Edition 142

Originally crafted for manufacturing settings, the 5S methodology has broadened its reach, proving invaluable across various industries. This straightforward system encompasses five key principles—Sort, Set in Order, Shine, Standardise, and Sustain—each designed to improve productivity, boost morale, and enhance safety.

Edition 141

Owning a successful business is an incredible journey, yet securing your future through an effective business exit planning is just as crucial. At Lincolns, we often see business owners postpone this strategy, which can lead to diminished business value and increased stress.

Edition 140

Embarking on the journey of starting your own business is an exhilarating ride. Whether you're dreaming of launching a new product, opening a storefront or offering services, getting everything right from the get-go is key. Let’s break down the essential steps in a friendly, easy-to-digest format to ensure you're on the right path!

Edition 139

As advances in technology and medicine continue to push the boundaries of what's possible, living a longer and healthier life is becoming more than just a dream of the past. But longevity doesn't just happen; it requires thoughtful, proactive planning.

In this issue, we explore essential strategies to ensure that you are not only prepared for a longer life but are also able to enjoy it with quality and purpose.

Edition 138

Business risk is an inevitable part of running a company but understanding and mitigating these risks can make all the difference. From employee injuries and customer disputes to cyber threats and financial downturns, the potential hazards are numerous. Our latest article explores how having the right business structure and adequate insurance can safeguard against these risks.

Edition 137

Last week the Federal Treasurer, Jim Chalmers, handed down the government’s annual budget. As a viewing spectacle it’s not exactly riveting telly (trust me, I watched it) but it is very informative. Each year the government sets out its economic agenda and forecasts. We have summarised the items in this Budget which are the most relevant for our clients.

Edition 136

So now that you have improved your business’s profitability and you are running a positive bottom line (Newsletter - Edition 134), let’s talk about cashflow and funding.

Did you know that you can run a highly profitable business but have no spare cash OR you could run a low profit business yet have lots of spare cash. As always life is about balance, so let’s start with the basics…

Edition 135

With the new financial year screaming towards us much quicker than we expected, so does a number of changes to superannuation contribution amounts and the individual tax rates. Below we have outlined these changes and how you may be able to leverage them to your advantage.

Edition 134

Do you currently run a business or are you looking to buy or establish a business? If so, one of the most important skill you need to have is to understand your businesses drivers and know what levers to pull to increase your businesses profitability.

Edition 133

Have you ever heard Warren Buffet’s wisdom “if you don’t find a way to make money while you sleep, you will work until you die.”?

Well… the heading might be catchy, there aren’t too many quick or easy ways to do it BUT we do have a few helpful tips to get you started. Welcome to some insights and thoughts on the wealth making journey.

Edition 132

Another year went by in a Flash. In this newsletter we wrap up 2023 and give some hints into what we have to offer in the new year.

We can already hear the cries “What?! We are already taxed enough. Why do we have to pay more??” Unfortunately, as the old saying goes – taxes are one of the two certainties in life.

Division 293 Tax (or Div 293 for the cool kids and your Accountant) was introduced as a way to even the playing field between high and low income earners when making contributions to superannuation. Below, we shed some more light on what Div 293 tax is, when it applies and how it is calculated.