At BLG Business Advisers we’re all about YOU. We go out of our way to bring you usable and relevant information. The following blogs range from managing everyday life, through to topics such as superannuation, online accounting and succession planning to name a few. Take a minute to browse our blogs and find one relevant for you.
A fresh look at your Business Structure
April 24, 2017
Medicare Levy Surcharge & Private Health Insurance – What’s the link?
April 18, 2017
Buying & Financing a Business Car
April 7, 2017
The Importance of Teamwork
April 3, 2017
State of the Pharmacy Industry
March 24, 2017
Act fast, Plan early – 2017 Tax Planning
March 20, 2017
Strategies for business growth
March 13, 2017
Getting in the Community Spirit
March 6, 2017
Recently I was asked to be on the board of a local sports club, and the first thought I had was ‘I do not have the time…’. However after a few persuasive phone calls and meetings I started to understand what this club is trying to achieve and the larger impact it will have on the community.
Are your assets protected?
February 26, 2017
In today’s increasingly litigious society asset protection is particularly important. With so many Australians now engaged as professionals and in small business fields the need to have a sound asset-protection plan in place is vital.
Planning Ahead – Superannuation Contributions Caps
February 20, 2017
Fringe Benefits Tax – What you need to do now
February 16, 2017
Life is short…
February 6, 2017
Your ATO Business Portal – What & How?
February 3, 2017
The Business Portal is a safe, secure website where you can manage your business tax affairs to:
SMSF Investment Rules – What is Business Real Property?
January 30, 2017
Personal Services Income (PSI): A recap
January 23, 2017
NSW Land Tax – Does this apply to you?
January 16, 2017
Talking vs Technology
December 21, 2016
Passed Government Super Reforms – What You Need To Know
December 13, 2016
Community Pharmacy and 6CPA – Are You Fighting Back?
December 5, 2016
Payroll Tax – Is Your Business Over The Threshold?
November 28, 2016
Buying a Business – What to Consider
November 21, 2016
Buying a business can be a stressful time that generally doesn’t come without some risk. However, you can gain a lot more comfort by having control over the process.
Estate Planning – Why is it important?
November 14, 2016
It is important for all of us to ensure that the assets we have accumulated over our lifetime are left for the benefit of those people or institutions we wish to support, and left in the way that is most beneficial to the recipient.
Backing Your Judgement
November 7, 2016
Know your Balance Sheet
October 31, 2016
Property Investment vs Property Development
October 24, 2016
Many Australians hold investment properties, and most would not consider themselves to be property developers. However the ATO may take a different view. There have been many cases where people have been deemed to be carrying on a business of property development upon selling a property, resulting in serious tax consequences.
Tax Incentives for Early Stage Investors
October 12, 2016
There Is No Substitute For Hard Work
October 4, 2016
Succession Planning: Your Family Business
September 26, 2016
Latest Government Superannuation Amendments
September 19, 2016
Last Thursday, the Government publicised the following proposed amendments to the superannuation changes announced in the 2016-17 Budget.
Cash vs Accruals: What and when?
September 12, 2016
The difference between cash and accrual accounting is important to understand, whether you handle your own financial statements, or hire an outside professional. The difference lies in the timing of when sales and purchases are recorded in your accounts.
Play to your Strengths and Love what you do
September 5, 2016
One of the many things that I have learnt from my clients is that they succeed if they do what they are passionate about and what brings them the most satisfaction. You can make significant positive changes to how you live and work if you focus on what you are great at.
Contractors vs Employees – The Difference
August 29, 2016
What you need to know about Small Business CGT Concessions
August 22, 2016
SMSFs – Corporate vs Individual Trustees
August 15, 2016
Self-Managed Super Funds (SMSFs) give members more control over their superannuation. They can be a great vehicle for building and protecting retirement savings. Members are required to be trustees of their SMSF, or appoint a corporate trustee that they control.
Essential Due Dates for your Diary – 2017 Financial Year
August 8, 2016
Given the ever increasing role of business as the Australian Government’s ‘tax collector’, I am often involved in conversations with client’s lamenting trying to keep up with the next thing that is due for lodgement, or the next payment that is required to be made to the Australian Taxation Office (ATO).
Finding A Work / Life Balance
August 1, 2016
Life is increasingly busy. Sometimes it’s great to take the opportunity to take a few deep breaths and have a really good think about finding that balance which, in my opinion, is the key to a happy life.
Advantages and risks of Limited Recourse Borrowing Arrangements
July 25, 2016
Self-Managed Superannuation Fund (SMSF) borrowing arrangements and investment rules and regulations are complex. Before jumping in, BLG Business Advisers recommend seeking advice to ensure any investment strategy is right for you.
Getting the most out of your online accounting software
July 19, 2016
Like in every part of life, improvements in technology are having a positive impact on how small to medium businesses manage their processes and finances. An example of this is the evolution of online accounting software, giving businesses real-time access to their financial information.
How to get money out of a company
July 11, 2016
From past experience, we find that many people in business who establish a company tend to find it difficult to distinguish between company money and personal money. However, it is important that this distinction is made and that the consequences of accessing company money are understood by company owners and directors.
Seeing the world through clearer eyes
July 4, 2016
Choosing the right accounting software for your business
June 27, 2016
Online (‘cloud’) accounting software has evolved so much in recent years – business owners can now have convenient access to their key financial information at any stage across a myriad of devices (PC, Phone, Tablet). Your accountant is also able to login to assist you in real-time and provide valuable, timely advice.
SMEs – the real winners in the 2016/17 federal budget
June 20, 2016
Small and Medium Enterprises (SMEs) were the real winners of the 2016-17 federal budget. With the definition of a ‘small business’ proposed to be expanded, more businesses are set to benefit from both existing and proposed new taxation measures targeting SMEs.
Changing financial planning licencing laws
June 13, 2016
Super, the Budget and YOU!
June 6, 2016
The Importance of Tax Planning
June 6, 2016
Why is the right business structure so important?
June 1, 2016
Behind the scenes at BLG!
May 18, 2016
We’ve been busy here at BLG Business Advisers – new brand, new website and some fantastic new videos featuring our directors.
Duty abolished as at 1 July 2016
May 16, 2016
NSW is abolishing many duties and charges to make the State a better and less complex jurisdiction to do business in. Most other States have already abolished similar duties and charges. Duties like this have long been seen as inefficient taxes on business and investors.
Speculation around negative gearing and what it means for potential investors
May 16, 2016
As the election approaches, there has been increasing speculation as to how eliminating negative gearing would affect the Australian housing market. Record housing unaffordability and reducing tax revenue is creating a focus on policy in this area so it‘s likely we will see some changes in the coming years.
Does the budget affect you?
May 11, 2016
Some budget highlights include:
SuperStream deadline 30 June 2016 – are you compliant
May 4, 2016
At a glance:
What this means for you:
The benefits of joining the cloud
May 3, 2016
Technology is changing the way businesses operate and the right software can transform your entire business. Cloud accounting software lets you focus on your core business. You can stop wasting time on repetitive and duplicate tasks. Let your software handle it for you, and free you up to run and grow your business.
Is a second interest rate cut on the cards?
April 27, 2016
The cut would take the standard discount variable mortgage rate to 4.35 per cent, the lowest in records dating back to the 1950s.