Business Owners – What are your assets really worth?

When assessing the value of your business, it’s important to look beyond just the numbers on your balance sheet. Many owners focus solely on the book value of their assets—what’s recorded after depreciation—but this often misrepresents their true worth.

The Jobmaker Incentive

The Jobmaker Incentive

The confusion surrounding the 30th March, 2020 announcement of the economy saving Jobkeeper payment scheme was understandable. This was a ground breaking policy that has assisted 920,000 Australian organisations and 3.5 million individuals to weather the Covid19 storm.

Is your Business Sale Ready?

Is your Business Sale Ready?

Is your Business Sale Ready?

1: Know your Business,

It’s a fundamental requirement to know and understand your numbers: past, current and by way of a forecast at least the next 12 months and ideally 3 years. Management accounts should be completed and produced in a timely manner. These should include adjustments for pre-payments and accruals – the profit for the period under review should reflect what’s happened. The balance sheet should balance be up to date. Assets recorded in your depreciation schedule should be current and still in possession of the business.

How Wollongong is 33% cheaper to do business than the Sydney CBD, Parramatta and Melbourne CBD

How Wollongong is 33% cheaper to do business than the Sydney CBD, Parramatta and Melbourne CBD

Mr Grimson sites data from a recent survey that reveals Wollongong's CBD is set to rival Parramatta, Sydney CBD and Melbourne CBD as the newest magnet for talent and businesses operating in areas such as finance, accounting, HR, administration and IT.

Two market leaders join forces to create a real estate power house.

Two market leaders join forces to create a real estate power house.

This April sees two of Wollongong’s market leaders, MMJ Real Estate and Amplify Business Sales partner up to provide a real estate powerhouse like no other in the Illawarra. MMJ Real Estate already offers the most diverse real estate experience for clients in the Illawarra, but has now increased its range of services to include Business Sales & Acquisitions.