When anyone is buying into an existing company, or setting up a new company with colleagues, friends or even family, it is essential to document how the relationship is going to work and set ground rules for what happens in the unfortunate event of a dispute.
Topics: startup, management, negotiation, planning, business owner, Shareholder, company
Digital signing, versus the traditional "wet" signature, has become increasingly popular in recent years. More and more countries across the globe have endorsed the legal validity of digital signing, enabling businesses to digitize entire workflows and further optimize management processes.
Topics: software, business owner, MovingCloud
The Australian Government recently introduced new legislation in a bid to maintain its budget surplus. It has extended its Director Penalty Notices (DPN) issued by the Australian Taxation Office (ATO) to also include unpaid taxes included in your BAS Returns such as Goods and Services Tax (GST), Luxury Car Tax (LCT) and Wine Equalisation Tax (WET). These taxes join PAYG Withholding and Superannuation which are currently subject to DPN’s.
Topics: financial, GST, taxation, penalties, tax, management, financial planner, ATO
The way you access government services for both business and personal matters is changing this month. myGovID and Relationship Authorisation Manager (RAM) will replace AUSkey at the end of March 2020.
Topics: News, financial, small business accounting, taxation, accounting, AUSkey, ATO
Read the transcript of the press conference given by Professor Paul Kelly, Deputy Chief Medical Officer, about coronavirus (COVID-19).
The government has announced a range of measures to support the economy, business and employment in the face of the Coronavirus health crisis. The measures include the below.
Topics: small business, business owner, ATO, Coronavirus
Have you had a potential investor turn away from your business for seemingly no reason? Investors don’t usually turn away from good opportunities so was there something that made your company or business plan unappealing?
Here are six reason businesses makes themselves unattractive to investors.
Topics: success, investor, profit, management, entrepreneur, business owner
It’s the line item most often left out of a small company’s budget: the business owner’s salary.
Topics: small business, entrepreneur, financial planner, business owner, salary
Being a small business owner can be fantastic. You get to be involved in every aspect of your business, from marketing to event planning, from sales to employee development. Being involved in so many areas of your business saves you from boredom and allows you to use skills you might not have known you had.
Topics: tax, efficiency, financial planner, business owner, bookkeeping
The start of a business partnership is an amazing time. Generally speaking, both people are invested financially, emotionally and professionally in the business. It may be stressful to start a business but doing so with a partner gives you someone to share the responsibility and workload with. When you and your partner collaborate and work well together, a partnership can be incredibly fulfilling.
Topics: sell your business, negotiation, business owner, business partnership