DFK Crosbie Blog
Changing your business or company name can be an exciting leap but before starting on new logos and rebranding, think about the steps required to officially change your name.
You cannot request to change your business name once it has already been registered under the Australian Securities and Investments Commission (ASIC).
We have recently had a number of cases of clients being caught out by email fraud, where there was an email requesting to change bank details. We have seen this before where the request is either in the email itself or has been made within the invoice attachment itself.
In December 2019 alone over $14 million was... more
Going into 2020 is a great time for business owners to take a step back and think about what they can do to improve on previous years.
The beginning of the year offers a sense of renewal, a chance to take time and hopefully perform better going forward, both personally and in business. Even if you are satisfied with your business’s... more
For any company, no matter the size or industry, your business objectives are the results you want to achieve. You should live and thrive by a set of values that define the purpose for the business' existence. These values should be clear in every element of your operations and be embodied in the work your employees perform day-to-day.... more
The margin scheme is a way of working out the GST you must pay when selling property as part of your business. The amount of GST normally paid on a property sale is equal to one-eleventh of the total sale price. If the margin scheme is used, the GST is calculated on the difference between the sale price and your purchase price of the property... more
Self-managed super funds (SMSFs) have a number of investment restrictions which apply to transactions conducted within the fund.
One such restriction applies to transactions involving ‘related parties’ of the fund and ‘relatives of members.’ Identifying related party transactions in an SMSF can be complex, no one... more
When making an employment termination payment (ETP), employers should be aware of the tax implications for different circumstances.
An ETP is a lump sum payment you make:
- to an employee when their employment is terminated (referred to as a 'Life benefit' ETP)
- to an employee’s estate because
At the end of the day, it is every company's goal to find success in some capacity. Often that achievement is multi-pronged; businesses want both clients and employees to be happy, while also meeting their own financial objectives.
Operating an organisation is not an easy feat, however, and there's a fair amount of insight companies... more
Every business thinks it's running efficiently until it hits a snag. Big or small, the issues organisations face are tough to foresee. Luckily, there is a solution: management reporting.
Management reports offer business leaders an analytical perspective of their internal personnel and processes. Using key performance indicators (KPIs)... more
During the rush of planning holiday travel, we can often forget to organise what could potentially affect our lives and loved ones the most, estate planning documents.
Estate planning is about future proofing - it is not just about when you pass away, but also about protecting your children and assets if you are unable to do so. If... more