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Helping you reduce tax, protect your interests, and grow your income as professional business advisors and accountants.
Taggart Tip #10 – Is Your Small Business Structured Appropriately?
Is your small business structured properly? Transcript Taggart: “G’day; it’s time for another Taggart tip. I’m here at fabulous Eagle Farm Racecourse and it’s Derby Day; believe me there can be plenty of tips here today. From my experience, most businesses don’t structure appropriately for their circumstances. Structuring for your business is something that gives
Taggart Tip #9 – Diversify Your Income Streams
Is your small business reliant on a single income stream, supplier or client? Here’s what you should do… Transcript Taggart: “G’day it’s time for another Taggart tip. I’m here in fabulous Gordon Country which is a working cattle property. Now, these guys knew that they need to do something different to protect their asset and
COMBAT THE INCREASE IN AUDIT ACTIVITY
AUDIT PROTECTION – HOW TO COMBAT THE INCREASE IN AUDIT ACTIVITY Does your business have audit protection? The government has proposed a 55% increase in audit funding over the next four years. A target of $3.7 billion is anticipated for the gross revenue that will be raised as a result. So, what does this mean
SKIPPING STONES WITH THE ATO
Think about lodged returns as if they are stones which are skipped into a river once lodged. Historically the Australian Taxation Office (ATO) would fish out these stones haphazardly with a net, which were amidst an abundance of water and other stones. Now, imagine that the river has dried up. This makes it a lot
Articulating Your Marketing Guarantee – Don’t Just Reverse – The Risk Remove It!
Consider this fundamental point in business; whenever a customer makes a purchase, they take a risk that the product or service will work. When you think about it logically, the fact that they’re taking a risk must hamper the decision-making process. In a lot of cases, it must put off the decision. The product or
TIME FOR A CHANGE…AND QUICKLY!
Ever heard the expression “time is money”? Well, it’s never more true than when it comes to making changes to your business. While change is not something that most people embrace quickly or open-heartedly, if it’s done too cautiously it can flatten revenues, eat profits and lead to business failure. This is particularly true for