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We regularly deal with a broad range of personal and corporate taxation issues and make a point of understanding the individual needs of every client. Whether you need advice on company tax, personal tax effectiveness or indirect taxation including payroll tax and GST, our team will identify the best solutions for you.

Our taxation services include:

  • Preparation and lodgement of taxation returns
  • Capital gains taxation planning
  • Fringe benefits tax returns
  • Land tax returns
  • Payroll tax returns compliance
  • Tax planning and minimisation
  • PAYG and superannuation compliance

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Category: Business

  1. CREATING A BUSINESS CONTINGENCY PLAN

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    When business is going well, it can be easy to procrastinate planning for the bad times. However, preparing for disaster before it strikes by having a contingency plan can be the key to business survival.

    A contingency plan can help businesses prepare for possible circumstances such as natural disasters, employee theft, negative publicity or staff injuries. Having a plan for these contingencies can help your business react faster to unexpected events to prevent ongoing damages, recover from disruptive events, and resume regular business operations as quickly and easily as possible. When writing a contingency plan, consider incorporating the following tactics:

    Identify the risks
    Think about the key risks that your business could face. This could involve researching your business market, competitors, economy trends, security threats or employment issues. It is a good idea to work with members of different departments in your business in order to foresee potential risks in all sectors.

    Prioritise
    Once you have identified potential risks, prioritise the ones that are most likely to affect your business. This will ensure that the most relevant issues are addressed first to provide you with a plan if they occur. One way to do this is by creating a risk assessment to identify the most pressing risks.

    Create a plan
    After identifying the key risks to your business, you can start drafting a contingency plan to mitigate their effects. This should include a clear guideline that outlines what to do when a contingency occurs and how to continue operating the business. The plan should also clarify employee responsibilities, key contact details, timelines of when tasks should be done, restoration processes, and existing resources that can be drawn upon to prevent damage, such as insurance coverage.

    Resource assessment
    Consider the resources you may need in order to resolve a contingency. This could include extra staff, insurance, PPE, or technical support. In order for the resolution process of a contingency to go smoothly, it is important that you have enough equipment and support so that you don’t have added stress and time going towards finding extra resources.

    Share the plan
    Once you have written a contingency plan, ensure that they are accessible to your employees and stakeholders. Be receptive to any feedback your employees or stakeholders may have about your plan as there may be room for improvement. It is also important to review your plan over time to ensure that it stays up to date.

  2. WHAT TO CONSIDER WHEN DEVELOPING A SALES STRATEGY PLAN

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    A successful sales strategy plan will provide your business with clear priorities, goals, and outcomes that can help you increase sales.

    Outline your mission and goals

    What’s your business’ mission statement? What are the goals and objectives that will help you achieve this? Your mission statement should define what your business stands for and what it aims to achieve, while your goals and objectives should be aimed at executing your mission. Consider using the S.M.A.R.T. framework when developing your goals to ensure that they are specific, measurable, achievable, relevant, and time based.

    Identify your ideal customer

    Knowing your ideal customer persona is crucial as it will be the basis of your marketing strategy. Assess your ideal audience by researching their demographics, needs and wants while thinking about how your products or services have to offer them. Don’t limit your demographic research to age, location, and gender, but also consider their attitudes, aspirations, and lifestyle.

    Conduct a SWOT analysis

    Assessing your business by using a SWOT analysis can help you identify areas to consider when developing a sales strategy plan, by addressing:

    Strengths:

    • What are your strongest assets?
    • How skilled is your sales and marketing team?
    • What advantages does your business have over competitors?
    • What resources are available to you?

    Weaknesses:

    • What are your areas of improvement?
    • What types of complaints do your customers have?
    • Where do you fall behind from your competitors?
    • Are you working with limitations on resources or skills?

    Opportunities:

    • Are there changes in the business environment you can benefit from?
    • Have there been changes in the market that could present an opportunity?
    • Do your competitors have weaknesses or gaps you can fill?

    Threats:

    • Are your competitors expanding or getting stronger?
    • How satisfied are your customers?
    • Are there changes in the economy, consumer behaviours, or government regulations that could affect your sales?