Posts

Leadership through challenging times

As all leaders can attest to, no leadership role is smooth sailing. There will inevitably be the occasional storm coming over the horizon, with different challenges you need to respond to. Sometimes these challenges will be unprecedented,…
business due date calendar
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2020 Business due date calendar

On the back of the popularity of last years due date calendar, we have created a new one for this year. We usually hand out these posters during pre-EOFY tax planning sessions, however this year these were done on Zoom. If you would like to get your hands on one of these posters, please let us know.
small local business
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Tax concessions: helping small businesses

Running a business keeps you pretty busy, so it’s easy to overlook the help that’s available. Many small businesses don’t realise the government offers a range of valuable concessions that can make a real difference to their annual tax…

Recognising the signs of potential insolvency

Australia’s economy is growing at a slower pace than many would like, with small businesses in some sectors doing it tough. Recognising the warning signs of potential insolvency is key to trading through difficult times. Basically,…

Safe harbour for directors of struggling companies

Australia’s insolvent trading laws impose harsh penalties on directors of companies that trade where there are reasonable grounds to suspect that the company is insolvent. Criminal and civil penalties can apply personally including…
data security for your business

Data security: protecting your business

The recent Facebook scandal demonstrates how serious data security breaches can be, but they aren’t limited to large organisations. Is your business data secure? Simply sending a file to the wrong person or leaving your phone in a taxi…

5 signs of a well run business

Every small business owner wants their business to thrive, but it can be tough to keep the money coming in the door while staying on top of all the necessary paperwork. One way to ensure success is to understand the behaviours that separate…
spring clean your business

Spring clean your business

This time of year we all tend to do some spring cleaning, and not just at home. Now that we are in the new financial year, you may have some numbers on how things are going and can clear out some unnecessary expenses. The secret to a…
International travel
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Travel for work – what can I claim?

This is a question that we get quite often. Everyone likes to hope that they can go overseas and claim it as a business expense. But can you? The short answer is sometimes, yes. But often not the entire trip. Firstly there needs to…

Important due dates

We have recently created a poster for our business clients to remember some very important Australian business due dates. We created this for our business clients, but they have been so well received that we've decided all business owners…

Business structuring: which one is right for me?

Wondering how your business should be structured? In this article we are going to focus on the four main business structures: sole traders, partnerships, companies, and trusts. Get it right from the start and your business will be set up for…
Single Touch Payroll
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Have you heard of STP?

Single Touch Payroll or STP is a new system whereby all employers are required to submit payroll data to the ATO on the same day that they pay their employees.

Four business hurdles that trip up first timers

Whether you’re keen to start monetizing a passion project, or want to finally escape office politics and run your own show, here are four issues that regularly trip up new business owners. Starting your own business is an exciting time.…

Shaun talks about Trusts: Podcast

Shaun Farrugia (Optimised's founder), recently sat down with Paul Benson from Financial Autonomy (who is also our trusted Financial Planner). They talked about all things Trusts, including: The dummies guide to what exactly a Trust is …

Create a business budget in seven simple steps

You’ve got clients, you’re making money and you’re paying the bills. But if you don’t have a budget, how do you know your business is on track? Many businesses make the mistake of not creating a budget, either because they don’t know…

Why a cashflow forecast might just save your business

Seizing an opportunity for growth, responding to threats quick-smart and keeping stakeholders happy – these are all hallmarks of good business. And they all require good cash flow management. In fact, cash flow management can make or break…
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2017 Budget wrap-up

We have put together a summary of the key tax and financial changes that were announced in last night’s federal budget. This was Scott Morrison's 2nd budget and is focused on increased transport infrastructure spending which will support…