New Business Name Registration Regime with ASIC
A business name is the name under which a person or other entity trades. If your trading name is different from your entity name (your personal name or company name), you are required to register your business name in each state in which you…
Personal Income or Business Income?
A business is generally entitled for income tax deduction (and GST input tax credits) for the expenditures incurred during the business in order for earning income. There must be nexus between income earning and the expenditure to be deductible…
Cashflow Management
Cash on hand or at bank in your business does not match with the profit. This is due to credit sales and purchases. It is all about timing. Profit of a transaction is calculated when sale is made. If you are in business that offers goods or…
Business Health Check for Business Success
Evaluating the business performance is one of the pivotal management tasks as it identifies the potential business problems and alarms the positive and negative signs of business performance. Business owners and managers will have the credible…
Special Report: Financial Risk Management in Difficult Times
Despite European debt crisis and following economic downturn, we hear Australia is doing well in its economy. Thanks to mining boom and China. However, when I see our clients normally small to medium sized business owners, majority of them cry…