Data Matching Programs The Government has announced that it will request and collect information for the purposes of the following data matching programs. Credit and Debit Card Data Matching Program The ATO will request and collect data relating to credit and debit card sales of approximately 900,000 businesses for the periods from 1 July 2012 […]
Six questions start-ups must ask
Six questions start-ups must ask Starting a business is difficult. Risk is a big part of any enterprise, and answering these six questions may assist mitigating this risk. 1. How will you finance your business? Funding it yourself means you will have greater control, but growth will be slower. 2. How will the business provide […]
7 ways to stop wasting time
7 ways to stop wasting time Time-wasting is a national sport in Australia. So, how do you stop wasting time and get through your to-do list? Here are some useful tips to do this: 1. Systematise your day These days there are many aspects of communication that can be systematised and automated. 2. Track your […]
How not to start a start-up
How not to start a start-up Here are five things you should never do when starting a business: – Launch without watertight paperwork, It doesn’t matter how brilliant your idea looks on paper, if you haven’t got all legal documents before trading, you are doomed. – Shirk good legal advice – Start trading without enough […]
Not meeting super obligations can be an expensive mistake
Not meeting super obligations can be an expensive mistake Small business owners who try to avoid their employee superannuation obligations can now be reported to the Fair Work Ombudsman. Formerly the ATO was charged with enforcing employer’s super obligations. But due to the ATO’s workload, the chance of an errant employer being forced to meet […]
Changing your legal structure to a company or trust
Changing your legal structure to a company or trust Just because a business starts off being operated as a sole trader it does not mean it has to stay that way. As long as the decision to change the type of entity that owns the business is not made purely on income tax saving grounds, […]
Have you been into the Hunter Street Mall lately?
Have you been into the Hunter Street Mall lately? Hunter Street Mall runs between Perkins and Newcomen Streets in the heart of Newcastle. In contrast to today’s massive suburban shopping centres, the Mall (along with nearby Darby Street) provides prospective shoppers with a unique shopping experience. Shopping in the Mall comes with the enjoyable experience […]
Six biggest pitfalls in business banking offer letters
Six biggest pitfalls in business banking offer letters The most common and expensive pitfalls borrowers fall into when signing bank offer letters are misunderstandings. The most common are discussed below: 1. Security especially personal guarantees Despite requirements to obtain legal advice before signing a guarantee, this area remains a source of great angst […]
5 Reasons why you should jump on to social media
By Bottrell Group on December 13, 2013 in Hints & Tips, Interesting Articles, Motivation, Uncategorized
5 Reasons why you should jump on to social media 1.It is the surest way of attracting the right new business prospects for your firm 2. When compared to traditional media and sales methods, social media in most instances has a superior cost-benefit proposition 3. With discipline and governance in place, social media is relatively […]
