Scared of advice?
Litigation and the risk of litigation is real for professional firms. As taxation becomes more complicated and business transactions are becoming harder to follow, there is a need for firms to align themselves to maximise their service offering. For smaller practices avoiding or unwilling to give advice, we offer a service that will allow you […]
Pre-Christmas Planning
Each year the team notices an uptick in businesses suffering financial difficulties prior to the Christmas break. For some businesses there is an attempt to hold on, to try and see if the new year will bring the necessary change to be able to break a financial problem. If your business is under pressure, now (and […]
Using your super for business
Can I borrow against my Super to buy or support my business? Unfortunately the answer is probably ‘No’. Super funds pay a discounted/concessional rate of tax on earnings (15%). To keep getting the discounted rate they have to comply with Superannuation legislation. One of the rules is that the ‘sole purpose’ for the fund is […]
Illegal Phoenixing
With high-profile cases of illegal phoenix activity back in the news, new funding to crack down on the practice and the establishment of a cross-agency anti-Phoenix taskforce, the obligation of professional advisors to not participate in suspected phoenixing is clear. Where professionals see illegal phoenixing behaviour, there are moral and ethical expectations to report it […]
Basics of Testamentary Trusts
A testamentary trust can save you or your beneficiaries a lot of money when it comes to tax. They are usually used to protect assets. A testamentary trust is created by a will in order to provide a higher level of control over the distribution of assets to beneficiaries. The main benefit of a testamentary […]
C&D Pub Consulting
Are you a hotel operator looking for a different view of what your options are and how you can improve your business. Our team has run over 90 licensed venues over their career focusing on high level turnaround and either packaging for sale or bringing in long term management. Where you partner with us our […]
The unrealistic landlord
The landlord, for most businesses, is the last to know but generally holds all the cards. Dealing with a landlord who is unrealistic however can make your business less likely to be able to survive a restructure or change in your business. If the landlord is unwilling to negotiate on rent arrears or a rent […]
Dealing with social media
Small business can often live and die by social media and the influence of customers and staff, what messaging is necessary though and how can you deal with the negative aspects of this. Failing to address social media concerns can be damaging to the business but equally fueling a problem by over engagement or justification […]
Communicating with staff during a restructure
Staff are the most important part of your business and communicating with them during the period of a restructure can make or break the business. If there are going to be redundancies or terminations this should be something that is communicated early to allow staff to look for alternative options.
Best decision of my life
We received a letter recently from a client we assisted move into bankruptcy, as background he had been unsuccessfully running a franchised business for five year, paying $2,500 a month in franchise fees to be a handyman, he had not made any money for three years and not drawn a salary since 2016. “Hi Craig, […]
