Finance

Knog hits $1 million on Kickstarter

Cara Waters   Knog raised a few eyebrows when it turned to crowdfunding to raise $20,000 for the Oi bell but smashed its target to hit $1 million on Wednesday.

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The capital gains tax cost of companies

Max Newnham

Max Newnham   Changes are needed to the small-business exemptions on capital gains tax.

Welcome to the cash-free cafe

Saxon Wright, founder of Pablo & Rusty's Coffee Roasters, shows off his Frank Green cup at the Coffee expo at the ...

Cara Waters   Saxon Wright's coffee business turns over $10 million a year but he's going cash free at his latest cafe opening in Brisbane.

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The big price freeze

Elyse Daniels, founder of Exodus Wear, has diversified her product range so she can keep fixed pricing.

Caroline James   Is your business's price list stuck in a time warp?

Crowdfunding by day, cleaning by night

Getting a creative business off the ground can mean working multiple jobs.

Abha Bhattarai   Finding the money to get a creative business started can be a hard slog.

Accountants not just necessary evil

Max Newnham

Max Newnham   How to ensure your accountant is more than a tax agent.

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Early budget wish list for small business

Small businesses are preparing a budget wish list for Small Business Minister and Assistant Treasurer Kelly O'Dwyer.

Cara Waters   Bring it on say small businesses as Prime Minister Malcolm Turnbull moves the budget forward to 3 May.

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An alien for tax purposes

Max Newnham

Max Newnham   Max Newnham answers readers small-business tax questions.

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The GST fallout for small business

MYOB chief executive Tim Reed says small businesses need GST reform.

Tim Reed   GST compliance costs small and medium businesses more than $13.7 billion a year.

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The 20-year wait for an invoice to be paid

Stephen Kerdel, owner of Sunrise Carpet Cleaning, has waited up to six months to get paid for invoices.

Cara Waters   Small businesses are facing big delays chasing payments with 24 per cent waiting more than six months for invoices to be paid.

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Getting fit for business

Max Newnham

Max Newnham   When you're setting up a business, some costs are tax deductible.

Square arrives, but without tap and go

Square country manager Ben Pfisterer is launching its mobile payment device for small business in Australia on Tuesday.

Shaun Drummond   Square's mobile payment device is launching in Australia, missing one key feature.

Correcting income tax and GST mistakes

Max Newnham

Max Newnham   If you've made a mistake the ATO enables taxpayers to amend returns and forms lodged.

'I pay more tax than Uber'

Alyce Tran, founder of The Daily Edited, says her business is slugged with more tax than Uber.

Cara Waters   Small businesses are getting slugged while large multinationals pay minimal tax.

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Timelio to link super funds with SMEs

Timelio co-founders Charlotte and Andrew Petris have created a peer-to-peer platform for invoice funding.

James Eyers   Large superannuation funds are preparing to enter the invoice financing market via the fintech start-up Timelio, which has created a peer-to-peer platform to provide capital to small companies seeking to expand. 

Company or a sole trader?

Max Newnham

Max Newnham   Max Newnham answers readers' taxation questions.

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Avoiding tax black holes

Max Newnham

Max Newnham   Don't let your business expenses fall into a black hole with no benefit from the expenditure.

Why do businesses fail – ego or ignorance?

Dick Smith is just one of the high-profile collapses this year.

There have been some high-profile business collapses already this year but in the vast majority of cases, business failure can be avoided.

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Tax payments all in the timing

Max Newnham

There's a knack to paying tax as you go so that you avoid a massive tax bill at the end of the year.

Betting the house on the business

Whole Kids founders Monica and James Meldrum with daughter Chloe.

Small-business owners are remortgaging their homes and going cap in hand to family and friends to fund their business ventures.

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How to get cash to start your business

Cedar Anderson and his father Stuart Anderson used crowd funding to finance their Flow Hive business.

Emily Chiantri   From crowd funding to government grants, here are five top ways to get funding for your venture.

Budget blowout of $370 million for instant asset write-off

Treasurer Scott Morrison on 2GB radio in Parliament House, Canberra, on Monday.

Cara Waters   The popularity of the small business instant asset write-off measure has resulted in a short term hole in the budget.

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To be or not to be registered for GST, that is the question?

Max Newnham

Max Newnham   There is much debate at present concerning Australia's GST system. There appears to be a movement growing to increase GST from 10 per cent to 15 per cent, and also to tax all goods and services rather than having some items being exempt.

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It's all a matter of trust

Max Newnham

Max Newnham   Small business owners have the ability to organise their affairs in the most tax effective way using a variety of business structures and one of the most popular is a discretionary trust.

It's still the economy, stupid

Peter Strong, chief executive of the Council of Small Business of Australia, says confidence is up amongst small ...

Cara Waters   Our exclusive survey of small business owners and operators show their top concern is the Australian economy.

Claiming a tax deduction for cars

Max Newnham

Max Newnham   In a family-run business, property and assets are often used for both business and private purposes

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Paying the GST piper after ceasing business

Max Newnham

Max Newnham   What happens when you have ceased trading but you appear to still owe GST?

The perils of funding business with your mortgage

Entrepreneur Emily Carding with daughters Violet, left, and Holly on North Curl Curl Beach.

Duncan Hughes   There may be hidden costs and expensive consequences for entrepreneurs chasing cheaper home loans, writes Duncan Hughes.

George Gregan-backed franchise goes into administration

The chain of franchises is part-owned by former Wallabies captain George Gregan.

Cara Waters   Home ventilation franchise Ventis HQ, which had a turnover of $10 million, has entered into administration.

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Traps to avoid when buying

Max Newnham

Max Newnham   It's a case of buyer beware when you purchase a business with a complicated business structure.