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Harris Black Business Leaders Forum – August 2022

Transformational Growth – Practical Strategies To Accelerate Growth In 2023 For Your Business

Growing a business in a volatile market is challenging. While great marketing and sales strategies are important, it’s also about ensuring the products/services being delivered have been transformed to suit the evolving needs of customers. 

In this workshop we looked at ‘Transformational Growth – Practical strategies to accelerate growth in 2023 for your business’.  

Discussed on the day:

Three ways to avoid stagnation in your growth strategies for 2022/2023
How customer friction can drive innovation and growth
Your pricing and business model – profitability
Group problem solving – address your number one challenge or opportunity

Overall, it was a terrific day with attendees walking away with clarity on practical ways they can stress test their plans and approaches to execution for the year ahead. 

If you are interested in joining our practical and high-value learning sessions, please mark 17 November 2022 in your calendar to ensure you save the date for our next HB Business Leaders Forum workshop. 

Charity: Cambodian Children’s Funds

Harris Black representatives will be attending the Gala Dinner in support of the Cambodian Children’s Funds on 21 October 2022 at Customs House, Brisbane.

See the source image

The Cambodian Children’s Fund works on the ground in Cambodia to offer support to people in need. CCF works in direct contact with the most at risk students, their families and wider community members to create a highly responsive approach in addressing the daily issues faced by those living in extreme poverty.  CCF’s mission is to transform the lives of the most impoverished, marginalized and neglected children in Cambodia through high quality education, leadership training and direct support programs.

This event is co-presented by one of our Harris Black clients, MJS Floorcoverings.

Meet the Staff: Taylor Dicken

Harris Black welcomed Taylor Dicken to our team back in March 2022. Taylor has proven himself to be a valuable member of the Harris Black team and is to be congratulated for his recent promotion to Supervisor! Taylor enjoys going on weekend adventures with his family and recently trekked out to Stanthorpe for a getaway. When he is not busy with his wife and two young children, Taylor enjoys playing adventure style video games (his favorite franchise being the Dark Souls series).

Taylor’s dream place to live would be in a penthouse on the edge of Bondi beach. An ideal dinner party for Taylor would include the company of Warren Buffet, Lionel Messi, Queen Elizabeth II, and his Grandma Sarah.

In the unlikely case that he is stranded on a deserted island, Taylor would bring a water-powered generator, a wide-brim hat and a pocketknife. His Nan kindly taught him the skill of knitting and he wishes he could master the art of cooking dinner.

Taylor is looking forward to getting married in October and will be celebrating by enjoying a few glasses of his favourite beverage.. Bundaberg Rum & Coke. We pass on our well wishes to Taylor and his fiance Jacinta.

See a snippet of Taylor’s interview below:

Important Tax Date

21 October 2022
Lodge and pay Quarter 1, 2022-23 PAYG instalment activity statement
Lodge and pay September 2022 monthly business activity statements
31 October 2022
Lodge tax returns for all entities prosecuted for non-lodgements of prior year returns and advised of a lodgement due date of 31 October 2022
21 November 2022
Lodge and pay October 2022 monthly business activity statement
25 November 2022
Lodge and pay quarter 1, 2022-23 activity statements if you lodge electronically

Having Trouble Finding Staff Right Now?

by Renee Bettenay

When I filmed this video 12 months ago, I never thought it would be an even more critical issue for businesses.  There is no doubt our clients are having trouble finding staff to fill roles within their business.  This leads to the business owner and remaining staff picking up the slack and working in an unsustainable way which inhibits the business’ ability to grow.

Given this is such a topical issue, I thought I should repost the video to remind ourselves on possible ways to combat these staff shortages.

New Electric Car Discount

The Government has introduced legislation into Parliament to implement an electric car discount. 

The discount will involve:

Exemption from Fringe benefits tax (FBT) – a 47% tax on electric cars that are provided by the employer for private use

Import tariffs – a 5% tax on some imported electric cars

A car benefit is an exempt benefit for a year of tax if: 

the car is a zero or low emissions vehicle

the value of the car at the first retail sale was below the luxury car tax threshold for fuel efficient vehicles (2022-23 threshold is $84,916), and

the car is first held and used on or after 1 July 2022.

Zero or low emissions vehicles are cars that are:

battery electric vehicles;

hydrogen fuel cell electric vehicles; and

plug-in hybrid electric vehicles.

The new exemption will only apply to electric cars that are first held and used on or after 1 July 2022.

The exemption will not apply to hybrid electric vehicles that are not plug-in.

It will not apply to electric cars that employers have provided to employees for their use before 1 July 2022. This measure is yet to enter the Senate and is not yet law, however, will be retrospective when passed.

How can we help you?

Today’s financial environment demands a regular review of strategy and a focus on execution.