I am not really into New Year’s Resolutions – they have never really worked for me. So on New Year’s Day whilst nursing a hangover, I got asked the ‘what are your resolutions this year’ question by my nephew. After hearing that they were not for me he asked an interesting question which went something [Continue Reading…]
With the January break on the way, many employers and businesses will be planning to reward staff with a celebratory party or event. There are import issue to consider in regards to FBT and income tax FBT and Entertainment As am employer you can choose how to calculate any FBT on entertainment • actual method’ [Continue Reading…]
It is one of the most common questions I get, usually from new start up business. It is also a conversation I have with my more established businesses. With any new start up business capital is usually at a premium and keeping costs as low as possible is an absolute priority. Having said that there [Continue Reading…]
Claiming motor expenses is one of the most frequently asked questions I get asked about. If I happen to be advising a new business start up then I am certain I will get asked a motor expense question. Covering your motor car or ute in your business logo and sign does not mean you can [Continue Reading…]
As an accountant and business advisor over the last 20 years I am amazed at the number of times I am approached to fix a business’s bookkeeping. Sometimes we are given books and records by a business owner many months after the work has been completed and we are shocked at the level of work [Continue Reading…]
For those old enough, we know that these were the famous words used by Ronald Regan (except the word was ‘Economy’ not ‘Passion’) but the result is the same. As a business owner who has advised a few thousand businesses, it ceases to amaze me what passion can do. I have seen business models that [Continue Reading…]
Set Goals – Really? Boring and It’s Crap Isn’t It? – Or is it? I can hear you moaning already. I get it all the time. I know you have heard this before and are sick to death with it. The thing is, every consistent success business or business owner I have been involved in [Continue Reading…]
Last week I put up an article on the traits of successful business people. One of the things that I have found is that successful business people also have a big WHY? What does that mean? It basically means they have a big WHY they do what they do so passionately. I have found that [Continue Reading…]
Does Sir Richard Branson Think Like This? As a Business Growth Strategist and a Chartered Accountant, I have been lucky enough to be involved in over 3,500 businesses over the last 20 years. It has allowed me to see what traits successful businesses have and how they implement them in their business. I have never [Continue Reading…]
When a director gets one of these it can be really scary. So what are they and how can you avoid getting one? As a company director, or a director of a corporate trustee, you normally have limited liability and debts of a company cannot be allocated to a director unless they have given personal [Continue Reading…]
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