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 […]
Income tax concessions
[vc_row][vc_column][vc_column_text]There are four income tax concessions. Simplified depreciation rules In the 2015 Budget, the Government announced its intention to allow small businesses with an aggregate turnover of less than $2Â million to immediately deduct assets they start to use or install ready for use, provided the asset costs less than $20,000. The small business simplified depreciation […]
Why is A Business Cash Flow Important?
Why is A Business Cash Flow Important? A small business cash flow determines its future. If the business has enough cash it will thrive, if it does not have cash it will collapse. A cash flow statement shows the exact amount you are making. Cash on hand can let you do the following; Pay your […]