Needle in a haystack

Finding profit is like finding a needle in a haystack.
Working hard, just paying bills, then paying tax and back to bills again?
Your accountant hands you stuff to sign and all you do is pay the taxman again – I mean how much does Canberra really need?

Comments

Post a Comment

Popular posts from this blog

All I want is direction and solutions That’s why I am sitting in front of you

Image
So, I’m sitting in front of a business owner who has the perfect business model for a café. I know, there are thousands of café and franchise cafes in our city, but I felt that what he had was truly unique. He and his partner had arrived at their new business model through trial and error – the error part being about $300,000 in loans they now had. But With their accounts being a mess and with the confusion regarding what might also be a tax debt he felt he needed direction and to find a solution to the financial mess . OK – there are a couple of years of accounts to clean up, and these will add to the tax debt, especially with GST (I think there will be a tax loss) and some PAYG. We will get this cleaned up. But what The real solution is, is the Precis accounting system. Our client doesn’t need to do anything to have their accounts completed because they are all completed using the Precis system. Due to the fact that the system orks so efficiently, he will have a plan e...
Read more

A warning about ambulance chasing

Image
When the Australian Taxation Office sends you anything court related, the action will appear on a court list. For many companies these are their marketing lists and start to email, phone call and chase the directors or individuals that have received the wind-up notice court summons or whatever. There is a standard formula that is used. They encourage the business to immediately go into administration and use personal assets to borrow a lot of money at high interest. At Your Business Angels – yes we do use administration, and yes we do advise clients to borrow money, but only after we have looked for the best solution. We ensure that clients understand the strategy and that it follows what is best and what the client wants. We don’t ambulance chase. We do work quickly to find a solution, while being aware of the time frames. We seek more time (like through adjournments) and work in a professional way that won’t burden our clients with debts they can never afford. If yo...
Read more

Buying a car? The salesman isn’t there to sell you a car. He is there to sell you finance.

Image
The  HIGH  cost of the  low interest rate  dealer finance for your next car! According to the Deloitte Motor Industry Report; Australians as a nation buy over 1,000,000 new vehicles each year. Their research revealed: 80% of us had already narrowed our vehicle search online, before setting foot into a dealership. 80% of these new vehicles have been financed in some way; and some car dealers are reporting 90% of their profits now come from finance and insurance. Car dealers also made 40% more income as a group on their finance and insurance. Car dealers are predominantly making more money with finance than ever before. These low rates simply mask the fact that some car dealers are now actually losing money selling cars. Your Business Angels experience is that the above phenomenon is actually amplified for second-hand dealer vehicle sales. No one enjoys feeling cheated. Here are some easy ways to help you get the best deal: Get the best price for t...
Read more