Stephen A Maher & Co in Tamworth, New South Wales | Tax preparation service

Stephen A Maher & Co

Locality: Tamworth, New South Wales

Phone: +61 2 6766 6020

Address: 459 Peel St Suite 11 2340 Tamworth, NSW, Australia

Website: http://www.stephenamaherco.com.au

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16.01.2022 Business planning, for the ninety seven percent of businesses in the New England North West region who employ five people or less need not be complicated. But it is a necessary exercise to do. Seventy percent of all business fail in the first ten years. This is an improvement on the failure rates of ninety percent of twenty five years ago. What business failure usually means is that most people lose most of their assets and have to start again with few reserves. Long standing... research shows that preparing a business plan to model your business proposal, assists in identifying potential pitfalls. This enables weaknesses, poor concepts, low market demand or other deficiencies to be addressed or a business proposal abandoned without having to bear financial losses. These widely recognized challenges, is the basis for the public funding to organisations’ such as the Business Enterprise Centers to encourage intending business owners to prepare a business plan, on a substantially cost free basis. There are many available templates for business plan, and so long as they address the core issues that need to be considered, they will usually be adequate. The problem that may arise is if one of the core issues applicable to your industry is not considered in the standard template, and that deficiency may have a significant negative impact on your business. The key component for business planning is ensuring that the analysis of the business environment and the resources required to operate in that environment are fully recognised and addressed. There is a positive side to business planning as well. Results of the success of implemented business plans are that performance on all measures such as sales, earnings, share prices and return on investment, when compared to organisations that do not plan are better in the order of about 25% to multiples of 100%.

14.01.2022 Changes to Foreign Ownership of Agriculture and National Interest Discretion Not Warranted Recently the Productivity Commission (PPC) released a draft report on proposed reforms to Regulation of Australian Agricultural regulations (Report). One of the topics covered in chapter 12 was the subject of foreign investment in agriculture. The report criticised the reduction in the threshold from $252 million to $15 million for the purchase of agricultural land. At the moment such ...Continue reading