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 Preparing Your Business for Finance: What a Lender May Need to See Finance preparation starts with an accurate picture of the business and a clear borrowing purpose. Historical results, current records and realistic forecasts each have a role.
news What Should an Annual Accounting Relationship Cover? An annual accounting relationship should make responsibilities clear. The services available, the work included and the support provided during the year are separate questions.
business Moving from a Trust to a Company: What Business Owners Need to Consider Moving a business from a trust to a company is not a routine upgrade. Start with the reason for the change, who will own the company and what the transition would involve.
tax What Is Personal Services Income? When Business Owners Should Seek Advice Personal services income mainly rewards an individual’s efforts or skills. Identifying it is different from deciding whether the PSI rules apply to the business’s arrangements.
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.
tax Understanding GST: Questions Business Owners Should Raise With Their Accountant GST deserves attention beyond the next BAS. Changes in activities, customers or significant transactions can affect registration, pricing, purchase credits and cash flow.
business Buying Commercial Property for Your Business: Accounting and Tax Questions to Consider Buying premises and choosing who should own them are separate decisions. Consider the commercial purpose, funding, GST and ongoing responsibilities while key terms remain open.
