News/Media Announcements: August 2019
Tax Deductible Meals for hard working business owners
We thought that you might like to know…
Yes, it is possible to have any meal that you provide for you (and any of your employees) to be:
Fully tax deductible,
GST claimable, and best of all
FBT does not apply.
There are a …
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What’s my business worth?
Ask most business owners what they think their business is worth and the answer is usually “no idea”. In fact, they have always wondered about value even if there was never any inkling to sell. Most generally have an idea but sometimes widely …
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Succession of Nothing
Most business owners defer any formal approach to succession planning.
So it is always great to see the owner finally put pen to paper or better still, engage a professional person to help them bring their succession plans to life. But tragically …
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Protecting & Preserving Wealth
“My business is my superannuation”.
That was the comment we have heard from many business owners over the years. All too often, the needs of the business were always the top priority and minimal effort was made to extract money from the …
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Performance equals value
Most business owners rarely think about the value of their business. The day-to-day pressures of life leave little time to dream about the value of their business, let alone the factors that underpin a value improvement process.
Yet business value …
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Life beyond Business
“What are you going to do after you sell this business?” We have asked so many times during the Succession Planning process.
“Don’t you worry; we will sort that out later. We could travel, sit on a beach somewhere and enjoy a drink with …
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What is ‘Business Succession’?
One of Australia’s big 4 banks thought that they knew the answer when we partnered with them in 2002 to help them provide succession planning services to their business owner clients. They wanted to ensure that the next gens of these family …
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Building Business Value
How many times have we seen this?
We meet a new client who is desperate to deal with succession. The business may have been once great, but time, technology, competition and imports have all taken a toll. It is no longer fun.
Sometimes …
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The Big, Big Ship
Just once!!!
Yes, based purely on economic grounds, we chose to sail on a BIG cruise liner through the Caribbean rather than a more boutique intimate gourmet ship (as widely recommended). We were definitely being brave. It’s cheap. If you want …
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Bringing your kids into the business
It is easy to bring your children “into” the business. Most family businesses start this by simply employing their kids often while they are on school holidays. But what about employing them for a lifetime career? Without a strategy and a …
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