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Business Names

Why do I need to Register my Business Name?

This is a question we often get asked and the answer can be surprisingly simple:

"Registering your business name generally means nobody else can trade with that business name"

but....

It does not necessarily give you automatic rights to use that name where, for example, the name may be trademark protected. Look at this search which shows I could register the business name "Microsoft Windows".

So while ASIC have some similar names registered as can be seen from the search result, you would be able to pay and register this name for your new window cleaning business.

The Microsoft Corporation may have objections to you using this name as it is likely they have it Trademark protected so you may receive a legal letter from the corporation demanding you change the name.

The point I am trying to make is that in some situations having the business name registered is not the only consideration when deciding on your business name.

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Fuel Tax Credit Rates Have Increased

Fuel Tax Credit Rates Have Increased - This is Good News

Fuel tax credit rates have increased for fuel acquired from 1 August 2015, due to a rise in the consumer price index (CPI). This is good news because it means you may get a bigger refund if you lodge your claim correctly.

Fuel tax credit rates will continue to be indexed twice a year so make sure you keep in touch with our facebook page and this blog to ensure you receive the latest information.

What you need to do

Rates change regularly and we have the following information and tools to assist you to claim the correct amount of fuel tax credits:

For information about fuel tax credits go to ato.gov.au/fuelschemes

 

Drowning in Your Receipts?

Get Rid of the Shoe Box Forever

If the ATO asked you for a $65 receipt for petrol from 2 years ago could you find it and could you read it?

Records must be kept for up to 7 years and we know this can be a painful process for many clients. We regularly get asked about easy ways to record and store these documents and we are happy to say there are many simple cost effective solutions available.

While our answer is always guided by your specific circumstances, more and more clients are turning to the cloud to store their receipts. What happens to the paper receipt after filing then becomes largely unimportant.

Cloud based document storage may sound complicated but it can be as simple as popping your receipts into an envelope and posting them away. Of course, if you were more technically oriented you could scan them from the phone App and code them on the run. The choice is yours.

Receipt Bank is just one possible solution but most cloud systems can also integrate into your accounting system saving you time and money on bookkeeping too.

Complete Business Strategies strive to provide innovative solutions to minimise the time and cost of doing business. We know business is tough and with our range of innovative solutions we can help you achieve your goals quicker. If you want more information on this or other innovative solutions just pick up the phone and give Vicki in our office a call on 5439 1600. Or CLICK HERE to Make an Appointment with our Qualified Team to show you how easy it is to set up and use.

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