Business Estate Planning Insurance Cover – Pros & Cons

Business estate refers to planning how a business will be managed in the event of death, illness, injury or retirement of one of its key stakeholders. Business estate planning generally involves seeing an accountant to value the business and a solicitor who then drafts Continue reading

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Small Business Benchmarks

Editor:  The Tax Office says that its small business benchmarks have been developed to help taxpayers compare their performance against similar businesses in their industry. As you might expect, they also are a guide to the level of income that Continue reading

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Christmas Gifts : A Tax Guide for Business

Last month we covered Christmas parties and the fringe benefits tax (FBT) and the income tax consequences of holding parties for staff and clients or suppliers. But as businesses often provide gifts to clients and staff this time of the Continue reading

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Business Succession Plan : Do you know your Exit Strategy?

This question is often the first we will ask our clients as knowing the end point is a one of the most important points to know as part of the overall business planning process. At a recent presentation I attended Continue reading

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Caution required before buying risk insurance from TV commercials

There has recently been a significant increase in the number of advertisements on TV selling ‘quick & easy’ risk insurance with supposedly very low premiums. They promise a ‘no questions asked’ approach, with no underwriting hassles and no time-consuming ‘full Continue reading

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A Debt Crisis in the U.S. and Europe turns into a Crisis in Confidence in Australia

Markets around the world have fallen sharply in the month of August. In the case of share markets in the United States and Europe we think this is a case of the markets finally acknowledging the reality of the difficulties Continue reading

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How To Start A Business : A Guide for Small Business

Many of us have dreamt of taking the big step to become our own boss. The thrill of building your own business is a challenge that many of us will face throughout our business lives. We see many businesses that Continue reading

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