Insolvent trading occurs when a company continues to incur debts despite being unable to pay its existing financial obligations. In Australia, directors have a legal duty to prevent this, and failing to do so can result in serious personal, civil, or even criminal consequences. Understanding the rules around insolvent trading is essential to protect your…
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Understanding Family Trusts and Legal Requirements A family trust—also known as a discretionary trust—is a legal structure used to hold and manage assets on behalf of beneficiaries, typically family members. The trustee (who may be an individual or company) controls the trust and decides how income or capital is distributed. We’re here to answer the…
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Understanding Accounts Payable and Liabilities To determine if accounts payable is a liability, let’s first clearly define both terms. Accounts payable (AP) refers to money a business owes suppliers or vendors for goods or services provided but not yet paid for. When your business receives goods along with an invoice stating payment is due at…
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Starting a business is an exciting journey, and choosing the right business name is one of the first big steps. Your business name is more than just a title—it shapes your brand identity and helps customers recognise you. But before you start trading under that name, you need to register it. So, how long does…
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Business advisory is about helping businesses tackle challenges, improve performance, and grow sustainably. It’s a service where business owners work closely with experienced advisors who analyse operations, spot opportunities, and offer practical solutions. At Origin Business Consultants, we specialise in creating strategies that match your business goals. Whether it’s improving efficiency, boosting profits, or preparing…
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When it comes to achieving success in today’s competitive market, positioning plays a vital role. But what does positioning mean in business? In this blog, we’ll explore the concept of positioning, its benefits, effective strategies, and how Origin Business Consultants can help you stand out. Understanding Business Positioning Defining Positioning in Business Positioning in…
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Cash flow is the foundation of any business, ensuring smooth operations. Without consistent cash flow, even profitable businesses can struggle. Managing cash flow is not only about day-to-day survival but also about growth. One crucial tool in this process is scenario modeling, which allows businesses to forecast potential outcomes and prepare for both opportunities and…
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When it comes to claiming the R&D Tax Incentive benefits, one of the more complex areas businesses face is making payments to associates. For these payments to be eligible, the expenditure must occur within the same income year, and the transaction must adhere to the arm’s length principle. This ensures the payment reflects the fair…
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Originally a reimbursement-based scheme, the Export Market Development Grants (EMDG) program has undergone significant modifications to better serve the diverse needs of modern businesses. These changes to the EMDG Grant Program have been driven by extensive stakeholder consultations and strategic reviews to ensure that the program remains relevant and impactful.
Managing a Self-Managed Super Fund (SMSF) requires a deep understanding of compliance rules and awareness of common mistakes to ensure your fund operates smoothly and legally. As experts in SMSF management, we offer comprehensive guidance to help you stay compliant and maximise your fund’s benefits.