOBAL SEARCH: Type nearly anything […]
Government scraps anti-detriment payments
By Bottrell Group on December 8, 2015 in Hints & Tips, Interesting Articles, Motivation, Uncategorized
Government scraps anti-detriment payments SMSF practitioners may need to reassess any anti-detriment payment strategies in place for clients with the government looking to remove the tax refund as part of its tax reform plans, says the SMSF Association. Speaking to SMSF Adviser, federal member for Deakin Michael Sukkar said he was calling for the anti-detriment […]
Increase Business Sales
By Bottrell Group on November 14, 2015 in Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office, Uncategorized
Increase Business Sales Bottrell’s Business tips to increase sales! Looking to increase your business performance? Our team recommends the following;- Define your mission. Define your Vision Detail the mission into specific goals. Define the Customer needs, then Sell to your customer needs. Create attention to your product, services & your business. Once you have branding/attention – […]
Join the Market Leader in 2016
By Bottrell Group on August 25, 2015 in Hints & Tips, Interesting Articles, Social Media, The Bottrell Office
Join the Market Leader in 2016 Gavin Bottrell is the CEO, Managing Director and founder of Bottrell Business Consultants Pty Ltd. Gavin established the firm in April 2010 operating from the East Maitland & Newcastle East Office focusing on offering accounting, taxation and business services to the Hunter Region, Central Coast, Sydney & New England […]
Supporting Hunter Valley Grammar School
Bottrell Business Consultants are happy to support the Hunter Valley Grammar School in the following ways:- 2015 Scholarship from Bottrell Business Consultants 2014 Accounting Scholarship from Bottrell Business Consultants Year 12 All Rounder Award from Bottrell Business Consultants Sponsorship of a junior netball team The directors & staff at Bottrell Business Consultants are proud to be […]
