Tips & tricks.
Quick wins for business owners: tools, habits and shortcuts the LINK Advisors team recommends.
Tips & tricks·7 March 2024
The Purpose Behind Tax Optimisation
Tax optimisation is a strategic approach aimed at legally minimising your tax payable each year. It involves an assessment of your business and is in place to take advantage of tax deductions, credits, and incentives available. This practice ensures that you’re being tax effective and allows you to
Tips & tricks·8 February 2024
The Pitfalls of Borrowing From Your Business
Division 7A is a rule that comes into play when owners of private companies take money out of their businesses in ways that aren’t straightforward salary or dividends. A common scenario that triggers Division 7A is when a business owner takes out a loan from their company and doesn’t pay it back und
Tips & tricks·30 January 2024
Changes to Stage 3 Tax Cuts
The Federal Government has unveiled a proposal to reshape the scheduled Stage 3 personal income tax cuts, set to commence on 1 July 2024. This decision comes after extensive speculation, with the government aiming to reallocate and extend the benefits of these tax cuts to a larger segment of the Aus
Tips & tricks·19 October 2023
10 Principals to Systemise your Business
You’re pouring in the hours, burning the midnight oil, and yet, there’s a missing piece. Everyone whispers the word “systems” in your ear. The question is, what are they and why are they so integral to your business? This article dives deep into the concept of business systems, guiding you through 1
Tips & tricks·4 October 2023
4 Essential Tips to Ensure your NDIS Business Succeeds
Launching and managing a National Disability Insurance Scheme (NDIS) business can be a rewarding venture, but it comes with its unique challenges. To thrive in this specialised field, it’s essential to prioritise certain key elements that can make or break your business’s success. In this article, w
Tips & tricks·21 September 2023
The Benefits of a Pay As You Go (PAYG) Withholding Variation
Choosing to use a Pay As You Go (PAYG) withholding variation, can provide property Investors the opportunity to optimise their cash flow by altering the amount of tax their employer withholds each pay cycle. This article sheds light on the mechanisms, benefits and the interplay of depreciation, in e
Tips & tricks·17 August 2023
How to Get Your Investment Property Ready for the New Financial Year
How to Get Your Investment Property Ready for the New Financial Year August 17, 2023 | Property, Tips and Tricks As a property investor, the beginning of a new financial year is a prime moment to take a step back, assess your investment strategy, and make sure everything is in order. This article br
Tips & tricks·7 August 2023
How to Avoid the Expensive Medicare Levy Surcharge for 2024
August 7, 2023 | Tax, Tips and Tricks The Medicare Levy Surcharge (MLS) is a charge for medium to high-income earners to pay in addition to the Medicare Levy. Similar to the Medicare Levy, the surcharge helps pay for the public health system encourages those who can afford it to take out a private h
Tips & tricks·25 May 2021
Bunnings Power Pass: The often overlooked Bunnings hack for small businesses
May 25, 2021 | Tips and Tricks Bunnings have a customer program called PowerPass which allows eligible customers to access discounts on certain products, track their purchases and simplify the returns/warranty process. It’s also possible to apply for a credit limit and book purchases up to a monthly
Tips & tricks·19 May 2021
5 reasons why it is important to see your accountant before 30 June
May 19, 2021 | Tips and Tricks Does this sound like you? You are aware that 30 June is coming soon. You are not too worried about gathering all the tax documents for your accountant because you know that you have until May next year to lodge your tax return. You may still be paying…
Tips & tricks·1 April 2021
What structure should I invest in?
April 1, 2021 | Tips and Tricks Good news! You are looking into your future and realising that putting your money in your savings account is not enough to fund your retirement. You are looking to start investing. You speak to your mates who’s told you to put your money in shares or properties. Perha
Tips & tricks·18 September 2020
Changing accountants – is my accountant the right fit for me?
September 18, 2020 | Tips and Tricks Looking to change accountants? There may be a number of reasons why you’ve come to this decision. The most common frustrations we hear from clients are: “My accountant takes weeks to get back to me” “My accountant charges by the hour and sends me surprise bills”
Tips & tricks·12 August 2020
Free credit health report for all Australians
August 12, 2020 | Business, Tips and Tricks More than ever, a healthy credit score means an easier process when it comes to borrowing for personal or business needs. NAB have developed a free credit health check tool which will be available for all Australians. The tool can be used by anyone (even
Tips & tricks·17 March 2020
How To Protect Your Business During A Crisis
During a crisis it is important to take practical steps to help protect your business during and afterwards. These steps should be implemented into your business plan to be enacted when crisis strikes. However, it is important not to make the mistake of not responding at all, or making too drastic o
Tips & tricks·8 January 2020
5 Tips To Organising Your Small Business Finances
Becoming self-employed is a great goal. Starting your own business is a part of an exciting journey to financial freedom. You are in good company too, according to the Australian Government 98% of all Australian businesses are small businesses. The trick to finding success when starting your own bus
Tips & tricks·10 December 2019
5 Things For Your Business To Avoid This Christmas Time
The Christmas crush is almost here. As the dates tick down to the 25th of December consumers go crazy, rushing to buy all the presents they need for their friends and family. This can be a stressful time for business owners. There is a delicate balance across the business’ processes to ensure that t
Tips & tricks·19 November 2019
5 FBT Tips For Christmas
Everyone loves a great Christmas party. They are a great way to let your employees know that their hard work is well appreciated. However, a little tax planning is necessary to ensure you aren’t copped with a huge FBT (Fringe Benefits Tax) bill at the end of the fun. Generally, the three primary b
Tips & tricks·28 May 2019
3 Tips to Stopping Your Cashflow Problems
Every successful business needs good cashflow. It is an essential component that without it, a business will struggle to stay afloat. Whether your business’ cashflow is positive or negative can be a good indication of how your business is currently performing. If your cashflow is positive, then you