The process of buying or selling a business can be complex, time-consuming and stressful. This article outlines answers to some of the most frequently asked questions from both business buyers and sellers, and is a must read for anyone who has ever considered making an acquisition or taking their business to the market.
The use of ‘big data’ Big data refers to large data sets that can be analysed to reveal patterns or trends. Businesses are now increasingly using big data to identify the current trends of their customers and any opportunities they may have in the market. Therefore, it is important that decision makers within businesses (e.g.… Read more »
If you manage a small business, you may feel like there isn’t enough time in the day to get everything done. The biggest downfall for many entrepreneurs is that they are wasting time on low-value activities and confusing busyness with productivity. Ask yourself these 3 questions to determine whether you are maximising or wasting your… Read more »
New Year’s resolutions don’t always have to be for your personal life, you should also think about making some marketing resolutions for your small business. If you want to succeed in 2017 it is important to set business goals and create strategies for how you are going to achieve them. Here are five goals you… Read more »
It is important to choose the right social media platform for your business, as not every business has infinite time and resources to be active on every channel. Having an effective LinkedIn profile can be a powerful tool in marketing your business and achieving your business goals. Whether you haven’t yet launched a social media account… Read more »
The role of a director is one that draws numerous responsibilities. Directors are considered to have fiduciary duties owed to the company. It is crucial that directors comply with such duties as a failure to do so may leave them personally liable to civil or criminal penalties.
“Eligible persons” under the Succession Act 2006 (NSW) (“the Act”) may make a Family Provision Claim where they have been inadequately provided for within a deceased person’s Will. Such a claim must be brought within 12 months of the deceased passing away unless the Court permits otherwise.
The Australian tax system relies on taxpayers’ self-assessment. This means that you are responsible for working out how much you have to declare and can claim on your tax return. You also need to be able to show how you arrived at these figures and are generally required to provide written evidence. The written evidence… Read more »
As an Australian resident for tax purposes you are liable to pay an income tax on your taxable income which is calculated by subtracting allowable deductions from assessable income. The greater the deductions that you can claim, the smaller will be the taxable income and, consequently, you pay less tax. Understanding what deductions are allowed… Read more »
The development of an application or app as it is more commonly referred to has created another avenue for individuals to derive income. It seems their is an opportunity for individuals to develop an app for anything, whether it has a specific functional purpose or it is purely for entertainment. By creating an app the… Read more »