Tax Update from The Diligent Group

Tax Accounting and Business Growth with the Diligent Group
GST on imported services and digital products From 1 July 2017 GST applies to sales of imported services and digital products to Australian businesses and consumers. This means Australian businesses buying imported services or digital products may have GST included in the price of these purchases. This includes digital products such as streaming or downloading of movies, mus...
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‘Blue Ocean Strategy’ to increase your prices!

Blue Ocean Marketing Strategy with The Diligent Group
In our last blog on the series of increasing your profits we discussed increasing your prices. We briefly mentioned Blue Ocean Strategy as an avenue to increasing prices to your customers or clients. So what is "Blue Ocean Strategy" and how does it enable you to increase your prices? In most industries businesses all compete in the same space for the same clients or customer...
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PROFITABLE High Return & Low Cost Marketing Strategies

Edward Zia and his community busy at work teaching High Return Marketing Strategies.
When it comes to our own Small Businesses and living the ‘high life’ of an Entrepreneur; ‘Returns’ mean absolutely everything. After all we are spending money that could be in in our own BANK ACCOUNT and it adds a completely new dimension to our thinking and requirements of any Marketing & Sales Strategy we make use of. I remember noticing this greatly when I was a Co...
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The simplicity of growing your business: INCREASE YOUR PRICES!

Concept of green plant grow on Australian Dollar currency note.
Last week we looked at the four avenues all businesses have to increase their turnover and profits. This week we are breaking this down further and taking a closer look at the 2nd avenue, “increasing the price you charge for your services or goods”. Before simply increasing your prices by say 10% you should do some research and know what your competitors are currently chargi...
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So you want to grow your small business?

Business and risk planning with the Diligent Group
The simplicity of growing your business! So you have been running your small business for a while and are now looking to growth your turnover and profits. You have been doing some research, attending seminars and self-help course but it all seems confusing? Let’s cut through all the material, advice and folklore surrounding growing your small business. With this in mind w...
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End of Financial Year and claiming those tax deductions!

Tax Accounting and Business Growth with the Diligent Group
Another financial year has swung around and 30 June is now upon us and we are all thinking about those last minute tax deductions. So what are the tips? Employer Super Contributions: If you are a small business owner make sure you take advantage of super contributions for yourself. If you are over 49 years of age you can contribute up to $35,000 and get a deduction for yo...
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Budget Wrap: May 2017

Tax2
Personal Income Tax Measures – Mums and Dads 1.       Investment Property Changes a.       From 1 July 2017 depreciation on “Plant and Equipment” will be limited to outlays actually incurred by investors in residential properties. Whilst this comes into effect from 1 July 2017 it relates to any property contract entered into from budget night 9th May 2017. Thus if sign a ...
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Scary superannuation changes coming into effect 1 July 2017! (Part 2)

Scary superannuation changes coming into effect 1 July 2017! Are you ready.
In our previous article we discussed the changes to concessional contributions limits falling from $30,000 or $35,000 to $25,000 for all tax payers. In addition to this change there has been a significant positive change to allow partially elf employed people to make tax deductible contributions to their super fund. Partially self-employed people are individuals that have an...
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Scary superannuation changes coming into effect 1 July 2017! Are you ready?

Scary superannuation changes coming into effect 1 July 2017! Are you ready.
Recently we have received several calls and emails from clients asking about “the super changes coming into effect on 1 July this year”, what these changes are and how will it affect them? Well firstly these changes were part of the Federal Govt’s May 2016 budget and according to budget papers were designed to improve the sustainability, flexibility and integrity of super going...
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Can Small Business and Mums & Dads adopt Big Corporate risk management strategies?

Business and risk planning with the Diligent Group
Often when we think of large companies we think of them as they way we think about large ships. They are slow to move, find it difficult to change direction and often overlook new opportunities. One thing that Big Corporates do very well is put in place risk management strategies (otherwise known as “cover your arse”) to protect what they have already built. Risk manageme...
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