Thursday, March 19, 2009

Checklist for Starting a small business

Legal structures, Tax, keeping records, employees, GST and where to I get help. These are all issues on the mind of anybody starting a small business. I have a family member looking at doing this, in fact I have three little entrepreneurs as well as myself. No wonder nobody goes to bed around here and the Electricity bill is so high.

The checklist available form the ATO is a great place to start.


theBizWiz


http://www.boulterassociates.com.au/
http://www.informgroup.com.au/

View Dave Boulter's profile on LinkedIn

Monday, March 16, 2009

Sunday, March 8, 2009

Barter - reduce your costs - save cash

The Australian recently reported an old way of reducing your costs in business, Barter. This is and old and trusted method of getting services whilst you supply return services to the supplier. The article outlines a number of scenarios of what is happening locally and overseas. So here is a list of local companies and websites involved in barter:
Of course, the Government wants there share. The ATO takes it's cut wherever it can and Barter is no different.

theBizWiz

http://www.boulterassociates.com.au/
http://www.informgroup.com.au/

View Dave Boulter's profile on LinkedIn

Friday, March 6, 2009

Tax Breaks for Business

Good news for Small Business, but to understand this better you need to look at this.

As part of the $42 billion Nation Building and Jobs Plan, the Government has announced investment tax breaks for Australian businesses.

Small businesses with a turnover of $2 million a year or less will benefit from claiming an additional 30 per cent tax deduction for eligible assets costing $1 000 or more, acquired between 13 December 2008 to 30 June 2009. From 1 July 2009 to 31 December 2009, eligible assets costing $1 000 or more will be able to claim an additional 10 per cent deduction.

Businesses with higher than a $2 million a year turnover, are eligible for assets costing $10 000 or more.

For further information on the tax break, visit the Tax Office website.

theBizWiz

http://www.boulterassociates.com.au/
http://www.informgroup.com.au/

View Dave Boulter's profile on LinkedIn