The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number under a rewrite of Australia’s business registers….
If you are a partner or owner of a professional service business, and you: Don’t take regular profit distributions Run the business from your bank account Have no idea how…
The first thing we do when working with a professional service business is to calculate the billing capacity of that firm. In this guide, we will explore these so…
Once we have an understanding on the capacity of your professional services firm, we then work to understand the ‘gap’ between the capacity in your professional service firm, against what…