TIPS FOR FOREIGN EXCHANGE PAYMENTS AND RISK
The World of Foreign Exchange and International Payments can often be a minefield for SMEs. Fluctuation in the Aussie dollar, reactive rather than proactive providers and archaic processes/payment platforms all pose their own problems to today’s business owner.
Our article covers some of the common issues business owners come across, as well as some easy to follows tips for your FX risk.
THE $1.6 MILLION TRANSFER BALANCE CAP EXPLAINED
Now that all three tranches of the Federal Budget’s proposed superannuation reforms have been introduced to parliament, greater clarity has emerged in regards to the mechanics of the $1.6 million transfer balance cap, and the interaction it will have with non-concessional contribution caps.
Click here for the details.
BUY-SELL AGREEMENTS – WHAT ARE THEY AND WHAT ARE THE BENEFITS?
A buy-sell agreement is a legally binding document between the key persons in a business. It acts as a succession planning tool to protect the business interest for each of the key persons in the business, and provides legal certainty for the families or estates of each of the key persons.
Read about the benefits here.
CASE STUDY OF A SUCCESSFUL CLIENT
ThinkingWorks, who make leading edge commercial ergonomic furniture, have been a client of ours for over 5 years. They are always looking to push the limits and grow their business. This year they decided to exhibit at one of the world’s largest furniture trade shows, Orgatec.
Click here for a brief case study of what they did and how they did it. They are a fantastic success story and a great example for all businesses of what opportunities there are out there if you are willing to take the chance.
ARE YOU THINKING OF DOING BUSIENSS OVERSEAS?
If you are thinking about doing business in an overseas market, it’s important to get the right structuring, set up and tax advice from the start.
We can help. Click here to find out how.
THE S&W CREW
At Stanley & Williamson we have a team of around 25 people. We are fairly sure that you won’t know everyone, so we’d like to start introducing some of them to you.
Name: Katrina Xue
Position: Accountant
Has been with us for: 15 Months
Loves: Swimming and shopping
Loathes: Bugs
Is passionate about: Travelling with her family
QUOTE
Courage is being scared to death, but saddling up anyway.
John Wayne
Kreston Stanley Williamson Team
*Correct as of November 2016
*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.
