Why a company that is turning over $10 million is still a small business

Why a company that is turning over $10 million is still a small business

By Peter Strong and David Gregory What does $10 million in turnover mean? Firstly it isn’t profit. We wish it were. The federal budget has changed the definition of small businesses from one that has “a turnover of less than $2 million” to one with “a turnover of less than $10 million”. The number of businesses that turn over between $2 million and $10 million is 93,040, according to figures from the Australian Tax Office. Nearly all those 93,000 businesses will be employers

+ READ MORE
How to Create a Vision for Your Business

How to Create a Vision for Your Business

You will notice that every major company in the world has a vision or mission statement ­ a broad, futuristic idea of what the company will achieve and look like in the future. The five­step process can help you achieve there, but you need to know where "there" is first. I know you must be eager to jump into marketing strategies and get more people flowing through the door, or more sales ringing through the till. Be patient ­ this is important work that will build and contribute to you

+ READ MORE
Get a Super Top up from the Government

Get a Super Top up from the Government

[table id=2 /] How does it work? The Government co-contribution is an initiative to help eligible low to middle income earners boost their retirement savings. If your total income1 is less than $35,454 p.a. and you make personal (i.e. after-tax) contributions to your super any time this financial year, the Government will match your contributions on a $0.50 per dollar basis up to $500. If your total income1 is less than $50,454 p.a. the Government’s matching rate will be reduced as per the t

+ READ MORE
2016 Federal Budget Update

2016 Federal Budget Update

On Tuesday, 3 May 2016, the Federal Treasurer, Scott Morrison, revealed his first Federal Budget. The Budget announcements include some major superannuation tax changes, and other measures which impact individual income tax, small businesses, and corporate taxation. We at MB+M are here to help you make smart financial decisions now so that you can have a beautiful financial future.  One way we do that is through careful tax planning! If you haven’t met with us yet, now is the time to conta

+ READ MORE
2016 Federal Budget & your Superannuation

2016 Federal Budget & your Superannuation

Simone Collins, Senior Manager from BT Financial Group talks us through the 2016 Federal Budget.  Click on the link below ... https://www.youtube.com/embed/7_UKGLZKRXU  

+ READ MORE
Rising school fees – tips & strategies to pay them

Rising school fees – tips & strategies to pay them

Article by Nerida Cole | ASX Investor Update newsletter  | February 2016 With education costs rising by 5.5 per cent in the year to September 2015 and average wage growth at about 2 per cent, the affordability of private schools is a concern for many parents. Annual tuition costs can be up to $35,000 for the most expensive high schools in Sydney and Melbourne. Fees at many private schools in those cities are between $20,000 and $30,000. When you add the cost of uniforms, excursions, b

+ READ MORE

READY TO TAKE CONTROL OF YOUR FINANCIAL FUTURE?

Take control today, and rest assured that
your SMSF is in safe hands with MB+M.
Your money, your investment, your decision.

03 5821 9177