Current as of January 2016
TIME TO REVIEW YOUR BUSINESS STRUCTURE
For small businesses, there’s never been a better time to review the effectiveness of your business structure.
In the last Federal Budget, the government announced new measures to allow small businesses to change their legal structure without incurring a capital gains tax liability.
Please click here to find out how these changes might offer your business some financial relief.
DON’T FORGET THE WRITE-OFF CONCESSION OF ASSETS BELOW $20,000
This measure was introduced as part of the Federal Budget on 12 May 2015 and continues until 30 June 2017.
Our article is a reminder of what conditions apply to be eligible.
XERO TIPS AND TRICKS
If you are currently using Xero, then please read this article as it is packed full of great tips and tricks to assist you in using the software more efficiently.
If you are not using Xero yet and would like to know it can benefit you then click here.
IS YOUR DEATH BENEFIT NOMINATION WORDED CORRECTLY? – NOW IS THE TIME TO CHECK
After your family home, your superannuation is most likely the next largest asset. Do you know what will happen to your superannuation upon your death? Will it automatically get paid to your Estate?
Click here to find out.
WELCOME TO 2016
Happy new year! We hope that you had a relaxing break and are ready to take on 2016 with renewed vigour.
It’s a tough business environment at the moment, with loads of challenges and complexities to negotiate, but there are companies managing to make the most of the situation and maintain a profit.
Competition and pricing pressures are two of the key challenges facing businesses, meaning making a decent margin is becoming harder and harder. Outsourcing and technological advances compound these pressures, so unless your business has a compelling advantage over the competition and unless you are able to articulate this advantage, then you might struggle to maintain prices that are higher than your competition.
If you’d like to discuss how your business is going and review your cost and margin structure, then feel free to get in touch with the partner that looks after your affairs.
One man’s wage rise is another man’s price increase. Harold Wilson
This newsletter has been produced by Stanley & Williamson as a service to its clients and associates. The information contained in the newsletter is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this newsletter, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under Professional Standards legislation.