Finding the right commercial premises for your restaurant or cafe can be a long drawn out process and when it is finally identified, the accounting, tax and cashflow implications of entering into the lease agreement are often misunderstood or not fully considered.
A key benefit of establishing and operating a Self Managed Superannuation Fund (“SMSF”) is the ability to make investments which are not available through retail or industry funds, such as property acquisition. We have previously discussed limited recourse borrowing and the associated rules with this strategy.
As a business owner you may be thinking - why should I care about process improvement and for that matter, why should I care about processes at all?
Is your business just starting out and you need to ensure you have the basics in place? Have you undergone a period of change and the business hasn’t kept up? Do you have policies and processes that have been ticking along for some time without review? If so, it might...