Australia's small business landscape is bustling with potential, yet navigating the productivity maze can be challenging. The XSBI
Special Report on Small Business Productivity offers invaluable insights into industry and regional trends that can help small business
owners elevate their efficiency and profitability. Here’s a detailed look at the Australian-specific findings and their practical
implications.
You can read the full report here.
Top Performing Industries in Productivity
The insights from the XSBI Special Report underscore the critical role of productivity in the success of Australian small businesses. By adopting strategies from high-performing industries like agriculture and construction, and embracing technological innovations, small business owners can significantly enhance their efficiency and profitability. With the right support from government policies and a commitment to continuous improvement, Australian small businesses can navigate the challenges and seize the opportunities in an evolving economic landscape.
Learning from Australia's top-performing industries and regions. reach out to us today for strategic small business advisory and start your journey to enhanced efficiency and profitability.
Falling behind on your BAS lodgements looks like an administrative problem. Left long enough, it becomes an expensive one, because the GST you collected stays payable indefinitely while the GST credits you are owed disappear after four years. Here is what that looks like in dollars.
With negative gearing now quarantined for established dwellings, new house and land has become the sensible play for investors — but there is a trap in the first eighteen months. Interest on the land is denied, while interest on the construction is not. If the bank has written one loan, someone has to do the sums. Here is why it pays to split the loan before you sign.
When the draft legislation for the trust minimum tax was released, it came with a reassurance: if you do not want to restructure, you can simply make an election instead — no restructure, and no state stamp duty. That is accurate, but it is also a very small part of the decision. Here is why you should choose your structure for the eventual sale of your business, not for the announcement.