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 […]
ATO’s take on allocating profits within professional firms
ATO’s take on allocating profits within professional firms Gavin: at page 10 in the October 2014 edition of Voice, we wrote an article entitled “professional Practices under attack”, they still are! The ATO has now finalised its guidelines and published a document titled “assessing the risk: allocation of profits within professional firms.” The document basically mirrors […]
PAYG withholding variations
PAYG withholding variations PAYG withholding variations PAYG withholding variations should be used when the payee (the person receiving a payment) wants to reduce their withholding rate for the year ending 30 June. If this is you, please read further or call the office. The main purpose of varying your rate or amount of withholding is to make […]
We Specialise in the Car Industry
We Specialise in the Car Industry If you’re looking for an accountant who specialises in the motor vehicle industry, then Bottrell Business Consultants is the firm for you. We have staff that actually have ‘hands on’ experience working within the Motor Industry. We understand that a dealership has many departments which are essentially run as […]