TheAccountants

Tag: business accountant

Running your NDIS Business

For NDIS service providers, staying informed, compliant, and focused on the needs of participants is the cornerstone of success in this sector. With careful planning, robust financial management, and a commitment to quality, businesses can make a significant impact in the lives of those they serve while achieving sustainable growth.

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Stepping Away From Your Business

For business owners, the journey of self-analysis is both a strategic necessity and an opportunity for personal growth. By following these steps and approaching the process with an open mind, you can uncover valuable insights that will steer your business toward long-term success and resilience.

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How do Banks Assess Creditworthiness?

This article aims to demystify the credit assessment process and highlight the importance of being prepared and informed when seeking credit. For specific advice and strategies tailored to your business’s circumstances, it’s advisable to consult with a professional accountant or financial advisor.

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Basics of CGT

This article, written from a tax agent’s perspective, provides an overview of Capital Gains Tax, including its definition, calculation methods, reporting requirements, exemptions, and strategic considerations. It aims to educate readers on the key aspects of CGT and emphasizes the importance of professional tax advice for accurate calculation and reporting.

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Navigating Price Increases

This article, written from a business advisor’s perspective, provides a detailed approach to implementing price increases in a business. It covers assessing the need, calculating the new price, timing, communication strategies, gradual versus one-time increases, engaging with key customers, monitoring impact, adding value, and seeking professional advice. The focus is on strategic and customer-centric methods for adjusting prices to ensure business growth and customer retention.

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Selling your business

This article, written from a business advisor’s perspective, outlines the steps involved in selling a business. It covers preparation, valuation, sales planning, marketing, screening buyers, negotiations, due diligence, finalising the sale, post-sale considerations, and the importance of professional advice. The aim is to provide a comprehensive guide for business owners considering selling their businesses, highlighting the importance of a structured approach and expert guidance throughout the process.

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Who owns your business?

This article, written from a tax agent’s perspective, provides an overview of various business structures (sole trader, partnership, company, trust) and ownership types. It covers the implications of each structure in terms of liability, tax obligations, and compliance requirements, and emphasizes the importance of professional advice in selecting the appropriate structure for a business. The aim is to help business owners understand the impact of their business structure on ownership, legal responsibilities, and taxation.

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A Tax Agent’s Perspective on Managing Business Losses

This article, written from a tax agent’s perspective, explains the concept of carried forward losses, how they work, their benefits, conditions for utilisation, reporting requirements, strategic considerations, and the importance of professional advice. It aims to provide business owners with a clear understanding of how carried forward losses can be used as a tool for tax planning and financial management.

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Maximising Your Tax Benefits with Offsets

This article, written from a tax agent’s perspective, provides a comprehensive explanation of tax offsets, including their function, types, operation, refundability, eligibility, claiming process, and the importance of professional advice. It aims to clarify the concept of tax offsets and how they can reduce a taxpayer’s overall tax liability, emphasising the need for informed understanding and application in tax returns.

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A Business Advisor’s Guide to Strategic Planning

This article, written from a business advisor’s perspective, outlines the concept of SWOT analysis and its importance in business strategy. It covers each component of SWOT (Strengths, Weaknesses, Opportunities, Threats), why it’s critical for informed decision-making and strategic planning, and tips on conducting and leveraging SWOT analysis for strategic action. The focus is on using SWOT analysis as a tool for gaining comprehensive insights into the business and shaping effective strategies.

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