by Geoff Gartly | Mar 1, 2020 | Buying a business
Take advantage of the Super Guarantee Amnesty that both houses of Parliament have now passed being The Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 The Superannuation Guarantee Amnesty has been legislated to allow employers a one-off...
by Geoff Gartly | Feb 20, 2020 | Buying a business, Taxes
We are often asked by clients what is my capital gains tax rate? Capital Gains Tax is not a set tax but is determined based on your marginal rate, discounted and adjusted depending on what capital gain exemptions can be applied. Twenty-five years ago, Capital gains...
by Geoff Gartly | Feb 14, 2020 | Buying a business, Services we offer
Setting up a SMSF takes planning and thought . Setting up your own Self Managed Superannuation Fund is not for everyone! In fact, the ASIC and the ATO have issued guidelines around the considerations of establishing an SMSF. There are fantastic opportunities to make...
by Geoff Gartly | Jan 30, 2020 | Buying a business, COVID-19
The value of any small business is determined by a number of factors. Looking beyond what you believe someone will pay the business and how you can grow profitability and systems will increase your personal wealth and longterm value. The value to a potential business...
by Geoff Gartly | Jan 12, 2020 | Buying a business
Starting a new business in 2020 then here are a few tips to help you not make some dumb mistakes . Have a great year , enjoy the journey and go out and conquer the...
by Geoff Gartly | Dec 15, 2019 | Buying a business
Working capital is the blood of your business! How much money do I need in my bank to run my business is a question many small businesses grapples with! The amount of cash, and access to money at short notice so that your business can pay its bills depends mostly on...
by Geoff Gartly | Dec 2, 2019 | Buying a business
Its up to you to drive your business in 2020. Small business excuses by the owners are unacceptable. Avoid them at all costs. Just do it! At Gartly Advisory we have discovered the cure to small business excuses or EXCUSITIS Excusitis: small business failure to...
by Geoff Gartly | Nov 15, 2019 | Business exit planning, Buying a business
A shareholders agreement is essential for any new business partnership. Just starting out in business with a new partner? Grand plans evolve, roles defined and everyone is happy. Now take the opportunity while everyone is on the same page to establish a shareholder...
by Geoff Gartly | Oct 21, 2019 | Buying a business, Estate planning
We often are asked when a client is contemplating a matrimonial divorce, is will I get to keep my business? I have acted for both husband and or wife over the years in public practice. Its a stressful time for everyone and its full of false hopes, bitterness and...
by Geoff Gartly | Oct 12, 2019 | Buying a business
Masterchef doesn’t have anything in common with cash accounting but it teaches budding chefs to make and compete with yummy dishes Many people talk about the terms of the terms “cash basis accounting” or “accrual accounting.” Especially when working out their tax...
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