Towers Business News

Issue 104 - October 2019

Differentiated Strategy - Helps Create Value! Creating a truly differentiated strategy is considered to be one of the four key factors in creating a successful life-cycle for a business. (Verne Harnish – Scaling up) The key factors in the development of a business strategy are: Does what you are planning to do really matter to enough customers? Does the strategy that you are developing...

Issue 103 – September 2019

SINGLE TOUCH PAYROLL NOW APPLIES TO ALL EMPLOYERS! Single Touch Payroll is being enforced for every business that has payroll for employees.  It has been operating for nearly 2 years, with the 2019 financial year being the year it was compulsory for large employers and 2020 financial year being the year it was compulsory for everybody.  This system is basically connecting the...
Crowd Sourced Funding Equity Raising a Significant Financing Opportunity for Small Businesses and Medium-Sized Enterprises. The Australian government’s amendments to the Corporations Act have created a new financing opportunity for small businesses and medium-sized enterprises, many of whom can now utilise Crowd Sourced Funding Equity Raising to raise capital for their companies. ...

Issue 102 – August 2019

44 COMPANIES HAVE RAISED $37.2 MILLION! Nine of the Crowd Sourced Funding Intermediaries appointed by the Australian Security Investment Commission (ASIC) have guided companies through the capital raising process thus enabling 44 companies to have raised a total of $37.2 million from 31,138 individual investors from Crowd Sourced Funding Equity Raising as at 31 July 2019. The recent capital...

Issue 101 – July 2019

Welcome to a New Financial Year – We trust that 2019/2020 will be very successful for your business! NAVIGATING 2019/20 If you have not already done so, could we suggest that you find some “quality time” over the next few days and prepare some notes on the key issues that you will need to navigate your business through in 2019/2020. Some suggestions which we have for matters which you...

Issue 100 – June 2019

RESEARCH AND DEVELOPMENT – OVERSEAS WORK If you wish to claim overseas expenditure relative to a Research and Development Tax Incentive Claim you must submit an application for an “Advance/Overseas Finding” before the end of the income year in which the activity was conducted.  There is no provision under the legislation for accepting late Applications relative to overseas...

Issue 99 – June 2019

RESEARCH AND DEVELOPMENT – OVERSEAS WORK If you wish to claim overseas expenditure relative to a Research and Development Tax Incentive Claim you must submit an application for an “Advance/Overseas Finding” before the end of the income year in which the activity was conducted.  There is no provision under the legislation for accepting late Applications relative to overseas...

Issue 98 – May 2019

KNOWING YOUR BUSINESS' BREAK EVEN SALES HELPS Do you know what the break-even amount of sales for the various operations/activities being conducted in your business? “Break-Even Sales”: are the level of sales necessary to cover all fixed and variable expenses.  This shows you the level of sales that your business needs to make to generate neither a profit nor a loss.  The...

Issue 97 – April 2019

ALL WOMEN RIDESHARE SERVICE RAISES $3 MILLION! With $3 million raised from 2,125 investors, (average $1,411 per investor) Shebah, Australia’s first all women rideshare service, have closed their first ever capital raise through Crowd Sourced Funding Equity Raising. Shebah’s highlights: 8% growth per month since 2017 113,000 app downloads Since inception, Shebah has proudly kept women...
2019/20 FEDERAL BUDGET HIGHLIGHTS SPECIFICALLY RELATING TO SMALL/MEDIUM ENTERPRISES Please note, most of the items discussed in this newsletter have not yet been legislated by Federal Parliament.  The government must submit its budget to the House of Representatives and the Senate for debate and passing of the legislation before most of the items become law. BUDGET OVERVIEW The Federal...

Issue 95 – March 2019

 Single Touch Payroll Now Applies To All Businesses The legislation extending Single Touch Payroll to all businesses with less than 20 employees was passed by the Australian Parliament last week. The Australian Taxation Office has indicated that each of the 16 companies which have indicated they are developing suitable products have stated that their products will be priced at less than...

Issue 94 – February 2019

Best wishes to you, your family and colleagues for a very successful 2019! Crowd Sourced Funding Equity Raising Has Commenced! The Crowd Sourced Funding Equity Raising Scorecard indicates that $18.3 million has already been raised by 22 Australian companies.  The following is a summary identifying the companies with a brief description on their business activities and the amount of...

Issue 93 – December 2018

Merry Christmas and Best Wishes for 2019! The Australian Business Growth Fund Announced Being a small business means it is hard to get money from a bank, unless you take it on a secured basis, and usually against real estate and more commonly your own home.  This means that people are not able to get into running a small business without some sort of solid financial backing and the...

Issue 92 – November 2018

"Scaling Up" - Crowd Sourced Funding Could Help! Doesn’t it really “frost your cookies” that medium-sized businesses always seem to get left out of the most important decisions? Well, as it turns out, the medium-sized business sector has finally scored a big win! Many medium-sized companies will be perfect candidates for the concept that is going to revolutionise capital raising for...

Issue 91 – October 2018

Are You Planning To Sell Your Business? From the moment you acquire or commence a business you should assume that one day you'll want to sell or merge your business with another business.  To enable the best possible return, you should always keep the business in a “saleable state”.  If you decide to sell your business today and want to list it for sale in 6-weeks' time, most...

Issue 90 – September 2018

STOP PRESS – Crowd Sourced Funding Amendments Passed The Senate passed the Corporations Amendment (Crowd Sourced Funding for Proprietary Companies) Bill 2017 on 12th September 2018. The legislation will be operational 28 days after Royal Assent. This means the legislation will be operational from approximately 15th October 2018. The legislation withdraws the requirements in the original...

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Latest Towers Business News

Issue 104 - October 2019

Issue 104 - October 2019

Differentiated Strategy - Helps Create Value! Creating a truly differentiated strategy is...
Issue 103 – September 2019

Issue 103 – September 2019

SINGLE TOUCH PAYROLL NOW APPLIES TO ALL EMPLOYERS! Single Touch Payroll is being enforced for...
Crowd Sourced Funding Equity Raising a Significant Financing Opportunity

Crowd Sourced Funding Equity Raising a Significant Financing Opportunity

Crowd Sourced Funding Equity Raising a Significant Financing Opportunity for Small Businesses and...
Issue 102 – August 2019

Issue 102 – August 2019

44 COMPANIES HAVE RAISED $37.2 MILLION! Nine of the Crowd Sourced Funding Intermediaries...
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