The Importance of Early and Proactive Tax Planning for Business Owners

For business owners, preparing for tax time often evokes a sense of stress and urgency. Many find themselves scrambling in June to gather receipts, organise financial documents, and meet compliance deadlines. But what if tax season didn’t have to be frantic? What if, instead of reacting to tax obligations, you could strategically plan ahead to […]

Should you change your business structure?

A lot has changed over the past two years. As business owners take stock, many are questioning whether the business structure they established years ago remains appropriate for their needs, particularly in regard to tax benefits and asset protection. As the business environment and your personal situation evolve, it is wise to review your business […]

Business roadmap into a year of possibilities

As NSW and the rest of the country begins to reopen, business leaders are focusing on the proactive steps they can take now to operate with greater confidence. Here, we reflect on key lessons learned over the past two years, and consider the focus areas that will help deliver efficiencies, growth and success through the […]

2020FY Tax Planning

As 30 June 2020 approaches, now is the time to consider available options to reduce your income tax in the current financial year (2020FY). The 2020FY has been extraordinary, starting with the devastation of the eastern seaboard bushfires which was followed by the significant economic and social upheaval associated with the arrival of the COVID-19 […]

Top Three Challenges for SMEs

by Elias Makris, Partner According to research*, there are three challenges preoccupying SME business owners: 1.            How to de-risk the business;2.            How to improve efficiency; and3.            How to work smarter. Recent statistics indicate that despite wanting to avoid risk, 68% of SMEs don’t know their top 5 risks or how to manage and protect business and […]