Bridgepoint Group Legal Pty Ltd

16/02/2023

What are the implications for a business (particularly small businesses) when their leaders or founders don’t have the guts to make hard calls? This article conveys four common situations that entrepreneurs and business leaders face on a daily.

https://www.bridgepointgroup.com.au/decisions-you-dont-take-will-bite-you-on-the-arse/

Leadership is not about being perfect or being liked. It's about taking hard but necessary decisions during hard times.

09/02/2023

Managing business cashflow is a challenging and complex task for many entrepreneurs and business owners. Without proper cashflow management, businesses may struggle to meet their financial obligations and could face significant financial difficulties.

It becomes even more painful during economic downturns or slow periods, when businesses may face a decline in revenue, while their expenses may increase. In these two new articles from BridgePoint Group bring some recommendations on how you can improve the cashflow of your business and maintain financial stability.

Enjoy the reading!

https://www.bridgepointgroup.com.au/discipline-the-reason-your-cashflow-still-sucks/

https://www.bridgepointgroup.com.au/negotiate-your-way-to-better-cahsflow/

Managing better your business cashflow is about negotiating well when buying and selling. The winner is who collects the most cash.

31/01/2023

The Australian Federal Government R&D Tax Incentive is a program that aims to encourage businesses to invest in research and development activities. The program can provide cash back to companies that undertake R&D activities, making it easier for them to invest in innovation and growth. The program is open to a wide range of companies and is geared toward small and medium-sized enterprises (SMEs).

Although the process of claiming the R&D Tax Incentive is relatively straightforward, over 70% of eligible companies never claim the benefit. Either because their owners or management staff don’t think they are eligible, or simply because they don’t think that some of their activities can be labelled as R&D.

So, what sort of activities can be included as R&D expenses?

As your business is very likely to be eligible for the R&D Tax Incentive, we have answered some of those questions in this article. Check them out.

https://www.bridgepointgroup.com.au/rd-tax-incentive-your-business-is-likely-to-be-missing-this-out/

If your expenses meet the definition of R&D as set out by the legislation, then you should be claiming it as soon as possible. The deadline for FY21/22 claims is April 30th.

Check what sort of activities can be included as R&D expenses and how you can claim the cashback refund for your business.

17/01/2023

Will you dare to grow your business in 2023?

This year brings a lot of challenges which will inevitably threaten our business goals for 2023. Most of those challenges haven’t emerged on New Year’s Eve. They were inherited from 2022 – inflation with the cost of everything still rising, interest rates as never seen before, war in Ukraine which effects energy prices, among other things. Even some good news such as the lowest unemployment rate in a long time is actually bidding up wages and making it hard to find good people to join our business.

What will you do? Play safe or be brave enough to grow in 2023?

In this provocative article, Neil Parker brings some insights for such a challenging year and some of common beliefs from business owners which stop them from growing their companies during uncertain times.

To read the full article, click here: https://lnkd.in/ghwpggD6

Small Businesses in Australia have a challenging year ahead. Is your business ready to go through considering all the 2023 threaths?

16/01/2023

Five ways in which innovation benefits Australia what your business is missing.

Innovation is vital for the growth and prosperity of the Australian economy.
Innovation is the driving force behind new products, services, and processes that create jobs, increase productivity, and boost competitiveness. Here are a few ways in which an increase in innovation can benefit the Australian economy:

1. Job creation: Innovation leads to the creation of new businesses, which in turn creates jobs. As new products and services are developed, demand for workers increases, leading to economic growth.

2. Increased productivity: Innovation can lead to more efficient ways of producing goods and services, resulting in increased productivity and a higher standard of living for all Australians.

3. Improved competitiveness: Innovation helps Australian businesses to compete more effectively with international rivals. By developing new products and services, and finding new ways to do business, companies can gain a competitive edge, increasing their market share and profits.

4. Economic diversification: Innovation can lead to the development of new industries and sectors, creating opportunities for economic diversification. As a result, the economy becomes less reliant on a single industry, reducing the risk of economic downturns.

5. Attracting Investment: Innovation creates new opportunities for investors, which can attract foreign capital and help to spur economic growth.

Australia has a history of being a leader in many different fields such as mining, agriculture and finance but to keep the economy moving forward, it is important to continue to invest in innovation, research and development, particularly in the fields of technology and renewable energy. A variety of government initiatives such as the R&D Tax Incentive, Export Market Development Grant, Early Stage Innovation Company, and the Entrepreneurs’ Programme, have been implemented to promote innovation and help businesses to stay competitive in the global marketplace.
The challenge for most business owners has been to access these incentives. This is normally due to business owners struggling to understand the process, because they don’t think they are eligible for it, or even just because they are not aware the incentive exists.
Innovation plays a crucial role in the growth and prosperity of the Australian economy. It creates jobs, improves productivity, increases competitiveness, diversifies the economy, and attracts investment. Encouraging and supporting innovation should be a key policy priority for governments, businesses, and individuals alike.

While innovation seems something that only big companies do, small businesses are innovating all the time without even realising it. More than before, it’s time to take advantages of the incentives on offer which not only can help the Australian economy to thrive but can and will support any business to succeed.

28/02/2018

Investors are expected to offer less to factor in increased competition.

05/11/2017

http://bit.ly/2hihevb

03/11/2017

http://bit.ly/2ziIKz9

01/11/2017

Sydney's property prices fell in the last quarter while national housing prices were flat across the capital cities, according to CoreLogic's home value index.

25/10/2017

The Sirius building in The Rocks is not worthy of heritage protection, NSW Minister for the Environment and Heritage Gabrielle Upton announced today, paving the way for it to be developed.

25/10/2017

http://bit.ly/2hYl5dl

Sweden lists entire country on AirbnbSweden's tourism board has teamed up with Airbnb for a new campaign that has captured the world's attention. Lack of clarity around Sydney’s Airbnb rules causes anger, legal threats Sue WilliamsDomain Reporter Oct 24, 2017 facebook twitter whatsapp pinterest When...

20/10/2017

http://bit.ly/2imgbuj

The sale of this four-bedroom home in Sydney's Greenwich marks the end of the era for one family.