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Succession Planning
Sunday 25th February 2024

Succession Planning (Intro)

Written by Steve Roxby

Keen to know more about succession planning? Explore our blog series covering the whats, whys + hows of this important part of strategy.

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Blog
Sunday 21st January 2024

Kickstart your business reset

Written by Steve Roxby

Many experts say that the beginning of the year is for setting goals and target. We don't disagree, but believe reflection, review and business reset come first

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Blog
Friday 15th December 2023

2023 Christmas message

Written by Kellie Wright

2023 wrap-up and a very Merry Christmas from Maxim

What a busy year 2023 has been. We’re not sure how it’s nearly Christmas, but here we are. 

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Blog
Sunday 26th November 2023

AusPsych – Psychosocial risks: Does your workplace meet requirements?

Written by AusPsych

Is your workplace a mentally healthy place to be? In this guest post, AusPsych outlines the risks, your obligations and discusses EAPs

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Blog
Sunday 12th November 2023

Business financing: What you need to consider

Written by Steve Roxby

Considering taking out a loan or other finance for your business?  Find out what you need to consider first + what to do when circumstances change

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Blog
Tuesday 7th November 2023

Interest rate rise impact on SMEs a reminder to stay resilient

Written by Scott Brooks

MOYB data shows a link between interest rate rises + a drop in consumer spending, resulting in fewer cash deposits. Learn more + be proactive

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Blog
Tuesday 17th October 2023

Are you aware of the current ute ATO crackdown?

Written by Scott Brooks

The ATO has begun cracking down on UTE FBT deductions. Learn more and find out what you can do as an employer to avoid any consequences.

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Blog
Tuesday 19th September 2023

Protection from customer insolvency: How to prevent losses

Written by Jeff Shute

In the current economy, corporate insolvency is rising. It may not hit you directly, but it could get your customers. So what can you do to protect yourself? Learn more in our latest guest post from Jeff Shute at regional insolvency and business recovery firm Shaw Gidley.

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Blog
Tuesday 5th September 2023

How to Work on Your Business, Not in it

Written by Steve Roxby

Stepping out of your business is often the only way to identify its strengths, weaknesses, opportunities and threats—and figure out how to overcome or use them to your advantage.

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Strategic Planning
Tuesday 22nd August 2023

Strategy: your responsibility and accountability action plan

Written by Steve Roxby

A strategic plan without effective implementation won’t come to fruition. A big part of this is having a responsibility & accountability action plan. Learn more

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Strategic Planning
Tuesday 1st August 2023

Business development and marketing: are you nurturing growth?

Written by Steve Roxby

What is business development? What is marketing? Learn more about what business development and marketing involve and put our practical tips into action.

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Blog
Monday 24th July 2023

Achieving small business owner wellbeing (data-led advice)

Written by Maxim

According to a recent report, the wellbeing of small business owners lags behind everyone else. Learn more about the findings & what you can do to improve yours

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Strategic Planning
Wednesday 12th July 2023

3 steps to client/customer strategy success

Written by Steve Roxby

Without clients, you don’t have a business. With them, management is crucial. Learn how to attract & keep the right clients with our customer strategy insights

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Strategic Planning
Sunday 2nd July 2023

Mastering the art of resource planning

Written by Steve Roxby

Does your business have the right balance of resources to operate and profit-generate at its best? Resource planning is the key to success. Learn more

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Blog
Wednesday 21st June 2023

Unlock Value and Growth with Sale-leasebacks

Written by Commercial Collective

With the costs of running a business seemingly increasing in all areas, sale-leasebacks can be a viable solution for unlocking cash and capital. Learn more in our latest guest post from local commercial and industrial real estate specialists, Commercial Collective

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Blog
Wednesday 21st June 2023

Additional tax deductions for eligible expenditure on training and digital technology

Written by Dan Sullivan

Yesterday the Federal Government passed legislation providing businesses with an additional tax deduction for eligible expenditure on training and digital technology. The details of the legislation have not changed from when it was announced in March 2022 and the Government has not extended the timeframe, meaning for technology investments, taxpayers only have another 7 days to spend money on technology

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Strategic Planning
Sunday 18th June 2023

Aligning business and personal goals for success

Written by Steve Roxby

Is your business leaving you feeling frustrated, overworked & underpaid? If so, your goals might be out of sync. Find out how to align them and the benefits

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Strategic Planning
Thursday 8th June 2023

Finding Business Clarity: The Pre-strategy Questions

Written by Steve Roxby

Strategic planning is crucial to business success. But before diving into it, you need clarity on where you want to be and how to get there. In our latest blog, the first in a new six-part series on strategic planning, we take a look at the key questions you need to ask yourself at the start of the process.

