Operating a business can be all-consuming at the best of times. During a pandemic it’s next-level pressure even for solid businesses and it’s causing many business owners to bring forward their succession plans. Succession is a fundamental stage in the business lifecycle. Generally considered to be ‘in the distant future’, it’s often relegated to a…
Over the past few months, we’ve looked closely at the behaviour of business owners through the Coronavirus pandemic and the approaches they’ve taken to maintain viability through this particularly disruptive time. In our last article, we discussed ‘flight to safety’ and here we explore how other businesses are embracing a ‘time of opportunity’ approach in…
With the COVID Delta variant causing a new level of community angst, ongoing business disruption is inevitable and returning to what we once considered normal seems unlikely for a while yet, if ever.
The last 18 months has been disruptive to say the least. Business owners who initially considered doing nothing in the belief Coronavirus would blow over quickly soon realised that approach wasn’t an option. Following the initial pause of the nation-wide lockdown in April 2020, businesses regrouped and what we have seen since is three distinct…
In good news for Queensland small businesses, changes to stamp duty laws enable mum and dad type businesses to restructure with a full or partial duty exemption when transferring assets.
Now and beyond COVID While there is no denying that COVID-19 has resulted in extreme ups and downs for businesses, it’s important to know that proactive and informed business management is, and will always be, the driving force behind surviving and thriving. As we move into the so-called ‘new normal’ we explore the business practices that…
How does a company with a solid turnover achieve a permanent cash flow injection without paying a cent? We’ve written before that a business owner who doesn’t understand their numbers is likely to struggle with cash flow. In our experience, the specific reason for a cash flow problem comes to light when your accountant asks questions about your numbers that you don’t know…
Advanced tax planning is the cornerstone of effective tax management. Here’s why… For the most effective tax outcomes concerning tax deductions and concessions, you need to start tax planning well before the end of the financial year, so you will have plenty of time to take a more proactive or ‘big picture’ approach to the…
As you are aware, P+Y offers a number of tax planning solutions designed to cater for your varying needs. Now is the time to put your tax planning strategy in place to ensure you achieve the best outcome possible. Contact us now to arrange your tax planning solution on (07) 3217 5700 or [email protected] …
P+Y offers a number of tax planning solutions designed to cater for your varying needs. As discussed in our earlier article on tax planning, now is the time to put your tax planning strategy in place to ensure you achieve the best outcome possible. Contact us now to arrange your tax planning strategy on (07)…