Startup Funding – funding the next big thing?
Are you part of the one percenters?
So you’ve got the idea, the smarts and the motivation but there is that one missing piece to get that great idea of yours to the next level or even of the ground – the $$!
Funding start up or early stage business opportunities can be difficult to crack and you may have heard of and considered the likes of venture capital, angel investment, debt funding, and even considered tapping friends and family on the shoulder and more.
A Labor win - your loss?
Is a Learjet or Gulfstream your preferred method of transport?
If so, listen up – we have some important changes to tell you about. If not, keep reading – it might only be a matter of time until they are. Who are you?
Medical accounting – get the fundamentals right
With Liberal frontbenchers across Australia falling on their swords and Bill Shorten licking his lips, Labor are expected to romp home in the 2019 Australian Federal Election. A Winx-like victory if ever there was one - albeit a whole lot less entertaining.
The FFS of Property Development… feasibility, funding & structuring
Setting up a new medical practice without first fully structuring your medical accounting and finance systems can be pretty much akin to performing open heart surgery on yourself. Without a proper plan - and the right advice - you’re almost certainly heading for disaster.
Contractor or employee? Defining working in the gig economy
We’re sure you’re aware that in today’s climate making money out of property development can be tough. Plus the uncertainty surrounding the banking royal commission and the looming federal election have only added to the complexities, making the property industry a nightmare if you’re not fully armed with the right information. So here’s a guide to property development, to help you choose a profitable path.
New fast tracked corporate tax cuts
A former Foodora Australia delivery rider, Joshua Klooger, recently won an unfair dismissal claim despite a service agreement that classified him as an independent contractor. We explore the implications of the case.
ESIC tax incentives for angel investors
If your company is an eligible base rate entity, there’s good news on your corporate tax cuts timeline scenario. And if you’re an unincorporated entity, you’re in for an increased income tax offset.
Understanding Personal Service Income rules is vital
Considering investing in an early stage investment company (ESIC)? Or maybe you’re a potential startup wondering about ESIC tax incentives. Either way, here’s a brief rundown on both ESIC tax incentives and the qualifications for ESIC eligibility itself.
GST & Property – The rules have changed again...
If you’re a medical practitioner or other sole trading professional, you’ll be probably be aware of the tax terms - Personal Service Income (PSI) and Personal Service Business (PSB). But are you fully up to speed with their often misunderstood rules and differences, and how they impact you?
Need Cash for Growth?
The government has introduced new legislation which brings forward the collection of GST on the sale of new residential premises or new residential subdivisions, effective 1 July 2018.
The QLD government have two grant programs worth looking at:
Applications for the Accelerate Small Business Grant is closing 5pm 27 March 2018 – Grants of up to $10K
The Business Growth Fund – a new program that kicks off on 28 March 2018 and provides upfront payments of $50K.
The Debt Diet
Has the crypto bubble burst or will it bounce back? Either way… what are taxation implications of the virtual gains (or losses) you may have realised?
Late last year the Australian Taxation Office (ATO) published its guidance on the taxation treatment of crypto-currencies, specifically Bitcoin.
With the new year upon us, many set personal goals, typically around health and wellbeing. Keeping with the theme… financial health and wellbeing should remain a focus for businesses alike.
The Debt Diet, like any good diet, aims to remove the bad debts and replace them with good debts. This is achieved through regular review of the debt/funding adequacy deployed in a business at each stage of its life cycle. As is often the case, businesses are either carry too much bad debt (fats), incorrect of debt/funding structure (poor diet) or both.
SMSF – Getting your hands on the cash
XERO have been doing some great stuff over the years, arguably they taught accountants to embrace technology.
More recently though, they have developed a Small Business Insight tool
A common question raised is: can I access the cash in my super fund? The common response is: not until your old and probably grey and disinterested in making money.
But we've been thinking and there are a few alternatives, here's one...