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Strategic Planning
Wednesday 31st May 2023

Strategic Planning

Written by Steve Roxby

Strategic planning involves mapping out your long-term mission and goals for your company’s success & developing a roadmap to get there. Explore key areas.

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Financial Management
Sunday 21st May 2023

Monitoring business performance: the whats, whys and hows

Written by Steve Roxby

Monitoring business performance is crucial if you want to drive excellence. But what does performance monitoring involve, and how do you go about it?

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Financial Management
Tuesday 16th May 2023

Financial Projections 101: Profit and cash flow

Written by Steve Roxby

Learn all about financial projections, including profit & cash flow forecasting, in this quick guide designed for SMEs. Why do them, how to do them & more

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Blog
Sunday 14th May 2023

End-of-year tax planning advice 22/23

Written by Warwick Turnbull

30 June isn’t far away, which means it’s tax planning time. Discover how to minimise your liabilities this year and swot up on the latest compliance rules.

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Blog
Tuesday 9th May 2023

2023 Federal Budget Overview

Written by Dan Sullivan

Last night’s Budget was a bit of a mixed bag. It delivered the first surplus since before the Global Financial Crisis but was more focused on easing the cost-of-living pressures then making any meaningful reform to the taxation system. 

Detailed are some of the highlights of items that were either announced last night or have been previously announced by the Government and now will form part of policies they will try to get through Parliament.

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Blog
Sunday 23rd April 2023

The Essential 8: cybersecurity for small business

Written by Mat Cremen

How well protected is your business from cybersecurity threats? Learn more about the risks and the Essential 8 framework you can implement for better defence

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Blog
Wednesday 19th April 2023

Beware: ATO debt collection activity increasing

Written by Dan Sullivan

Over the past year, ATO debt collection activity has significantly increased, including for smaller amounts. Learn about the risks and what you need to do

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Financial Management
Tuesday 18th April 2023

Why is cash flow important and how can I increase it?

Written by Steve Roxby

How freely does your cash flow river run? Learn why cash flow is important in business & discover strategies to increase the flow

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Financial Management
Saturday 15th April 2023

How to balance the scales of demand and capacity

Written by Steve Roxby

When capacity cannot meet demand, you’ll have a shortage of goods or services and won’t be able to meet your customers' needs. This can result in lost sales and reduced satisfaction. When demand outstrips capacity, it can lead to wasted resources, increased costs and lower profitability. 

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Blog
Saturday 8th April 2023

Temporary full expensing rules ending 30 June

Written by Dan Sullivan

After temporary full expensing ends, businesses can no longer claim an immediate deduction for the full cost of eligible depreciable assets. Learn what happens next and what you need to do in our latest blog.

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Financial Management
Thursday 23rd March 2023

Understanding business expenses and pricing

Written by Steve Roxby

Business expenses and pricing are financials that go hand in hand. Knowing your expenses helps you set your pricing. Learn more and how to price

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Blog
Wednesday 15th March 2023

Are you meeting your fringe benefits tax obligations?

Written by Dan Sullivan

Are you meeting your fringe benefits tax obligations? If you’re an employer offering employee benefits outside of salary, you need to be. Learn more

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Financial Management
Saturday 11th March 2023

Financial management reports—what to look at

Written by Steve Roxby

The better you understand your financial management reports, the deeper the insights you can access to inform strategy. Learn more about what to look for

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Blog
Tuesday 7th March 2023

What is Business Advisory?

Written by Steve Roxby

Business advisory is one of the key services we offer. But what is business advisory? What does it involve? And who can benefit from it? Learn more

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Financial Management
Friday 3rd March 2023

Financial Management Reporting

Written by Maxim

Financial Management and Reporting forms a large part of our business advisory offering. It involves generating and presenting financial information to provide a clear and accurate view of a business’s health, performance and prospects.

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Blog
Monday 20th February 2023

Australian financing and property market outlook (2023)

Written by Joel Archer

There's been a lot of talk about interest rates and inflation on the news recently. We've also covered these topics in some of our recent blogs.

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Blog
Monday 20th February 2023

It’s time to transition to STP Phase 2 in Xero Payroll

Written by Cassandra Sharp

Xero has announced that partners and customers can now enrol in Single Touch Payroll (STP) Phase 2. Learn more, including what action you need to take today

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Blog
Saturday 28th January 2023

Start 2023 the Right Way with a Business Reset

Written by Steve Roxby

Many experts say that the beginning of the year is for setting goals and targets. We don’t disagree but believe reflection, review & business reset come first.

