February 4, 2018

So your business is going through a tough time, building up debt, dropping clients and running out of working capital. To minimise any financial and personal stress and has the best chance of full business recovery, it's important you confront the challenges quickly. 


January 30, 2018

Running a business is tough, it takes more than just dedication and professional skills to make a business success. We have seen many talented sole traders fail their businesses through poor tax compliance. They do not keep their bookkeeping up to date, prepare their t...

January 16, 2018


Failure to lodge penalty may be applied if the return or statement is not lodged within the required time frame. The penalty is calculated at the rate of one penalty unit for each period of 28 days that the return or statement is overdue, up to a maximum of five...

November 30, 2017

Poor cash flow can sink a good business, even if it is profitable. In fact, poor cash flow is the main reason why majority of the business fail in the first 5 years. But the good news is the cash flow is predictable to certain extent. So a little bit extra works may sa...

October 30, 2017

The majority of the business end up failing within the first few years. Many of the business failures are due to inability to generate enough profit.

Among the many reasons why business is not profitable, we find the top three reasons are Low Price, Too Much Overhead Co...

June 22, 2017

With only two weeks to go until the end of the financial year, it is time to start reviewing your tax. In the following paragraph, we will talk about how to get your tax in order and minimize your tax.  

Calculate Your Profit

The first thing is to know how much you are e...

June 1, 2017

A family trust is not a legal entity in its right. In the case of a discretionary trust, the beneficiary has no right to the assets of the trust. Thus there is no value in that interest which can be used to repay the creditors.

However, the transfer of assets to a discr...

May 25, 2017

We all lose customers at some point. It’s a fact of life. That’s not to say we have to stand idly by and wave them goodbye; we need to understand why this is happening and identify what changes can be made to prevent it.

In the following paragraph, we will discuss some...

May 18, 2017

There is no secret for personal budgeting. There are three general rules in all the formulas:

1. In the long term, we do not spend more than we can earn.

2. We might be able to borrow money to cover cash flow shortage.

3. Does not matter how much money we borrow, the debt...

May 11, 2017

A corporation is also referred to as a limited company. Normally, the business owner's liability is limited to their capital invested in the company. This feature largely protected the business owners by reducing their exposure to the business liabilities. But is this...

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