business Partnership vs Company: Key Differences for Australian Business Owners A partnership and a company create different relationships between owners, assets, profits and responsibilities. The appropriate arrangement depends on how the business will operate.
business When Is It Time to Review Your Business Structure? A structure review should start with what has changed in your business, not a preferred entity type. Ownership, new activities and future plans are useful starting points.
business Better Business Records: Why They Matter Beyond Tax Time Business records should help you assess commitments during the year, not just prepare a return. Their usefulness depends on currency, completeness and the context behind the figures.
business Before a Major Business Change: When It Is Worth Speaking With Your Accountant You do not need a finished plan to raise a significant business proposal. Early accounting input can help identify what needs assessment while relevant options remain open.
business Taking On Your First Employee: Financial Responsibilities to Plan For Employing someone involves more than funding their wage. Understand the ongoing commitment, confirm the employment terms and establish who will handle payroll and related responsibilities.
business Bringing in a Business Partner: Accounting, Tax and Structure Questions to Consider Bringing in another owner is more than agreeing on a percentage. Clarify what they will contribute, what they will own and how the arrangement will work before making commitments.
business Tax Planning Before 30 June: Questions Worth Raising Early A useful tax planning discussion considers the expected result, cash requirements and decisions ahead. It is not simply a search for expenditure before the financial year ends.
business Changing Accountants: What to Consider Before Making the Move Changing accountants starts with understanding what your business needs. Assess the proposed relationship and resolve continuity questions before deciding to move.
business When Business Ownership Changes: The Financial Matters Worth Considering Early An ownership change involves more than updating names or percentages. Clarify what is changing hands, how payments will be funded and which responsibilities will continue.
