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September Issue 2024
16 October 2024
September Issue 2024
Business Plus+ Newsletter
Understanding Business Funding – Predictive Financial Accounts In the previous edition of Business Plus we discussed the commencement of the “Investment Ready Status” that Directors need to ensure that the company has implemented. The first comp...
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Understanding the Export Market Development Grant
27 September 2024
Understanding the Export Market Development Grant
Improving Your Business - Issue 044
A business owner who is a sole trader sent me an email saying that the Export Market Development Grant is open for applications and that he was interested in applying. He indicated that his accountant thought that only companies could apply. For t...
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Companies Undertaking R&D Report Deadline
27 September 2024
Companies Undertaking R&D Report Deadline
Improving Your Business - Issue 043
Companies which have a 30 June financial year and undertook Research and Development activities in 2022/23 have to lodge their Research and Development Tax Incentive application with AusIndustry by 30 April 2024. This summary requires significant...
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Establishing accurate charge out rates to achieve targeted profit for tradies
19 September 2024
Establishing accurate charge out rates to achieve targeted profit for tradies
Towers Business Development News
A common challenge for businesses that charges based on team members’ worked hours is to determine whether they are simply guessing at a reasonable charge out rate, or if there is a method to accurately calculate individual rates that will allow t...
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Developing a cash flow strategy: vital for SMEs
11 September 2024
Developing a cash flow strategy: vital for SMEs
Towers Business Development News
In today's uncertain environment, a crucial necessity for SMEs is to establish a comprehensive ‘Cash Flow Strategy’. This strategy should cover budgets for all business activities and include key factors such as debtors, creditors, capital expendi...
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August Issue 2024
09 August 2024
August Issue 2024
Business Plus+ Newsletter
What Causes Shrinkage? Shrinkage can be very expensive for many businesses, and unfortunately, the “Cost of Shrinkage” is rarely quoted in any financial reports. Shrinkage occurs when the business fails to sell an item at its full price. The diff...
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July Issue 2024
17 July 2024
July Issue 2024
Business Plus+ Newsletter
RETAILERS NEED TO JUGGLE STOCK VOLUMES AND MARKUPS We appreciate that retailers have a never-ending problem – a variety of stock, some of which you can achieve a high markup on and that you can sell high volumes of those products, which are gener...
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Director’s personal responsibilities
14 May 2024
Director’s personal responsibilities
Towers Business Development News
Under the Companies Act, other legislation and the Company’s Constitution, Company Directors have a responsibility to perform their duties in an honest and responsible way. Some of the key areas that Director’s responsibility relates to are: Kee...
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Are you aware of Directors liabilities?
03 May 2024
Are you aware of Directors liabilities?
Towers Business Development News
Directors of companies need to develop ‘observation skills’ so that they have an awareness of what is happening within the company of which they are a Director. Not merely being a ‘passenger’ without making any real enquiries relating to the compa...
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Director’s checklist: ensuring comprehensive oversight of company systems
24 April 2024
Director’s checklist: ensuring comprehensive oversight of company systems
Towers Business Development News
Directors need to monitor the systems that have been implemented in the company relating to: Asset acquisition Intellectual Property development and protection The accounting system – does it facilitate the systems required for: debtors? in...
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Responsibilities of Directors
23 April 2024
Responsibilities of Directors
Towers Business Development News
If you are invited to be appointed as a Company Director, your initial reaction may be one of pride. That is understandable. However, it is important that you understand the responsibilities of Directors and ensure that you have clearly identified...
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Appointing Directors should be a process
09 April 2024
Appointing Directors should be a process
Towers Business Development News
Companies need to be careful in the appointment of Directors and implement a due diligence process, to ensure that a new Director is going to bring the skills and knowledge to supplement the ones supplied by the other directors. A popular process...
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Research and Development reporting time – 30 April
04 April 2024
Research and Development reporting time – 30 April
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...
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Ongoing learning is important for Directors
26 March 2024
Ongoing learning is important for Directors
Towers Business Development News
Directors of all types of companies have complex responsibilities relating to their company’s operations. “In a world of increasing complexity – where the temptation is to say “just leave it to the experts” – Boards of Directors are tasked with k...
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Companies undertaking R&D – report deadline 30 April
25 March 2024
Companies undertaking R&D – report deadline 30 April
Towers Business Development News
Companies which have a 30 June financial year and undertook R&D activities in 2022/23 have to lodge their R&D Tax Incentive application with AusIndustry by 30 April 2024. This summary requires significant information to be lodged relating...
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A Board Of Advice Helps!
25 March 2024
A Board Of Advice Helps!
Improving Your Business - Issue 042
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...
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