Category Archive for :‘business-structure’

Managing Payments to Shareholders or Directors

Managing Payments to Shareholders or Directors

As a Company Owner/Director it’s normal to borrow funds from your company, however the ATO monitors any payments made to shareholders / Directors to ensure the Division 7A Rule is correctly...

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Artificial Intelligence - Are The Machines Taking Over?

Artificial Intelligence - Are The Machines Taking Over?

The debate on Artificial Intelligence continues to rage globally, but what can this mean for your business, and are the machines really going to take over the world?

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The Issues with Family Owned Businesses

The Issues with Family Owned Businesses

I’ve often joked with clients that the difference between doing business with family and independent third parties is:

"With third parties, you should have written agreements, with family those...

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Reviewing Your Business Plans

Reviewing Your Business Plans

Half way through the calendar year is a great time to review your business plans. If you plan on a financial year basis – it’s time to develop and implement those plans for the year. If you plan...

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How Much Should You Trust Staff When Running Your Business?

How Much Should You Trust Staff When Running Your Business?

Trust is something you need to have on your staff, but how far should you take it in your business?

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When Downsizing Can be a Good Thing

When Downsizing Can be a Good Thing

Everyone always talks about restructuring in the sense that as your business grows so will your structure. For example: you may start out as a sole trader (in your 20’s), as you get slightly...

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Building Insurance or Tenant or Owner?

Building Insurance or Tenant or Owner?

There are certain cases where both the property owners and tenants of the property applied for insurance. On the surface, it may look like they’re protecting one and the same asset. However, it...

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When a Partnership Takes a Turn for the Worse

When a Partnership Takes a Turn for the Worse

Partnerships are useful business structures especially for those who are building a small business. Whatever the reason you and your partner(s) came about, the common thing is you want to...

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7 Business Insurance Mistakes To Avoid

7 Business Insurance Mistakes To Avoid

At PJT we're always on to our clients regarding the level of personal and business insurance.  Let's face it, you work hard, and you want to ensure any assets you've built up are well protected,...
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Advantages of Knowing Your Business Structure

Advantages of Knowing Your Business Structure

Have you looked at your business structure lately? The structure of a business has a direct impact on expected profitability and future growth of a business. It is important not to address this...

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