With the cost of operations at historic highs, many Australian businesses are looking for ways to improve margins wherever possible. And according to Gareth Boyd, Head of Growth at the credit card comparison website CreditCardCompare.com.au, being more strategic about how you pay for typical business expenses is key to that. “In today’s tight… Continue reading How franchise businesses can turn expenses into rewards
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GST and BAS essentials for your franchise
Set your franchise up for success Are you starting a new franchise or busy being a boss running one? Check out our GST and BAS essentials (and extra tips) to help you stay on top of your tax obligations, including: using digital tools and software that can help you automate your business administration and streamline… Continue reading GST and BAS essentials for your franchise
Maximising Revenue for Your Franchise Business
A little while ago I wrote an article about Managing Costs to Maximise Profitability, but in all honesty, a cost-cutting manager is often a short-lived manager. Don’t get me wrong, a watchful eye on costs is always a good idea, but it’s not even half the battle. The driving force behind any business is of… Continue reading Maximising Revenue for Your Franchise Business
Nice one, Employers. Here’s the highlights from 2024.
We’re wrapping up another big year in tax and super. I’m here to celebrate the big moments of 2024 and the wonderful contributions from employers who are doing the right thing. I’ve included plenty of helpful points to help you continue kicking goals into 2025. A super year guaranteed On 1 July this… Continue reading Nice one, Employers. Here’s the highlights from 2024.
Doing your new franchise business homework.
Entering a franchise is a significant investment, so it’s essential to do your homework. Australian franchises are required to provide prospective franchisees with a Franchise Disclosure Document. In New Zealand there is no such requirement, however some franchises voluntarily provide the same type of information. For simplicity’s sake, I’ll refer to Franchise Information as a… Continue reading Doing your new franchise business homework.
Tips to help you get your tax right this year
The ATO wants to make it as easy as possible for you to get your tax and super right. Here are some tips to help you with your 2023-24 tax return. Key changes this tax time There are a few changes to be aware of this tax time. If you purchased or upgraded a business… Continue reading Tips to help you get your tax right this year
Avoiding the financial pitfalls of starting a franchise
Starting a new business is exciting, and of course franchises offer the support of a proven brand, but even if you’ve done it all before, it’s still possible to fall into some common financial traps that can delay, or in extreme cases even derail, your new business plans. So, how do you successfully navigate that… Continue reading Avoiding the financial pitfalls of starting a franchise
6 Key Strategies For Gearing Up Your Automotive Franchise
Automotive franchises are a wonderful opportunity for car enthusiasts who want to get into their own business. There are so many automotive related franchise choices, such as car wash, service and repairs, tyres, batteries, tools, car rentals, and the list goes on. While the lure of owning an automotive franchise might sound exciting, remember,… Continue reading 6 Key Strategies For Gearing Up Your Automotive Franchise
Maximising Profitability: Cost Management Strategies for Franchise Owners
All businesses operate in a competitive environment, and times of change can often mean margin squeeze and reduced profitability. Franchise businesses are no different, and sometimes also face their own unique challenges when it comes to what factors might be (or seem to be) outside of the control of the franchisee. That having been… Continue reading Maximising Profitability: Cost Management Strategies for Franchise Owners
Obtaining Finance, Inflation and Rising Interest Rates – What you need to know
What is inflation anyway? Put simply ‘inflation’ is the rise in costs of goods and services over time. High inflation means the price of things is going up fast, low inflation and prices are going up slowly. Inflation is significantly driven by supply and demand, if demand is high and supply is low then prices… Continue reading Obtaining Finance, Inflation and Rising Interest Rates – What you need to know