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
Are you thinking about taking on a franchise? Many Australians become franchisees of large companies to leverage existing brand power and customers, whilst also giving themselves the opportunity to run their own small business. As attractive as this type of business setup might look, it is crucial to understand all the related tax obligations, feesread more
With job tenure in Australia averaging 3 years and 4 months across industries, job mobility is higher than it has ever been. The introduction of easy to use job seeking tools, greater access to education and upskilling, and a more flexible employment market has meant that people are somewhat less motivated to remain in theread more
With the first quarter of 2018 behind us, and tax time fast approaching, now is a great time to have a look at how the year has treated small businesses; and what the rest might hold. Renewed volatility in the global market started the year off on shaky ground, however the outlook for small businesses,read more
Australia is fortunate enough to be a part of one of the fastest-growing and innovative economic regions in the world – Asia Pacific. Our neighbours to the north have a vast population of people, forward-thinking ideas and a seemingly innate entrepreneurial spirit that has propelled the likes of China into the league of global superpowers.read more
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