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Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.

BUSINESS IMPROVEMENT TIPS – MAKE THIS YEAR THE BEST YEAR EVER

The New Year is the ideal time to think about the previous year, and implement changes keeping in mind the end goal to improve and develop your business. This week, the Taggart team shares their top business improvements tips. Continue reading for more. Business Improvement Tips and Resolutions Consider the following when building up your

Run your own race

One of the things I’ve noticed is that small business confidence can be significantly affected by shifts in the political landscape. The knock-on effect of this is that business momentum can be lost by worrying about the potential changes in the economy. My own personal mindset is that I know that my business was here

Best Way to Reduce Tax? Don’t Spend a Dollar to Save 30 Cents

I am often asked by my clients if purchasing items for their business such as a new car or more stock is the best way to reduce tax. My answer is: it all depends on your motivation! For many small business owners, the desire to save tax can drive them to unnecessary expenditure. You know

WHAT’S YOUR BUSINESS FAMOUS FOR?

I recently took a trip to Byron Bay where I visited the famous lighthouse which is renowned for being the most easterly point in Australia. This got me thinking about what other places, and more specifically businesses, are actually known for. For example, KFC is famous for its 11 secret herbs and spices and McDonalds

The Importance of Innovation in Business – Innovate or Die!

Interested to learn about the importance of innovation in business? Raymond Taggart visits the beautiful Kondalilla National Park in the Glasshouse Mountains to share some insights into the topic. “I recently visited the beautiful Kondalilla National Park in the Glasshouse Mountains in the Sunshine Coast hinterland and did a 4km trek around the gorge. It

The Rocket Science Behind Increasing Business Profitability

Increasing business profitability while simultaneously growing is the Holy Grail for most small business owners. While you may assume that one will follow the other, what most business owners don’t realise is that a business can actually grow too fast, impacting both cash flow and overall profitability. However, while most people might assume that reducing