Where do I get cash from?

This post has been kindly contributed by Sarah Wells of Red Concierge.

The question every budding entrepreneur asks themselves once reality has hit them firmly between the eyes “Where do I get cash from?” speaking from personal experience “Beg, borrow and no, no stealing” and “think outside the square”.

Almost every start-up’ gasps for cash and is under funded from inception. This starves the business and crushes the dream of the entrepreneur. How can you grow without cash ? It is king after all! […]

SOS – the ATO is on my back!

Alicia: Hi, this is Alicia from the Australian Taxation Office calling for Mr John Smith.
John Smith: This is he
Alicia: I’m calling regarding the Activity Statement you have recently lodged for the June quarter.
John Smith: Ummm ….. yes!?
Alicia: It has come up for review and I was hoping to ask you a few questions.

John’s heart begins to pounce at 200 km’s per hour. He fears interrogation. What could they possibly ask? What if his answers are incorrect?

Despite the heart pumping harder that usual – following some simple proactive and reactive strategies will keep your heart attack at bay! […]

Nifty Links

Some useful links to save you time hunting around (Click on Heading for Links of Interest)

Trusts – the Basics

One reader asked if I could step back and explain the basics of some of the lingo within setting up a ‘Trust’.

In any type of trust (discretionary, unit, fixed, hybrid etc) – common elements are present. Hopefully I can explain them in as simple terms as possible. But please make sure you understand these more thoroughly if you’re pursuing a Trust structure. […]

To Trust or Not to Trust?

We’ve all heard of Trusts but what are they in practice? Do we need them? Is there only one type of a so called Trust?

This post will look at Unit Trusts – only one of the variables within the Trusts’ umbrella.

A Unit Trust is a trust in which the trust property is divided into a number of defined shares – units. Beneficiaries subscribe to these units. A beneficiary is then entitled to the income and capital of the trust in proportion to the number of units they hold.

So why a Unit Trust? – Beneficiaries interests are clearly defined, can be easily transferred and can be reacquired by the trustee. Also important to note that trusts by nature, don’t have the highest form of regulations as company structures do. […]