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
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Categories: Banking and Finance
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
Business optimism on show in 2022
The first quarter of 2022 showed much more optimism in business than 2021 and I attended the IFA Annual Convention in San Diego, California in March to hear from leading international business experts and entrepreneurs re the post-COVID business landscape.
I’m starting a Franchise Business – What can I finance?
When it comes to funding the expenses associated with your business start-up it is sometimes easy to think ‘it’s all the same pile of sand’; you’ve got all your costs (franchise fees, legal costs, equipment, property bond, fitout, stock, working capital) and you’ve got some money to cover those costs (savings, friends & family, investors,… Continue reading I’m starting a Franchise Business – What can I finance?
Three Financial Risks every Franchise Buyer should be aware of
Every person who starts a business faces financial risk. It is possible that you might lose all or some of your investment, or may not make as much money as you hope for.
UNPACKING YOUR FRANCHISE FINANCE OPTIONS
Whether you’re starting a new franchise or you’re already in business, the myriad of finance options available can be confusing and it’s often difficult to know which finance product will suit your business best. In this article we’ll talk about some of the different financing options available and how they can be applied to some… Continue reading UNPACKING YOUR FRANCHISE FINANCE OPTIONS
Five key questions for your financial due diligence
Financial due diligence is the process of investigating the financial potential of the franchise you’re interested in and understanding the financial risks. It’s a good idea to get advice from an expert franchise accountant, however it’s also important to know what questions to ask. In this article we’ll highlight some of the important questions a… Continue reading Five key questions for your financial due diligence