Time is running out. If you want to take a few simple preventative measures to minimise or defer how much tax you will pay for this Financial Year, you need to do two things: Read the following 9 point checklist, then Call or email us as soon as possible so we can make a time …
Read more “A 9-point checklist for paying less tax (providing you act quickly)”
While everyone wants their businesses to be successful and operate for a long time, you may not necessarily want to remain at the helm. As some point, you may want to pass the business on to your children, or to someone else in the company. You may want to sell your share to your business …
Read more “Passing the Baton: Why Every Business Owner Needs a Succession Plan”
So you already have an SMSF, and now you’d like to invest in some property. Unfortunately, while you have some spare cash to invest, you don’t have enough to buy a property outright. And borrowing really isn’t an option. So there’s nothing you can really do except to keep saving and hope for the best, …
Read more “5 ways you can invest in property without borrowing in SMSFs”
Success in business requires a number of essential ingredients. A sound strategy. A robust business model. Effective planning. Strong financial control and bookkeeping. A good team. Great systems. Measurement. Focus. But you know what? Even all those elements are not enough without this skill: Execution. Call it “Getting Things Done”, making things happen, the action …
The Office of State Revenue (OSR) in NSW has recently updated details of tax, duty and grant guidelines in line with important changes implemented as of 1 January 2016. A number of free information seminars in the form of a roadshow were recently held designed to provide key updates to the community. Highlights of the …
Isn’t Twitter a waste of time? Isn’t Facebook for the kids? Not anymore. It’s true that Twitter and Facebook started out with very ‘non-business’ objectives. The founder of Twitter actually did invent it so you could tell everyone you were going to the shop to get some milk; and anyone who has seen the movie …
Read more “Social Media Hype or Substance? Are Twitter and Facebook Relevant to Business Owners?”
Larger businesses have a Chief Financial Officer (CFO) on staff. But what can small and medium sized businesses do in this regard? Clearly, larger businesses can afford an in-house CFO. But it goes beyond an affordability issue: Large, successful businesses also understand how crucial the CFO role is to their business performance. The CFO in …
Read more “How To Have A Seasoned CFO Help Guide Your Business Decisions”
Thinking of rewarding your clients, your staff and their families this festive season? Maybe you’re even thinking of rewarding yourself. After all, you’ve accomplished a lot with your business this year, right? Well, the Commissioner of Taxation (a.k.a. Ebenezer Scrooge) is determined to take all the fun out of your gatherings and gift giving with …
Read more “4 steps to avoid getting Scrooged by FBT this Christmas”
Here at KLM Accountants we’ve been auditing not-for-profit entities for more than 40 years. And with a large portfolio of not-for-profit clients, we think of ourselves as specialists in the not-for-profit sector. Having just completed our end of June audit engagements, we thought we should remind charities about the obligations and challenges they face before …
Read more “4 factors that could determine whether your charity is compliant”
In a lot of situations, hiring a contractor to get a particular job done makes perfect sense. It may require expertise or skills none of your employees has. You may only need someone for a short timeframe to clear a backlog of work. Or maybe you just want to avoid having to go through a …
Read more “Unmasking Liability: 6 Signs That Contractor Is Really Your Employee”