Category: Small Business

Important tax dates and obligations Q1 2023

Key tax & lodgement dates for the July – September quarter 2022 21 July Lodge and pay June 2022 monthly business activity statement. 28 July Lodge and pay June 2022 quarter activity statement if you lodge by paper Pay June 2022 quarter instalment notice. Lodge the notice only if you are varying the instalment amount. […]

Weighing up a big investment in your business

It’s expensive to invest in a new website, payment platform, project management software or automation. Should you take the plunge? We can help you weigh up the costs and benefits. Are you considering investing in a new way to make your business more productive or streamlined? With a tight labour market, everyone’s time is at […]

Tax Tips for Trusts

Do you operate a trust for investment or business purposes? Trust management can be complex but worthwhile to protect assets, streamline the tax return process and maximise allowable deductions. Talk to us about how we can help manage your trust. Whether you have a trust set up for investment or business purposes, there are some […]

Business tips: Nurturing your customer relationships

Your customers are vital to your journey. So, what are you doing to nurture them? We suggest some top tips for building your customer relationships. The stability of your business isn’t just based on sound finances. Forming rock-solid foundations comes from having a solid customer base and building long-lasting relationships with your end users. To […]

Important tax dates and obligations Q4 2022

Key tax & lodgement dates for the April – June quarter 2022 21 April Lodge and pay March 2022 monthly business activity statement. 28 April Lodge and pay March 2022 quarterly business activity statement if electing to receive and lodge by paper and not an active STP reporter. Make super guarantee contributions for the March […]

How an accountant supports your business development

As your accountant, we won’t just look after the financial side of your business, we can also advise you on the strategic side of your company, including the importance of business development as vital part of your growth plan. Business development (BD) is what helps your company move from slow, organic growth to fast-paced, hypergrowth. […]

New Family Trust Tax Rules – Will the Changes Impact You?

If your trust pays adult-child beneficiaries, then you’ll need to know how the new ATO tax guidance rules could alter your beneficiary arrangements. The proposed changes won’t affect every small business operating through a trust arrangement, but it’s important to check that existing provisions meet the new requirements. The ATO has released several related documents […]

Super Guarantee rate increases to 10.5%

With the new financial year fast approaching, it’s worth noting the legislated increase to the Superannuation Guarantee (SG) contribution rate effective 1 July 2022. As per the table below, next financial year the SG rate will increase to 10.5%, on its path to 12% by July 2025. Super Guarantee (SG) rate Income Year Legislated Rate […]

2022 Federal Budget

Tuesday night’s pre-election Federal Budget contained a variety of spending and support initiatives aimed at low and middle income earners, families and businesses. There were very few changes to superannuation, but a number of taxation and related measures. Please note that these proposals are not yet legislated, and as always, the team at AGS Financial […]

Small Business: Know your Numbers

Understanding your financial reports, or knowing your numbers, is critical to business success. It allows you to make better business decisions, measure the impact of those decisions, take corrective action where necessary and, ultimately, enjoy better results. By understanding your financial reports, you’ll: Know if your business is growing or shrinking Discover trends in your […]

Our five Small Business goal-setting tips for 2022

Effective goal setting will help you get the very best out of the year. Our 5 goal-setting tips will help small business owners reach new highs. Wouldn’t it be great to have your best year ever, this year? Whether you want to grow your business or take more time for yourself, these goal-setting tips can […]

The perfect time for planning?

Stuck in lockdown and feeling frustrated? It could be the perfect time to do some planning. Having a plan, or just a couple of goals, can help you make better business decisions and sort out your priorities. Being in lockdown is frustrating. There’s so much you can’t do. But is it the perfect time to […]

There are seven ways to grow your business

There are just seven ways to grow your business. The first five grow your sales and the last two reduce your costs. The seven ways are: Increase customer retention. Stop your customers defecting to the competition by keeping them happy. It’s easier to retain existing clients than attract new ones. Increase leads generated. Gain more […]

The 10 ways to lift your margin

Improvements can always be made at the margin. Small tweaks to your processes or systems can make a massive difference to the end result. It’s the same with your business margin – a 1% increase in your gross margin on $500,000 of sales is an extra $5,000 on your bottom line. The best part about […]

Review your expenses – and save yourself money

Need to rein in your expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending. Running a business will always mean incurring certain expenses, or ‘spend’. There are always costs, overheads and supplier bills that mount up – and these […]