How To Protect Your Business Against Cyber Crime

It’s important to keep your business, staff and client information secure. Below are some tips to help protect you against the growing threat of Cyber Crime in Australia. Ensure your passwords are strong and secure Regularly change passwords and do not share them. Use multi-factor authentication where possible. Multi-factor authentication requires users to provide multiple pieces of information to authenticate themselves – for example, a text message to your phone…  Read more

Last Minute Tax Reminder for Businesses

As we get closer to the end of financial year, you may be thinking about what deadlines you still need to meet for your business, as well as how you may be able to claim some tax benefits. 1. Maximise Deductible Contributions The concessional superannuation cap for 2018 is $25,000 per year. Do not go over this limit or you will pay more tax! Note that employer super guarantee contributions are…  Read more

Government incentives to hire new employees

Changes to the Jobs Action Plan and the Small Business Grant are providing incentives for NSW businesses to up their employee count. Companies that are liable for payroll tax can earn up to $6000 for every new employee, and those that aren’t liable for payroll tax can earn up to $2000 per employee. Jobs Action Plan The Jobs Action Plan (JAP) provides eligible NSW businesses with a payroll tax rebate…  Read more

Getting your business finance ready

The time arrives in most small businesses when you’re required to go borrow some money. It’s in your best interest to make your business as attractive as possible before presenting yourself to the lender. The good news is that if you know what the lender is looking for you’ll be able to take appropriate steps to get your business in the best possible shape. 1. Ensure your financials are up…  Read more

Preparing an exit strategy

Research has repeatedly shown that businesses that have been prepared for the owner’s exit are significantly more likely to endure than unprepared businesses. These guidelines around an exit strategy can help your business legacy live on – and get you a satisfactory result. Preparation delivers the best results The key message to take away is this: start your exit strategy now – don’t wait until that ‘later time’. Life is…  Read more