Insurance

Business Maxims

Why neglecting insurance can be disastrous

Max Newnham

Max Newnham Too often many business owners neglect their insurance requirements of not only the business, but also the business owner.

Don't buy the wrong wheels

Work car.

Max Newnham Many small business owners stumble in buying and financing the right sort of work vehicle.

Severely late bills hit one-year high

Late bills became even later in the December quarter.

Chris Zappone The number of bills being paid "severely" late by Australian businesses have hit a one-year high, rising by almost 30 per cent in the December quarter.

Spending slide spreads: Westpac

spending

Danny John Key parts of Australia's services sector are being hit by the slowdown in consumer spending.

How to write off business costs

Writing off business purposes.

Business Maxims Q. We recently set up an office - can we claim painting and other costs?

FINANCE

Keeping your lenders in the loop

Having a good relationship with your bank could save you.

Tony Kaye Having a better relationship with your bank could save you if push comes to shove. Here's how to do it.

We owe ourselves salaries

Max

Business Maxims Q. Can we claim our salaries - which we don't have the money for - as a tax deduction?

BUSINESS MAXIMS

The ABCs of GST

ABC.

Max Newnham When you own a business there are countless rules and regulations that must be met.

Business Maxims

Making the most of fruitful labours

Fruit and the tax question.

Business Maxims The ability to offset business losses against other income depends on a taxpayer passing one of four tests. Where these tests cannot be passed the loss must be carried forward to later years.

Mark Bouris

Profitability always a cash-22 situation

Mark Bouris

Mark Bouris Make sure you know your customers and be clear on what they look for from you.

Don't get caught without cover

Business dink.

Business Maxims There are many ways to own and operate a business. Some of them are simple, such as a sole trader or partnership, where the owner earns income as a share of profits.

Insuring for when the door stays shut

Christopher Niesche Most small businesses insure their property and stock against damage like fire and theft, but few take out business interruption insurance against the loss of cash flow caused by a prolonged shutdown.

Be prepared for a rude interruption

Christopher Niesche A loss of trade after an unexpected calamity can be devastating.

Middle man earns his place

Christopher Niesche Using a broker is a good policy if your insurance needs are complex.

Mark Bouris

Small and non-bank lenders worth a look

Mark Bouris

Mark Bouris The truth is that you can't influence a rate cut, but you can look for a better deal.

Mark Bouris

Marketing a matter of timing and target

Mark Bouris.

Mark Bouris Mark Bouris answers letters to guide you through a marketing minefield.

The price of being connected

COMPUTER

In the heat of the moment after losing a contract, an employee tweets a derogatory comment about a competitor, putting his firm at risk of legal action.

Home sweet home, unless it's your workplace

AFR

Christopher Niesche OWNERS of home-based businesses should not assume that their home and contents insurance will provide adequate coverage for their business and their business activities, insurers are warning.

Undervalued: why less is risking more

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Christopher Niesche The increased cost of construction brought on by the carbon tax and the soft economic conditions mean many more small businesses are taking the risk of being underinsured, an insurance consultant...

MONEY

Cash splash: 12 ways to beat the taxman

Tax.

Annette Sampson Another financial year done and dusted. Well, almost. With a little more than four weeks to go until June 30, it is high time to get in some last-minute tax planning.