Evolving technology and globalisation are helping to bring more innovative and unique ideas to life. But at the same time, they are creating an ideal environment for opportunistic businesses or individuals to exploit a business’s competitive advantage for their own benefit.
You already know my position on the over-use of “disruption” in the business world. Now I am adding robo-advice to my list of catchphrases to question.
Intellectual property may not be as tangible as plant, property and equipment, but for many businesses its value exceeds the dollars on a balance sheet. When it comes to selling a business, IP can have a critical impact on the success of the deal for your clients.
Your brand is the first thing your customers recognise you for, and the last thing they remember. Redchip hosted a gathering recently to share our ideas about an important conversation we believe business advisers should be having with their clients.
Despite what many people think when starting up a business, the simple act of registering a business, company or domain name does not provide any proprietary rights.
The existing $2M turnover test for determining whether your client is a small business entity (SBE) is no longer your only consideration, with the Government’s 2016-17 budget proposing a number of significant changes to the SBE turnover test.
Redchip’s annual EOFY function last week gave me a moment to reflect on the year we’ve had and the commercial landscape for the coming 12 months. In personal news, I was stoked to remind our team we’d had 3 weddings, one baby and no funerals at the firm in FY2015 – good news!
When the economy is perceived as unstable, business confidence falters. With an increase in bankruptcy cases also fuelling concern, personal wealth protection has become a top priority for many clients.
Although it is fair to assume that the ATO has a reasonable suspicion of the specific tax issues relating to your client – this is not always the case. For this reason, it often pays off to have the ATO communicate to you the specific tax issue/s being investigated.
We often see businesses operating under structures where their valuable assets sit within one entity. Not only does this expose them to significant risk, but they are often paying more tax than necessary and, in turn, reducing their working capital.