Weekly Reflections

If your company undertook R&D activities during 2022/23FY and you wish to claim the R&D Tax Incentive, your company must lodge the R&D TAX INCENTIVE APPLICATION with AusIndustry by 30 April 2024. This summary requires significant info...

An awareness of CORPORATE GOVERNANCE is important for DIRECTORS and LEADERSHIP TEAM MEMBERS. A DIRECTOR is not an expert in everything, therefore ADVISERS can supply backup knowledge. A TERMS OF ENGAGEMENT AGREEMENT for the BOARD OF ADVICE MEMBE...

DATA covers a lot more than Annual Financial Accounts and Tax Return Identify the data needed: daily, weekly, monthly Predictive Accounting Reports: budgets, Key Drivers of integral components of the business, cash flow forecasts, projected bala...

Many of the systems are similar to systems implemented by larger businesses normally operating in the same industry. Preparing and continually reviewing the BUSINESS PLAN is the key planning document. Implementing a CULTURE OF CONTINUOUS IMPROVE...

If your business is only receiving an annual set of accounts and a tax return from your accountants and no data during the year, this is NOT ENOUGH INFORMATION for EFFECTIVE MANAGEMENT. SMEs that implement their leadership team, accounting functi...

‘Small Scale Offerings’ for Section 708 Capital Raising can be enhanced by a company that has ‘proactively communicated’ its services and vision. Whilst advertising and marketing are not permitted, the company can utilise its website and news rel...

The Early Stage Innovation Company status could help: investors who contribute when you are seeking the Early Stage Innovation Company status approval receive ‘Significant Taxation Benefits’. In addition, your company receives the funds to undert...

Small companies can raise capital but it is not easy! “Equitise take on fewer than 5% of the hundreds of companies that reach out to them each year and only 70.6% are then actually successful in raising their minimum capital target.” - Equitise I...

‘Young company’ seeking funding? There are over 3 million SOPHISTICATED INVESTORS in Australia. Special taxation benefits are available for SOPHISTICATED INVESTORS who invest in an ‘EARLY-STAGE INNOVATION COMPANY’. Want to know more? Visit our ...

The ‘Industry Growth Program’ that was announced this week has a ‘Commercialisation and Growth Segment’ with grants ranging from $100,000-$5million on a 50-50 basis. You will need to have completed your feasibility studies and proof of concept, h...

Is your business a tradie, a professional firm or a manufacturer? Have you calculated charge out rates for individual team members? Reflecting hours paid, net working hours and expected productivity %? Mark-up on external purchases for clients?...

30 minutes – daily What needs to be achieved in the next 3 months? Who is going to perform the tasks? Who do you discuss your BUSINESS VISION with? Towers Business Development can help plan implement and monitor to achieve your VISION for your...

The increase in interest rates and the costs of doing business are causing significant funding problems for many businesses. You could give consideration to raising capital for your company. If you are currently a sole trader or a partnership, y...

Thomson Reuters White Paper “Leading Australian SMEs in 2023s Changing Economy.” “Looking forward, the new mantra for SMEs should be “The past has no future”. Key takeaways… SMEs must grow to survive All businesses, no matter what sector, need...