Getting your personal finances in order at the start of the new financial year is nothing new – we even looked at that in a recent article! But what about those of us in business? Whether your 2018/19 financial year was one of your best or one of your toughest, there’s always room for improvement.read more
Starting and running your own business is exciting, challenging and, at times, incredibly busy. Best of all though, it can be one of the most rewarding things you’ll ever do. A common reason for setting up a business is because a person knows that they’re really good at something, and wants the potential flexibility andread more
Ever thought about selling on Amazon? While it may seem a daunting prospect, MP+ is starting to see success stories come through from clients who have made the leap. We’ve thoroughly enjoyed working with these clients in setting up their business structures, and planning their tax strategies to make the most of their new venturesread more
When you’re running a small business, you want to make sure you’re making your money work as hard as you do. This often extends to legally minimising your tax where you can, and there are plenty of ways to do so – even from day one. Here are a few you can look for: Start-upread more
For those looking to get into small business, gaining an understanding of the state of the market, competition and current areas of concern is important in guiding business decisions, particularly in the early stages. The Australian Taxation Office (ATO) has recently released some interesting insights into the small business sector, particularly around what small businessesread more
As the “gig economy” becomes more prevalent and employers look for the best employment solutions for their business, there’s a growing need to outline the differences between an employee and a contractor. In the past, companies have been caught out with things like unexpected Superannuation Guarantee, payroll tax and PAYG obligations because they have incorrectlyread more
The strength of the small business market in Western Australia appears to be aligned somewhat with the real estate market over the past five years, a trend which is reflected across the country to a certain extent. Nationally, strengthening business conditions should facilitate reasonable selling conditions, while the effects of the Banking Royal Commission hasread more
Introduction Getting a business up and running for the first time is one of the most exciting financial ventures one can make, and may give you the financial control and freedom you’ve always wanted. However, it isn’t something that should be taken on lightly. There are a myriad of considerations that must be made whenread more
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