Tip #1 Adop the right mindset: In a downturn, having the right attitude is more important than having the right answers.  Take an inventory of your past successes – the achievements that have occurred despite difficult circumstances.  Believe in yourself.  Focus your energies on what you’re good at.

If the property was purchased prior to Sept 1985 by the deceased and subsequently sold within 2 years of the deceased passing, the new owner will not pay any CGT irrespective of whether it was rented at some point in time while the deceased owned it.

Cultivating good computer use habits will optimise your operational efficiency and benefit your health in the long run too.

By focusing on a few key strategic focus points, one business worked out that they could potentially turn their profits from $15,000 to $100,000 in one year. This sometimes seems too good to be true…..this does not happen overnight, but if you don’t focus on the important focus points for your business, it might never happen….that is a certainty!

BankLink provides accountants and businesses like yours with solutions to simplify the accounting process – letting you spend less time on your accounting and more time on your business. Through your accountant, BankLink automates and streamlines your accounting by virtually eliminating manual data entry and the collection of receipts and bank statements.