Starting a new business can be quite exciting, however there are many aspects that need to be addressed in the early stages if you want to get off to the best start. But this all takes money – and you don’t have a lot of extra dollars when you are starting out. Fortunately, the Queensland Government […]
The idea of running your own business is very exciting when looking to the freedoms and growth opportunities. However, too often small business owners miscalculate the actual running costs of a business. To be successful, you’ll need to budget for expenses – both the expected and the unexpected especially when it comes to your employees.
As the workforce evolves, more and more people are working from home for a day or two or continuing work when they get home. The ATO has recognised this by allowing tax payers to claim home office electricity expense for the amount of hours they work from home. The current rate for home electricity expenses […]
When commencing a business even if it is with your spouse it is important to consider what formal agreements you will have between parties. Whilst initially there are no challenges it is important for further down the line to have an agreement in place to ensure that if disputes and conflicts arise there is a […]
We are often asked “What is a due diligence?”, in the process of purchasing a business. Generally the value of the purchase price will also relate to the complexity of the due diligence. This is generally conducted once you have signed a Heads of Agreement or confidentiality statement, you can usually get access to more […]