A Gift from the
Lime Octopus Financial Team...

Taxing of loans made from your own company...

Who does it affect? -This will affect those who have their own small private company.

What is it? - The tax office is focusing on “withdrawals” or “loans” from a company by directors or shareholders that have not been taxed.  The taxation office is looking to treat these amounts as dividend payments.

Why are you doing it? - They are doing this as they consider that directors and shareholders are avoiding tax and using the company funds as their own without understanding that the company is a separate entity.

How do you avoid it? - You can attempt to avoid this by having in place a loan agreement, making a payment of a dividend, or have the payments subject to FBT. If you think that this may affect you, please seek further advice from your accountant.

Bonus tip “Strategy is as much about deciding what you are not going to do”

 

A Gift from the
Lime Octopus Marketing Team

Using Special Events / Trade Shows

  1. Use direct mail and personal invitations to get customers to come to your special event of any special event that you are involved in
  2. Use in house displays to demonstrate products and services
  3. Ensure staff are identified with name badges
  4. Ensure staff are adequately trained
  5. Make sure that your display appeals to all the senses-sight, sound, smell, touch, taste
  6. Make your display interactive
  7. Ensure you have professional signage, heaps of business cards and flyers to hand out
  8. Remember-“activity creates activity, fun creates fun”-make your display attention getting!

Strategies to Reduce Price Resistance

  1. Add tangible benefits
  2. Free safety checks etc.
  3. Free samples
  4. Educate customers so they understand the product / service price
  5. Change the words you use to sell the product / service – make it sound more compelling
  6. Add guarantees
  7. Package your products / services in a way that they are perceived better value
  8. Improve your customer relationships – people want to think that you care about them
LO Newsletter Product Specials



1. Business Plan & SWOT Analysis - WAS $138 - NOW $100

Use the Lime Octopus Business Plan template to make it a simple task, just fill in the blanks! To successfully utilise your strengths, overcome your weaknesses, take advantage of your opportunities and terminate any threats you need to know what they are - achieve this by completing a SWOT analysis and do it simply with a Lime Octopus guided template. IT'S EASY!

Make an LO Business Plan work for you this financial year!



2. Financial 3 Pack - WAS $267 for 3 - NOW $100 for 3
 
1. Ratio analysis - compare your figures with industry benchmarks or your previous performance to check your progress and plan for growth. Is your business growing, stabilised or getting worse? Turn your yearly figures into useful information that will tell you what your business is doing from year to year and in comparison to your industry in general.
2. Profit Potential Calculator - when you make changes to your business what effect will it have on your profit-find out EASILY by putting numbers into our calculator - SIMPLE! 
3. Breakeven Analysis - how many widgets/service hours do you need to sell to cover costs? Then how many more to make the money you want to make?? play with your numbers to find your ideal turnover each day, week, month or year... PIECE OF CAKE!
 

Don't miss these offers - limited time only!

or email us for direct deposit details and request the special - info@limeoctopus.com.au

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