Extension of the $150,000 Instant Asset Write-Off Provisions
The Treasurer has announced a six month extension to maintain the current instant asset write-off availability and $150,000 threshold until 31 December 2020. This is not yet law – it is still to be passed by parliament. Below are four things to be aware of in relation to instant asset write-off provisions: read more
4 Key Points on the Instant Asset Write-Off Provisions
Eligible businesses can use these provisions to claim an immediate tax deduction for the full cost of qualifying assets under the threshold amount - rather than being restricted to only claiming the depreciated amount each year for the next 10 years. read more
Interim financial reports are only for big businesses. Right or wrong?
Financial reports are the gateway between what's just been happening in your business and what you should be doing right now, so the more current the report the better you can understand how to keep your business on course to your destination. read more
Enhance your customer’s experience: McDonalds with flowers, your business with …
Are you doing something to brighten your customers day? What are you doing to enhance your customer's experience? Our local McDonalds restaurant is read more
ON versus IN: Why you should work on your business instead of just in it
We’ve probably all heard this advice a number of times before: “You need to work on your business, not just in your business.” Did it help you with your business? There are many small business owners that don’t seem to truly understand what is meant. read more
Lead vs Lag Indicators: Why you won’t win in business while looking at the scoreboard
The financials for the last quarter are on your desk. The net profit isn’t so good, sales have dropped since last quarter and the bulk order of stock you made has significantly reduced the amount of cash available. Definitely not what you anticipated. read more

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