At the SMSF Association (formerly SPAA) National Conference held last month in Melbourne, the ATO confirmed that they are taking a new approach to when an Auditor Contravention Report (ACR) is lodged for an SMSF. The ATO will now telephone trustees of SMSFs (or directors where there is a trustee company) when they receive an ACR to confirm that the trustees or directors are aware that a breach was identified, as well as query why it

Cash flow is a critical factor to business success. Too little revenue coming in or too much going out will cause any organisation struggle to stay afloat. For those who operate a small business in Australia, future proofing your cash flow is a crucial consideration. Without this forethought, it is likely that your organisation could become one of the 51 per cent of businesses that cease trading within the first four

Successful family businesses can take a lifetime to build, but poor decisions around succession can rip the heart out of a business and a family in a fraction of this time. Handing over power to a new generation is a tricky process. If you plan to transfer your business to a family member you need to consider how this will affect the family unit as well as future business operations. Contact us

Retiring from your business which you have built up for many years can not only be an emotional milestone but also a financial and legal challenge. Getting it right is important for your future well being in retirement as well as the continuation and growth of your business. Recently I came across some statistics that showed that 31% of all small business owners are aged over 50. Additionally, in another

You work hard to make your small business distinct from other similar operations—especially those in the same industry and/or serving the same type of clientele—after all, differentiation is how you make your business stand out. But when it comes to small business legal blunders, you probably have more in common with your cohorts than you think. If you are planning to run a manual labor business make sure you have

The steps оf the сrеdіt аnd dеbіt card рауmеnt рrосеѕѕ еxрlаіnеd Buѕіnеѕѕ оwnеrѕ and mаnаgеrѕ tеnd tо аlѕо be savvy соnѕumеrѕ. That’s undеrѕtаndаblе since you routinely evaluate thе mаnу рrоduсtѕ аnd services nееdеd to kеер your buѕіnеѕѕ running ѕmооthlу. Accepting сrеdіt саrdѕ еnаblеѕ you tо get paid. Thаt mеаnѕ уоu’ll nееd tо select a сrеdіt саrd рrосеѕѕіng соmраnу. Crеdіt саrd рrосеѕѕоrѕ аrе іmроrtаnt partners bеуоnd thе соrе ѕеrvісе оf рrосеѕѕіng