Managing your debtors is a crucial part of maintaining your cash flow, and recently the Australian Financial Review reported that small businesses in our country are owed $26 billion in unpaid invoices.

Business owners have once again been reminded to be on the lookout for suspicious emails, after thousands of fake invoices impersonating accounting software provider MYOB started hitting inboxes.

Radical and substantial superannuation changes take effect from 1 July 2017, meaning time is running out to make the most of this very effective tax minimisation strategy.

The Treasurer has presented the Federal Budget proposals for 2017 to Parliament, and the Business Wise team have been busy breaking it down. In this article are the key changes that we feel may affect a large number of our clients.

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

In a ground breaking win for property developers, a recent NSW Court of Appeal decision found that land held for future development but used for grazing, can be exempt from land tax.

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?

The Queensland Parliament passed the Amending Bill on 17 September 2015, which will make some significant changes to the Workers Compensation and Rehabilitation Act 2003 (WCRA).