The success of a business can be measured in a number of ways, but the bottom line, literally and figuratively, is profit. While longevity, public perception, and product or service quality are a few things that factor in, the financial health of a business will always be a critical metric in determining its value -read more
Amongst the doom and gloom of our present economic and social circumstances, the more switched-on in the SME community are taking the glass-half-full approach to improving their businesses. Some marketing opportunities of days gone by may have passed, or been put on hold, but new ones are cropping up all over the place if youread more
**Updated following announcement on 6 August 2020** The original JobKeeper payment was announced by the Federal Government in late March 2020 in response to COVID-19 and comprised a $1500 per fortnight wage subsidy for businesses so they could continue to pay eligible workers. For the most part, this payment helped keep people employed and theirread more
The Federal and State Governments have spent billions of dollars over the past few months in response to COVID-19 in the form of stimulus measures such as JobKeeper payments and an increase of the Instant Asset Write-Off threshold. Where schemes like these exist to keep businesses afloat; allow individuals to retain employment; and sustain spendingread more
As we outlined in a recent article, there are several critical factors that contribute to making an acquisition a success or failure. In this instalment of the McKinley Plowman Business Growth series, we’ll be digging further into the importance of what are commonly considered the key aspect, customers and revenue. Getting the necessary information togetherread more
Starting and running your own business can be challenging, exciting, daunting, or even overwhelming at times. And that’s just in carrying out the day-to-day operations of the business, let alone the mountain of compliance requirements and paperwork required to keep everything above board. The shifting landscape of tax and compliance legislation can make it toughread more
In case you’ve missed it – the Australian Taxation Office (ATO) will be retiring the AUSKey service on 27 March 2020, with a view to replacing it with myGovID and Relationship Authorisation Manager (RAM). This means if you’re currently using AUSKey to access the Business Portal, and you’re yet to sign up for MyGovID, youread more
Being your own boss, making a living doing something you love, creating opportunities for other people. No matter why you might be looking to start your own business, it’s important that those aspirations are given the best chance of being fulfilled by starting off on the right foot. The often boring, but very necessary, processread more
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