Did you know there are tax implications associated with providing free-ride services such as Uber? It’s something many people wanting to become Uber drivers don’t think about but popular second-income earning sources like Uber, Ebay & Airbnb are all subject to income tax.
When it comes to Uber, even if you earn under the $75,000 GST threshold you are still required to register for GST.Read more
When running a business it is easy to put unpaid bills to the back of your mind and give your debtors a bit more time, and hope they pay eventually.
Whilst that is certainly a noble stance, it does not necessarily make good business sense to forgo money that you worked hard to earn. Especially when cashflow is the lifeblood of every business!
When we get asked to assist a client with chasing a bad debt we usually start with a letter of demand. It is a simple and effective way to make your debtor aware that you will not merely sit back and wait for payment, you will not forgive the debt and will not stand for any more broken promises for payment. After all, you kept your part of the bargain – shouldn’t they?Read more
Are you an entrepreneur? A creative? Running a home-based business? Or simply just ‘sticking it to the man’? Regardless of whether you’re working the 9-5 in an office, your bedroom or by the pool – the government would also like to share in your successes.
Whilst almost nobody enjoys paying taxes, there are a few little tax incentives that the Government provides that could make a big difference to your bottom line. Generally, most expenses that a business incurs in producing income are claimable, so be sure to keep records of any spending that is business related!
Here are some tips to help keep more of your hard-earned cash in your pocket…Read more
We have ranked as a BRW Fast 100 company for the second time! The BRW Fast 100 list ranks Australia’s fastest growing, public and private, small and medium businesses.
Ashley Gullo, firm founder and managing director couldn’t be happier with the recognition for the whole teams efforts.
“Our strong and rapid growth is a credit to our entire team and the consistently high level of service they provide to our clients. There’s an emergence of exceptional business on the Sunshine Coast,” he said.Read more
If you managed to watch any of the Shark Tank episodes which aired on Channel Ten recently, you would have observed the panel of ‘Sharks’ verbally destroy contestants who struggled to answer some of the Sharks questions about some business basics. Steve Baxter wrote in an article for BRW recently, “We saw plenty of amazing inventors, outstanding sales people and hard workers who had achieved extraordinary progress. But we saw far too many people who didn’t understand the basics…”.
In terms of basics, here three legal questions you may need to ask when you’re starting a new business venture. People often end up knocking on our door trying to right wrongs which could have been avoided if they had asked the right questions in the first place.Read more
If you go where the money is, if you’re good at what you do, you continually learn and are prepared to work hard, then you’ll see the rewards – Ashley
Seven years ago we started Brandon & Gullo out of our ironing room! Over the years we’ve certainly made some mistakes and learnt some big lessons but we’ve also celebrated some great wins along the way. Two years ago we were recognized on the BRW Fast 100 list. While this was a wonderful moment to celebrate with our team, there are definitely some keys that have helped myself and the firm achieve this. Here’s just 6 things (out of the thousand) I’ve learnt or seen that might help you in your new or existing business venture.Read more
The way you handle conflict will determine what you get out of life.
Ever gone into a conflict or negotiating situation with butterflies in your stomach? Do sales people make you feel nervous? Does the thought of bringing up a problem with your spouse make you feel sick? Well don’t be afraid, I would say most of us have felt or continually feel like this (depending on your personality)!
As a lawyer I’m dealing with conflict everyday and if not in that role than as a Dad, Husband, friend and Boss… pick your role!Read more