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Blog
Thursday 3rd November 2022

What is the difference between profit and cashflow? Why are they both so important?

Written by Steve Roxby

There is a common misconception that cashflow and profit are the same thing. Whilst this is not the case, one cannot exist without the other, and it’s important to understand what they are respectively, and how they sit into the overall financial plan of your business. In knowing this, you will be much more prepared to be a sustainably operated business, especially in the event of unexpected financial hurdles.

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Blog
Wednesday 12th October 2022

How do I increase the value of my business?

Written by Steve Roxby

There are a number of reasons to want to increase the value of your business, and knowing how is a question we often hear from our clients. So, what does the value of a business really mean? How do you measure it? And what areas of value are truly important for the goals you want to achieve? Here’s how Maxim works with the idea of value, and how that can apply to the future growth of your business.

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Blog
Thursday 6th October 2022

I can't pay my tax obligation, what happens next?

Written by Scott Brooks

We all strive to meet our tax obligations on time. However, it’s not uncommon for individuals and businesses to experience difficulty in meeting their tax obligations at least once. 

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Blog
Monday 19th September 2022

Everything you need to know about paying Superannuation

Written by Dan Sullivan

Superannuation is, and has been for a number of years, a key mechanism in ensuring employees are financially prepared for retirement.  

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Blog
Monday 22nd August 2022

Why do I have to pay payroll tax?

Written by Dan Sullivan

As we sit well and truly in the thick of tax season, one of the terms we get asked about a lot is ‘payroll tax’; it’s not quite what many assume it is, and it’s worth your while to be aware of what it is, and when you have to pay it, to ensure you’re not caught up in any unnecessary red tape down the line. 

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Blog
Monday 15th August 2022

Am I getting the most out of my business financing?

Written by Steve Roxby

Whatever stage you are with your business, from start up to seasoned, financing can be the staple of a sustainable model. So, what is it? And how does it benefit business? 

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Blog
Monday 8th August 2022

How to manage staff retention and labour costs?

Written by Steve Roxby

Losing valuable staff can be financially detrimental if it affects productivity or customer loss. In the current climate of seeming instability for a lot of businesses, how do you manage staff retention and labour costs confidently?

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Blog
Monday 11th July 2022

What does the rising interest rate and inflation mean for businesses?

Written by Steve Roxby

Everytime a new headline appears about interest rates and inflation, it seems dire and can be scary for anyone, let alone business owners who have themselves and a team to take care of.

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Blog
Monday 4th July 2022

What to expect when working with Maxim?

Written by Scott Brooks

Maxim has had a clear concept that underpins everything we do: create an experience of support, understanding and genuine advice for clients who need more than just their taxes done. 

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Blog
Wednesday 30th March 2022

Federal Budget Update 2022

Written by Dan Sullivan

As the COVID economic landscape continues to take shape, Australian Federal Treasurer Josh Frydenberg has handed down the 2022-23 Federal Budget.

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Blog
Monday 13th September 2021

Maxim and Forsythes Advisors Merger Delivers Competitive Edge

Written by Maxim

Two of Newcastle’s leading accounting, financial and business advisory firms have joined forces to create one of city’s largest locally owned accounting and advisory firms.

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Blog
Monday 16th August 2021

Maxim Office - Covid-19 Update

Written by Steve Roxby

As announced over the weekend, NSW will be in lockdown for a further week...

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Blog
Thursday 13th August 2020

New employees potentially eligible for JobKeeper NOW!

Written by Scott Norrish

While we wait for clarity over key aspects of the extension of JobKeeper past 27 September, an announcement by the Government on 7 August included changes to employee eligibility effective now in relation to the current JobKeeper program.

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Blog
Friday 29th May 2020

Learnings and Actions during Covid-19 that can Shape your Future

Written by Steve Roxby

Most business owners have experienced the impact of Covid-19. We provide an outline of key matters to consider, current learnings from this pandemic and issues you may wish to take action moving forward

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Blog
Tuesday 26th May 2020

Maxim Virtual Economic Breakfast - May 2020

Written by Chris Sneddon

Maxim Director, Chris Sneddon, recently chatted with CEO of Police Bank Greg McKenna and former Newcastle Permanent & Aussie Home Loans CEO Stephen Porges. 

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Blog
Monday 18th May 2020

Your Personal Finances with Scott Norrish

Written by Scott Norrish

Scott recently partnered with The Travel Hub Industry to discuss managing your personal finances in the current economic environment. 

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Blog
Wednesday 13th May 2020

NSW Land Tax Relief

Written by Cassandra Sharp

Following the NSW Government announcement of land tax relief for commercial and residential landowners they have now opened the application process.

