By calculating the true value of a customer, or potential customer, it places a value on the total sales and profits generated by the customer over their lifetime with the business.
An incorporated limited partnership is an incorporated entity which is separate from the partners, has perpetual succession, and can sue or be sued in its own name.
Operating your business from home is an option if you predominantly work at client premises, deal with clients predominantly over the phone & internet, or need a small office.
A superannuation trust structure that provides benefits to its members upon retirement. With self managed super funds (SMSFs), members are also the trustees of the fund.
In a typical husband and wife tradepeople partnership, one partner is qualified and produces the partnership income.
PAYG variations are attractive to taxpayers who have negatively geared investments, and receive large tax refunds when lodging their annual tax returns.
Reducing space usage and relocating to smaller premises will reduce rent costs (where the new premises have a similar cost per metre as the current premises).
Mortgage offset accounts are savings accounts that are structured so your savings balance in the account is offset against your home loan account.
If you have unused space, subleasing part of your business premises to a third party is a great short-term strategy to reduce some of your fixed costs.
Good debt is debt which works to help you build wealth and where the interest expense is tax deductible.