Towers Business News

Issue 89 - August 2018

“Future Proofing” Important for Businesses The Challenge – are you and your business developing strategies for “future proofing” your business to meet the challenges of the next few years? Some of the challenges facing businesses include: Finding and keeping quality staff – this relates to the employment process, induction, training, feedback that your team members are...

Issue 88 - July 2018

Do You Want More Time? Time management is a very important issue for everyone whether you are a business person, a student or a stay at home parent looking after the household and children.  Everyone has the same 24-hours or 1,440 minutes a day!  You cannot purchase any additional “time”– but you can plan for a better allocation “time”! Time cannot be expanded, but it can...
The 2018 Financial Year Is coming To An End This special edition of the Business Plus+ newsletter contains commentary on many of the items you may encounter as part of your end of financial year deliberations.  Please contact us for a copy of our End of Year Tax Planning paper and checklist.  Both will assist you in identifying items that you might like to discuss with us.  This...

Issue 86 – May 2018

“What If” Calculation to Establish Trades/Contracting Businesses Charge Out Strategies Setting charge out rates to achieve a predetermined profit is an important strategy for trades/contracting businesses.  The following is a summary of a “what if” calculation approach to planning business operations.  We can assist you with the preparation of this type of calculation...

Issue 85 - April 2018

Research and Development Registration If your company has undertaken research and development activities with a value of $20,000 plus in 2016/17 you need to register the research and development activities with AusIndustry by 30th April 2018 to be eligible to claim the Research and Development Rebate which, for companies with turnovers under $20 million, is 43.5% of the eligible research and...

Issue 84 – March 2018

Is Your Debtors’ Days Outstanding under Control? Debtors’ management is an enormous problem for a significant number of small/medium enterprise operators. The Small Business and Family Business Ombudsman indicated last year that Australia had the highest debtors’ days' outstanding figure in the world at 56.4 days, thus debtors’ management issues are a significant contributor to...

Issue 83 - February 2018

Happy New Year!! GST Withholding Changes Residential property and GST rules are changing and these changes, are going to cause a lot of cash flow problems for people that are in the residential property development area and those who use the GST margin scheme in their residential property development. From 1 July 2018, all purchasers of new residential premises or new residential...
The Early Stage Innovation Company legislation, which commenced operations from 1st July 2016, has introduced significant taxation benefits for investors. There is a 20% tax offset based on the amount of the investment and a capital gains tax exemption. The tax offset maximum amount is $200,000 for sophisticated investors. A sophisticated investor is someone who has net assets of $2.5M or who...

Innovation Is Important For SMEs

Why don't you undertake some research to see whether you fit some of the key characteristics that are going to be required to be deemed to be an ESIC? Was your company incorporated in the last three years? There are some rules that allow companies incorporated up to six years ago to be eligible for ESIC, but the main emphasis is on companies that are under three years of age. Does your...

Location

12 Eclipse Street Rowes Bay
Townsville, QLD, Australia, 4810
Google Map

Contact Details

(07) 4724 1118

Latest Towers Business News

Issue 89 - August 2018

Issue 89 - August 2018

“Future Proofing” Important for Businesses The Challenge – are you and your business...
Issue 88 - July 2018

Issue 88 - July 2018

Do You Want More Time? Time management is a very important issue for everyone whether you are a...
Issue 87 - End Of Year Tax Planning – June 2018

Issue 87 - End Of Year Tax Planning – June 2018

The 2018 Financial Year Is coming To An End This special edition of the Business Plus+...
Issue 86 – May 2018

Issue 86 – May 2018

“What If” Calculation to Establish Trades/Contracting Businesses Charge Out Strategies...
Copyright © 2019 Towers Business Development. All Rights Reserved.