Should you register your business for GST? Many business owners register their businesses from day one, regardless of income. Others, for example, many sole traders, choose not to register for GST until it is mandatory. However, it is common that new businesses don’t realise they have exceeded the income threshold at which they must register! […]
To understand the financial position of a business at a specific point in time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together with the Profit and Loss Statement, and possibly other reports such as the Statement of Cash-flow, these reports provide a complete understanding of […]
The increase in digital business systems has opened up forensic ways of understanding your customer base. That’s a huge bonus when you aim to build better connections, relationships, and experiences with your audience. And knowing what your customers want is fundamental for any successful business to get to grips with. When you’re running a modern, […]
In a crowded marketplace, making your products and services stand out clearly from the competition can be difficult. A key way to do this is to focus on building brand awareness. Then turn your existing customers and targets into advocates for your brand. Sounds simple, doesn’t it? Creating that competitive advantage won’t always be easy, […]
The OECD recently released its latest Taxing Wages 2023 report, and it’s interesting to see where Australia falls compared to other developed nations when it comes to tax. One of the purposes of this particular paper was to look at the impact of Covid-19 on how workers were taxed across 38 different nations – and […]
As you are getting your information ready for us to prepare your 2021–22 income tax return, here is a short list of things that the Australian Taxation Office (ATO) is looking during this tax time. If you currently have dealings in these areas, we recommend that you ensure that your documentation is in order, as […]
WEB: DJ Grigg Monthly Journal – September 2022 by DJ Grigg Financial
WEB: DJ Grigg Monthly Journal – August 2022 by DJ Grigg Financial
Setting goals, founding, managing, and growing a business is a BIG commitment. For most business owners, it will take years to build a customer following, turn a profit and create a truly scalable business. It’s a journey that can sometimes be pressurised, stressful, and risky. – But when your plan really does come together, there […]