For any business owner or investor, understanding the real value of a business is essential whether you’re considering selling, attracting new investors, or simply evaluating its growth. However, that’s easier said than done. What’s My Business Worth? Right about now, you might be asking yourself: “what’s my business worth? How do I define it?”. [...]
Improving profitability is one of the most effective ways to attract investors, and set a foundation for sustainable growth, and, ultimately, increase your business's value. If you are interested in understanding more about how to determine your business value, What’s My Business Worth? Business Valuation Approaches might be a good place to start. While [...]
As a small to medium business owner or investor, you're likely accustomed to the critical role your accountant plays in managing your finances. However, as your business grows, you might find that traditional accounting services are no longer enough to meet your evolving needs. The solution? The virtual Chief Financial Officer (vCFO), a strategic [...]
As a small business owner, you know that keeping tabs on your financial health is key to success. While profits are important, understanding your cash flow is equally crucial. But what exactly is cash flow forecasting, and how can it benefit your business? What is Cash Flow Forecasting Before we dive into forecasting, let’s [...]
As a small business owner, you're juggling multiple responsibilities, from managing operations to keeping an eye on finances. However, one thing you shouldn’t let fall to the wayside when it comes to your finances is Fringe Benefits Tax (FBT). With the FBT year coming to an end on March 31st, understanding and managing your [...]
Over the past couple of years, business owners were forced to master extra survival skills to endure the challenges brought by COVID-19. Resilience and adaptability were crucial to navigate commercial, social and economic consequences of lockdowns and social distance restrictions. Now, what do you do with all those extra abilities? These new competencies acquired can [...]
For the last 35 years Australians living overseas have been entitled to claim the Capital Gains Tax (CGT) exemption when they sell their previous (eligible) main residence in Australia. This all ended in May 2017 when the government announced changes to deny foreign residents access to the Capital Gains Tax main residence exemption. Due to intense criticism from [...]
