That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
Your Business Angels - Blog
Learn the ‘basics’ and be your own SUPER hero
Superannuation, better known as the small amount of funds that are put into an account to support financial needs for retirement, can be confusing for many, but for the every day person, they often don’t even know what a super fund is! The super fund, the advertisement that is sold to you in many forms, […]
Supporting YOUR Children’s Education
Australian Scholarship Group It is every parents dream, no matter big or small, to be able to give their child the best chance at life, and the best education. But kids are EXPENSIVE! They eat food like it’s going out of fashion, they include themselves in every extra curricular activity possible (as if their fear […]
Paper and Pen are back again.
Marketing – spend money on the Google “work bidding war”. Complete a number of dollar boosts with Facebook. Get buried in Instagram and Twitter. All of these seem to me to be dark arts. There isn’t a day that goes by where a young person who has finished their social media course wants to be […]
Income tax sucks and doesn’t work anymore.
There is a 21st century problem that cannot be solved by a 19thand 20thcentury process. Income tax for companies and individuals have served us well, but no longer represent a fair way for businesses and individuals working in Australia to pay tax. Well it works fine for multinationals. Here is an example: Netflix –know them, […]
“Howls of protest sometimes only work once.”
It’s back! It’s back on the table. The Federal Government is introducing a rule designed to encourage the repayment of tax debt. Introduced in parliament by Minister for Housing and Assistant Treasurer, Michael Sukkar, the debt that a business has with the ATO could be disclosed to credit reporting agencies. When this was first suggested […]
Finance and the colour of your underpants
In a post Royal Commission world, lenders are now asking about all your costs and are crossing into areas of health as well as anything you may spend your money on. The Australian Financial Review reported on Monday 12th August, that the broker Tom Caesar was asked why a client was spending money($120)at radiology. Clearly […]
The Australian Tax Office and the Art of Cooking Fish
Or may be the title should read “The ATO is chasing and cooking the bigger fish and will get to the smaller ones from time to time, or eventually.” We know the term “bigger fish to fry”. In the case of the resource poor ATO, it’s about focusing on major tax fraud, and making sure […]
A Word on Dosh!
We are always in need of finance. There are the obvious ones, such as for a car, or for a home or an investment property. There is need for finance to buy equipment that can make a business more efficient, and there is cash flow finance that is needed to run a business. Often, as […]
It’s probably not saleable
Or is it? There is a possibility that you have a business because that’s the best way you had in getting a job. Many Tradies and others ended up with an ABN because that was a way to get a job, get on site and get working. Many are accidental business people because that “thing” […]
“No one’s paying” -well that’s what it feels like.
The building industry sucks right now! Getting paid has never been harder and not getting paid could ruin you soon-right? So let’s talk about debt collection and stuff you should know and practice…and it’s a blog worth reading to the end. What is the role of a solicitor in a Client Collect Debt? What process […]
You spend how much?
At Your Business Angels / Fresh Number we have analysed hundreds of thousands of bank statements, so we are going to claim we are an authority on spending habits of tradies. Do you want a house or a burger? We have added up the spend on takeaways from tap and go on our clients’ bank […]
Buying a car? The salesman isn’t there to sell you a car. He is there to sell you finance.
The HIGH cost of the low interest rate dealer finance for your next car! According to the Deloitte Motor Industry Report; Australians as a nation buy over 1,000,000 new vehicles each year. Their research revealed: 80% of us had already narrowed our vehicle search online, before setting foot into a dealership. 80% of these new […]
That is not to say that you can’t borrow money easily
Now we have chased banks down a rabbit hole, we have others pooping into the marketplace. Those quick fix $10k and $20k loans that solve your problem for “oh about a nano second”. These loans look easy and are easy to get, because the lenders have geared the interest so that they can take a […]
Read about“The average tradie spends a house deposit every 5 years on takeaway – and much, much more….” Be careful how you spend – Everything is now watched and analysedWe are all aware that somewhere in the ether of the internet, that how we spend, is recorded and then used to sell, suggest and entrap […]