Job Saver payments have started to come through for NSW businesses.
Have you received your payment ?
There’s a whole range of support initiatives on offer for businesses.
Make sure you know your entitlements and what you can and cannot pay your employees.
If you want any clarification join me for a fast paced 30 minute zoom webinar this Monday morning 2 August 8:30 am
I suggest you log on to http://www.canstar.com.au and compare banks and fees.
This is a good start.
Sydney business owners woke up to some grim news today.
With Covid cases rising, the city wide lockdown will likely be extended and politicians are demanding people do not leave their homes. Owners are frustrated and stressed – they still have to pay employees, suppliers and rents.
More support is on the way from State and Hopefully the…[Read more]
Margins can vary from industry to industry and it really depends on factors like competition in terms of what you can charge.
A 55% margin is one that many successful businesses have so looks like you are on a good thing.
Off course you should always review your margins on a regular basis.
Best of luck
Welcome to the forum Arpan.
There is a big demand for LED products so best of luck
There’s a lot of advantages to salary packaging especially including a motor vehicle. Basically you use your before tax or gross wages to pay your monthly car lease. This is much better than using after tax or net wages.
Like most things you need to compare how this will impact your take home pay so you need to run some comparisons.
Yes good point , then in that case
Assuming the distributor wants to make a 18% margin their buy price from you would be $12.27
How does the $12.27 make your profit look ?
Hi Biz Keeping
A retailer gross margin of 25% means they are willing to pay the distributor $14.96 to sell it at $19.95 RRP
Assuming the distributor wants to make a 50% margin their buy price from you would be $7.48
You need to make sure the $7.48 covers your cost to make your product and factors in a profit to you.
Hope this helps.
Welcome to the forum Nick Jahet! Hope you find it useful.