Tag Archives: Business

Employee or Contractor?

Are you hiring an employee or a contractor? This is an important question often overlooked by business owners. What is the difference between an employee and a contractor? The difference between an employee and an independent contractor is based on many different factors. No single factor determines whether someone is an employee...

Do you have customers that owe you money?

WHAT OPTIONS ARE THERE TO CHASE DEBTS? Where a customer has not complied with the terms on which goods or services have been provided, in that they have failed to make payment as and when required and despite repeated requests, it can often be of assistance for a demand letter...

Buy/Sell Deeds explained

WHY HAVE A BUY/SELL DEED? A Buy/Sell Deed is an agreement between the owners of a company or unit trust that upon the death or permanent disablement of a director or key person associated with a shareholder/unitholder, that shareholder/unitholder must transfer its shares to the remaining shareholders in exchange for...

TPD – what does it mean?

TPD stands for Total and Permanent Disability insurance. TPD insurance can provide you with a lump sum of money should a disability resulting from injury or sickness prevent you from being able to work again. Regardless of whether the disability is caused by sickness or accident, provided the disablement is...

Do you have a shareholders agreement?

CONSIDER THESE COMMON ISSUES What would happen to your company if you or your business partner became so ill that one of you could no longer work – or worse still, died? Would you still be paying dividends or making distributions of profit to that person even through he or...

Starting a new business

Before starting a new business, the first thing that you need to consider is the structure of the entity to operate the business. There are numerous options to choose from, such as: sole trader; partnership; company; and unit trust. This is when it can pay to get good accounting/taxation, financial planning and...

One of the most important but often overlooked insurances for business

ONE OF THE MOST IMPORTANT BUT OFTEN OVERLOOKED INSURANCES FOR BUSINESS Running a successful business comes down to good planning. Questions often posed by business owners include… “Is my business profitable?”, “Do I have enough business in the pipeline?” and “Are debtors under control?” When things are sailing along smoothly,...

The importance of financial planning to business

THE IMPORTANCE OF FINANCIAL PLANNING TO BUSINESS A sound financial plan is the backbone of any successful business. Having a successful business all comes down to planning and financial planning is one of the key areas that must be addressed from conception for a business to thrive and expand. As...