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Ask any successful small business owner about the importance of planning, and I am sure that they will have a comprehensive answer for you. And I don’t mean just planning for the day to day management, year on year business forecast items such as expected revenues and expenses, budgeting and cash flow. Rather I am
Read More...Reducing the company tax rate to 25% From 1 July 2016, the company tax rate will be progressively reduced to 25 per cent over 10 years. The tax rate for businesses with an annual aggregated turnover of less than $10 million will be 27.5 per cent from the 2016-17 income year. The annual aggregated turnover
Read More...Put simply, financial planning for small business is about all of the foreseeable and unforeseeable “what ifs” of a business. It asks the confronting and sometimes difficult questions like: Do you as the primary business owner / operator have an exit plan? Would the business suffer financially if it lost any of its key people?
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