Three Handy Depreciation Apps for Business

Smart commercial property owners, commercial property tenants and business owners want to improve their cash flow. Claiming depreciation can reduce the tax paid for any commercial property at tax time.

BMT Tax Depreciation provide three valuable apps every business or commercial property owner should be aware of. Let’s take a look at how these apps can help you.

1. The BMT Tax Depreciation Calculator

This app is really handy when you are looking to purchase any new property, whether it’s a commercial office, an industrial building, a warehouse used for manufacturing or a residential investment property.

The BMT Tax Depreciation Calculator allows investors to get a quick depreciation estimate of the deductions that will become available for any property once it becomes income producing.

To use the calculator, investor’s only need to have some basic information about the property, including the property type, the construction type, quality of fishing, the floor area of the property in square metres, the estimated year of construction, when the property was purchased and the nearest major city.

Once the calculate button has been selected, the calculator will provide investors with an estimate of the minimum and maximum deductions they can claim for the first five years of owning the property.

To download the app for iPhone or Android devices, click here.

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The Top New Financial Year Resolution That Will Improve Your Business

Financial Year Resolution

Planning

Surprise, the most effective new financial year resolution is not financial at all!

It is to plan what you aim to achieve in your business during the year, set goals and work out how you will achieve them. Of course, some of these will be financial but not all.

In the modern world, some will relate to technology for most businesses. Even if you are working in a business where technology is not directly part of what you do, you most likely depend on a mobile phone and may use the internet or social media for marketing. Just think back to the last time you had something repaired. Did the tradespeople carry mobile phones? I’m sure they did.

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Preparing your small business for 21 century

How to Ensure Your Business is Equipped for the 21st Century

by Andrew Boyd

In the fast-paced business world, things are evolving all the time. If you want to maintain the success of your business, you need to ensure that you are keeping up with the changing times, and adapt to all of the new demands that are being thrown your way.

Although the economy does seem to be on the right path once more, it can still be a difficult time for businesses if they do not embrace all of the new types of technology and marketing that is available to them. So whilst some of the things we are going to talk about in this post may cost you some money, they are all to help your business stay successful in the long term.

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End of Financial Year – Sales on the Way

Are you planning to make a technology purchase?

The end of financial year makes many people think about tax and hurriedly scramble to organise deductible expenses in time. At the same, savvy large technology retailers and department stores hold tempting sales. It is very easy to get caught up in the frenzy and make a purchase you might regret. A little groundwork can leave you ready for a win-win situation – you buy in time for the tax benefit, find a good deal at the sale and make sure you have what your business needs so you are left with a device or program that you are happy to use.

Where do I start?

Start by thinking about your business. What are you doing now that would be easier with new technology? What are your competitors offering that makes smart use of technology?

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Setting Up Budgets For Exhibition Stands and Trade Show Displays

by Gill Keinan, Director of NVP Exhibits

The first thing to know is that running exhibitions and trade shows is that it is just like running a business. The thinking of the smart exhibitor should be strategic long term planning and all critical aspects must be covered. In short, if you are always planning only for the next show you are probably spending too much.

Getting the right man on the job

Are you getting the right man for the job? Planning for exhibitions and trade shows require good understanding of strategic planning, marketing skills as well good management skills considering art work and logistics and ability to ask the right questions. In other words getting a capable individual on the job is critical.

Being aware of all expenses related to exhibition stands and trade show displays is crucial. Here are the points to consider:

1. Planning is the key: as a first step makes a list of all the exhibitions and trade shows you attend every year. By doing so you will gain some important information that will help you plan further:

  • Your cost of space
  • Your pattern of attendance

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5 Essential Apps to Systemise Your Small Business

The most successful businesses are ones that are systemised because business owners are not stuck in the day-to-day grind of work, but rather developing their business. Businesses that have a solid foundation of systems are able to grow much more smoothly, creating fewer headaches for the business owner or manager.

There are 3 key pillars to business systemisation including People, Process and Technology. As a business starts to grow, people are usually employed to perform certain tasks. Typically business owners don’t document what needs to be done and what the most efficient way of doing it is, leaving employees to deliver important work to customers in different ways at varying degrees of standards. In turn, employers are left with inconsistent work, rework and unhappy customers.

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The Biggest Technology Mistake Even Experts Make

What is it?

I’ve been working in technology longer than I want to admit and I’ve seen the same thing over and over again. It happens to I.T professionals, even university level teachers and high level government officials. It happens to micro business and small business owners and even school children.

At times in my life, usually when rushed, distracted or under stress, it has happened to me. It does not discriminate on the basis of age, financial status, education level, IQ, or gender but it can be prevented or mitigated by simple changes in process.

So what is it?

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