If you have a Family Trust (also known as a Discretionary Trust) you likely need to distribute the income of a Trust through a resolution to beneficiaries, and must do so BEFORE the end of the financial year (June 30) for the resolution to be effective in determining who is to be assessed on the Trust’s income. If a Trustee fails to make a resolution to appoint the income of
Have you heard about the Queensland Government’s Small Business Entrepreneur Grants Program? The program is providing matched funds to newly started small businesses so they can access professional planning, coaching and training. Such advice is critical in the early phases of establishing a business as having the right structure and processes in place from the start can often give a business the platform it needs to survive those first tough
Why change? Xero have channelled over $100 million into their cloud accounting platform over the last two years, made hundreds of product updates, and added powerful new features and integrations. Because Xero lives online, these updates and new features are delivered automatically (unlike the clunky and expensive upgrades required for desktop software), and so many of them may have gone unnoticed by many. And it’s not just talk – Forbes ranked Xero as the World’s
As a business owner, if it is costing you more money to create your product than you are making when you sell it—you have problems. But how do you calculate your ideal profit margin? And once you do so, what are some ways to maximize it easily?