Business structure set up
Setting up a business structure If you are starting a small business you will need to work out which type of business structure to use. We explain the benefits and disadvantages of different types of business structures. Sole trader A sole trader is the simplest business structure and it is inexpensive to set up because […]
Minimum Wage Decision
National Minimum Wage increase The Fair Work Commission’s Minimum Wage Panel (“Panel”) has this week handed down its minimum wage decision which increased the National Minimum Wage, together with all Modern Award minimum rates of pay, by 3.0%. The Panel considered the current economic environment and reasoned that economic indicators now point to a healthy […]
Latest ATO benchmarks released
ATO has released updated benchmark data from 1.5M small businesses around Australia To “help small businesses across the country . . . gauge the strength of their business and keep an eye on their competition”. Updated benchmarks for more than 100 industries are now available for the following categories: Accommodation and food Building and construction […]
Cashless society
Is cash set to become a thing of the past? Some financial professionals are predicting Australians could be living in a cashless society in less than a decade. What does the potential death of cash mean for you personally and for Australian society as a whole? We explore the current trends in consumer payment behaviour […]
Real estate startup success
Perth real estate agency’s startup success Born of a passion for real estate, with a strong focus on delivering high-quality service and results for all of their clients, the team at Benadé Helman has a goal to deliver a real estate experience far exceeding most client expectations. Following a successful career as a consultant and […]
Chief Financial Officer Program
Stressed by a lack of accurate financial information? Predicting the financial future of your business is not easy. Most businesses understand the need to price their products or services so they cover costs and make a profit. Understanding your business’s fixed and variable expenses is the first step in performing a break-even analysis. What sets […]
Legal practice management case study
Boutique law firm benefits from Omnis advice Perth’s Glen McLeod Legal is a planning and environmental law practice that provides authoritative and strategic advice and conducts significant litigation for clients in the Supreme Court, Magistrates Court, State Administrative Tribunal and commercial arbitration. Their highly specialised team provides legal advice on planning and environmental law, in […]
Business Valuation Service
Do you know how business value affects your future? Many business owners believe it will be easy to sell their business for the price they want. However, with many more businesses for sale and fewer buyers, smart business owners do not wait and see; they take control of their own future! Ask yourself: What is […]
Positive business change
Knowing the actions that deliver the best results You need a core transformation strategy in place to effectively kick-start the evolution of your business. This means having a clear vision, setting the right goals, and taking positive action. To put the right impetus and drive behind this core strategy, you need to put some careful […]
Company loans to shareholders
Company loans to shareholders under review The Government has released a consultation paper outlining proposed reforms to ‘simplify’ the loan agreements that are generally required when a shareholder (or their associate) borrows funds (or receives a payment) from a related company. Broadly, where a private company makes a payment or loans funds to a shareholder […]
