Smes

Most of the two million business owners in Australia run their own business to make money, have greater flexibility and freedom, create legacies and reap financial rewards when they come to sell.

It’s that time of year again where business owners assess the changes the new budget will bring and what it will mean for them. There has been a shift from the previous budget approach of "big savings and paying down debt" to "minimising impacts" with some commentators calling this an election budget.

"I'm selling my business - how do I calculate my sales price? How do I work out what my business is worth?"

In a world that is constantly evolving, business owners need to be across consumer trends, product innovation, competitors and staffing matters. But how many owners keep check of their business structure, its relevance and effectiveness, as time marches on?

What you need to know – Changes to Self Managed Superannuation Funds (SMSFs) in Australia

From 1 July 2014, the Australian Taxation Office (ATO) will have new powers to improve SMSF standards and prevent the system from being manipulated.