Do you want to start a gym business in Australia by buying a franchise? If YES, here are 21 best gym franchise opportunities in Australia and their cost. Gym business is gaining more grounds in recent times than it had in the 20th century. People are now more aware of the immeasurable benefits they stand…

 

With its beautiful cities, glorious sunshine, pristine beaches and the great outdoors, Australia has been topping the charts as one of the most livable cities in the world today. But these features are not the only thing going for this vast country; it is also a good place to start a business. Not only does…

 

Love it, hate it, believe in it or ignore it, religion is big business. The fact that religion is tax exempt in many countries of the world equally adds to its appeal. But when it comes to thinking out a business, not many entrepreneurs would want to go the religious route because of the dicey…

 

Is your bad credit score a turn-off to lenders in Australia? If YES, here are 10 best sources of unsecured small business loans with no personal guarantee and their interest rate. Unsecured business loans provide you with the platform to borrow money for your business without the need for collateral. Unlike secured loans that request…

 

A Value Added Tax Identification Number or VAT Identification Number (VATIN) is an identifier used in many countries for value added tax purposes. Mainly in the European Union, a VAT Identification Number can be verified online at the official EU VAT Information Exchange System (VIES) website. You can also use this website to confirm that…

 

The FW Act mandates employers to make and keep employee records with a vast array of information, and to keep these records for a minimum of seven years. However, the definition of ’employee record’ under the Privacy Act 1988 (as referred to by the Fair Work Act 2009), is for personal information held by an…

 

If you own a business, one of the professional things you need to do is to value the business. Interestingly, valuing a business is not solely for people who want to sell their business. Even if you want to buy or apply for a business loan for your business, the value of your business would…

 
 

The franchising industry is one of the fastest growing industries in Australia, and the industry represents 4 percent of the economy of Australia which translates to roughly $144 billion. It has equally created an estimate of 500,000 job positions. A recent study conducted shows that there are about 1,160 Australian franchise systems and an estimated…

 

The country otherwise known as officially known as the Commonwealth of Australia comprises the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. Australia is a developed country and one of the wealthiest in the world; it prides itself as the world’s 12th-largest economy. In 2014 it had the world’s fifth-highest per capita income….

 

There are loads of facts and figures that make Australia exciting. Since it’s a tourist centre, it is not surprising that people throng the states to do one form of business or the other there. This is because of the human and capital resources that the country possesses. As there are a lot of opportunities,…

 

In Australia, GST is an abbreviation for Goods and Services Tax and if you want to register for GST in Australia, you can do that by phone or through your registered tax or BAS agent when you first register your business or at any later time. This is called ‘standard GST’ registration. Please note that…

 

It is not out of place to start your business as a Sole Trader, but if indeed you want to grow and expand, you would need to change your business status from Sole Trader to a Company. The truth is that if your intention is to grow the business and have distribution networks and service…

 

Indeed dealing with clients who choose not to pay for products or services delivered is all too common. Every business owner who has been in the game for any significant amount of time will deal with customers who simply refuse to pay. Often when you are a small business, such as an electrician, you provide…

 

Australia and of course most developed countries have local, state, and federal laws that address refusing service to customers. Under that law, you cannot discriminate on the basis of protected classes: race, gender, religion, etc. Under Australia federal anti-discrimination laws, businesses can refuse service to any person for any reason, unless the business is discriminating…

 

Yes, you can have more than one ABN in Australia, but it will surely depend on the structure of the businesses you intend to do. In Australia, anyone can even conduct any number of businesses/activities under the same ABN provided they all operate under the same business structure. But once your second or subsequent business…

 

Yes, as a sole trader in Australia, you can employ workers in your business, but you can’t employ yourself. As a sole trader, you are responsible for paying your worker’s salary. You are also responsible for your own salary and may choose to pay it into a fund for yourself to help save for your…

 

In Australia, the penalties for a business not keeping the required records can range from a few Australian dollar fines to business closure, depending on the scale of breach and the country region. According to the FWO, inaccurate record keeping is a major concern: some two – thirds of the court cases it instigated last…

 

The cost of starting a business in Australia varies greatly and it is dependent on several factors including the size, type, industry, and structure of business you intend starting. But generally, if you intend starting a small business, you are expected to spend anywhere between $3,000 – $5,000 and it could be more depending on…

 

In Australia, there is no limit to what you can earn if the activities you are undertaking are a hobby and not a business. However, note that if the activity you are doing has more traits of a business and not a hobby, you may be mandated to apply for an ABN. And if you…

 

In Australia, there are certain financial thresholds instituted to determine whether or not a business needs to register for GST. If a business or sole trader has a turnover greater than $75,000, they are expected to register for and pay GST. But if this business or sole trader operates as a not-for-profit organisation, the threshold…

 

Technically, if you are running your own business, it is compulsory to get an ABN. You will need an ABN if you are carrying out a business operation or enterprise, and not working for somebody else. You need an Australian Business Number (ABN) if you are planning to or are currently carrying out business for…

 

In Australia, every local government region has its own rules about living in a shipping container. Most of them are similar, but you need to do your homework before you pop the box on your block. However, the requirements and permits you need might differ according to region and location. Rules and Regulations Guiding the…