Competition is part of the business. Getting that edge is make or break regarding getting your business up and running and promoting its future growth. Consider these strategies to implement to come out on top of your business’ rivals: DifferentiateEstablishing your point of difference is vital in business. When executing this strategy, it may not…
SMSFs provide the trustee autonomy and an increased opportunity to maximise your retirement savings. However, an investment strategy must be accompanied by a risk management plan should some of your investments come up short. Consider the following risk management strategies: DiversificationDiversification reduces risk by investing in many different assets including property, annuities and equities. By…
The ATO has extended the $20,000 threshold to 30 June 2019. If you buy an asset and it costs less than $20,000, you may write off the business portion in your tax return. To be eligible to use the simplified depreciation rules and claim an immediate deduction for the business portion of each asset costing…
