FBT Fact Sheets Interested in understanding more about Motor Vehicle or Meal & Entertainment Fringe Benefits? Download these informative fact sheets ... What is a Car Fringe Benefit Factsheet FBT - Meal and Entertainment Factsheet
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3 SMSF Myths Let's have a look at some Self Managed Superannuation Fund (SMSF) Myths. Myth #1 Are SMSF's suitable for everyone? It may come as a surprise, but SMSFs are not for everyone. So, the next time a friend at a BBQ starts talking about their SMSF, remember that the option to take control of your superannuation needs to be right for your circumstances. SMSFs are appropriate for those individuals who have the time, superannuation balance, and financial knowledge to seek c
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Being in control of your bills, costs and purchases is key in promoting positive cash flow for your business – and keeping your finances in excellent shape. With Xero as your core financial management platform, you can easily see which bills need paying, when they’re due and how much money you have in the bank to pay them. Keeping track of your purchases The Xero Dashboard is the easiest way to keep track of your purchases and outstanding bills. All the key numbers are located here to h
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Firstly, we must ask what does it mean to define a target market? From the moment you came up with your business idea, you probably had a specific customer in mind. When you tweak your service or product, you do it with them in mind. When you write your promos, you highlight the features that will interest them most and use language they understand. This is a great way to think. It gives focus to everything you do, but you’re probably making a lot of assumptions about what your target cu
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‘Fail to plan, plan to fail’, as the saying goes. If you’re going to create an effective, successful and profitable business, you need to create a solid strategic plan. Your business plan is the route map that defines your goals, explains your strategy and gives real direction to the everyday running of your company. So what should you include in your plan? To create a truly robust and meaningful plan, here’s 5 key elements you must include: 1 Outline your vision Explain W
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Whether you are heading into the summer holidays, or just planning to take a break (and congratulations because a healthy business means work-life balance), it is important to keep your cash flow under control. This means pre-planning and being proactive. When you are not in the office, there are still overheads and wages that need to be paid. If taking time off means that less cash will be coming in, it is essential to plan for this period to ensure that there are sufficient funds to cover a
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