by Affinity | Jan 7, 2015 | Business eNews
Planning and preparation is the key to a successful sale or transition of ownership that gains maximum value for the owner. It can’t be done in a matter of months and developing a succession plan needs to be started years before retirement as it will take time to put...
by Affinity | Jan 7, 2015 | Business eNews
As a business owner or adviser, you know when the business is in trouble. Stress levels rise and sleep is harder to come by. Sales might start to slow and the bills begin to mount. Then your bank starts to ask some probing questions. Banks are highly active in...
by Affinity | Jan 7, 2015 | Business eNews
A recent case has highlighted the dangers of engaging individual contractors who later turn out to be employees. Background A family trust (the trust) carried on a commercial residential plumbing business and during the relevant periods employed 13 plumbers and 4 to 5...
by Affinity | Nov 26, 2014 | Business eNews
The ATO has warned that some operators are using telemarketers to apply high-pressure sales tactics to lure superannuation trustee investors into high risk or suspect investments. This practice is known as ‘boiler room’ type operations. Such tactics are being used to...
by Affinity | Nov 26, 2014 | Business eNews
The ATO has announced a data matching program in relation to electronic payments made to businesses through specialised payment systems. For the period 1 July 2013 to 30 June 2014, it will request and collect data from the following businesses: Ausfit Debit Success...
by Affinity | Nov 26, 2014 | Business eNews
There are many characteristics for successful businesses. Many businesses have specific characteristics that relate to their industry or geographical location. Generally, the key areas that business owners should be monitoring, to achieve a well-run business,...