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Blog
Thursday 23rd April 2020

ATO announces blanket lodgement deferrals

Written by Cassandra Sharp

The Australian Taxation Office has announced blanket lodgement deferrals for the 2018-19 tax year due to the current COVID-19 pandemic. 

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Blog
Monday 20th April 2020

Small Business COVID-19 Support Grant for up to $10,000

Written by Cassandra Sharp

The State Government has introduced small business COVID-19 support grant for small business that have experienced a significant decline in revenue as a result of COVID-19. You may be eligible for the small business support grant of up to $10,000.

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Blog
Wednesday 15th April 2020

It's time to prepare your business to receive the JobKeeper Payments

Written by Scott Norrish

By now every business owner and employee in the country will have heard something about the JobKeeper stimulus announced by Prime Minister Scott Morrison and Treasurer Josh Frydenberg just over a fortnight ago, with entitlements for payments of $1,500 per employee, to be provided as subsidies for eligible businesses commencing effectively 30 March 2020.

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Blog
Thursday 9th April 2020

JobKeeper Update

Written by Scott Brooks

While the legislation was passed overnight, there is still not much clarification over the mechanics of the JobKeeper payment. 

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Blog
Wednesday 8th April 2020

Webinar: Financial strategies for your business during the COVID-19 pandemic

Written by Scott Norrish

Maxim CEO, Scott Norrish, in collaboration with The Travel Industry Hub, have hosted a Webinar discussing the issues currently affecting businesses as a result of the COVID-19 pandemic.

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Blog
Wednesday 1st April 2020

COVID-19 Information and Resource Support

Written by Maxim

The COVID-19 pandemic has presented, and will continue to present, unprecedented challenges for businesses and individuals alike.

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Blog
Monday 30th March 2020

Covid-19 Update - Federal Government Third Stimulus - 4:40PM 30 March

Written by Scott Norrish

Prime Minister Scott Morrison and Treasurer Josh Frydenberg announced the third round of Federal government stimulus measures, in response to the ongoing coronavirus pandemic.

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Blog
Sunday 22nd March 2020

COVID-19 UPDATE: Federal Goverment Second Stimulus

Written by Scott Norrish

Earlier today (Sunday 22nd March 2020), Prime Minister Scott Morrison announced a second round of Federal government stimulus measures, in response to the ongoing coronavirus pandemic.

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Blog
Tuesday 17th March 2020

COVID-19 - Support for You and Your Business in These Tough Time

Written by Scott Norrish

Like you, we have been closely following the events of the Coronavirus (COVID-19) pandemic as it continues to disrupt health systems, economies and financial markets across the globe. 

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Blog
Friday 13th March 2020

Economic Stimulus Package

Written by Scott Norrish

In the wake of the current economic environment, the Australian Government has announced a $17.6 billion economic plan to assist the Australian economy, part of which will be allocated to support small to medium sized businesses.

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Blog
Thursday 6th February 2020

The role of a trusted advisor

Written by Steve Roxby

So what does a trusted advisor mean?

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Blog
Monday 2nd December 2019

2020 Vision

Written by Steve Roxby

Are you clear on where your business is headed? As we approach year 2020, it is a great opportunity to consider what you really want for you and your business.  

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Events
Thursday 21st November 2019

Maxim Economic Breakfast with Philip Gardner

Written by Maxim

We invite you to attend our upcoming breakfast with guest speakers, Wests Group and Newcastle Knights CEO, Philip Gardner and Maxim's resident economist, Greg McKenna.  

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Blog
Tuesday 24th September 2019

Why is succession planning so important?

Written by Steve Roxby

We don’t always get the chance to decide exactly when we leave our business. It may come as a result of sickness, illness, a relationship break-down, or many other reasons. If we don’t have a plan we may need to make one on the fly, or worse still, be dictated by someone else making one for us.

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Blog
Wednesday 18th September 2019

5 steps to not only survive, but thrive!

Written by Steve Roxby

One of the best pieces of advice I have received is “If nothing changes, nothing changes”. If businesses become complacent and just continue to do what they did yesterday, it is only a matter of time before they lose their competitive edge, technology takes over, or they just simply become complacent.

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Events
Monday 2nd September 2019

Maxim Events

Written by Maxim

Maxim prides itself on delivering quality information and events to our clients. We have created a significant network of like-minded people including our clients, referral partners and prominent individuals in the Newcastle area with which is valued amongst those involved. 

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Blog
Thursday 22nd August 2019

Every business owner needs to know - the difference between profit and cash

Written by Chris Sneddon

If I had collected “2 bob” from every good customer who has posed the question; “where has my profit gone?” …well, I’d have quite a few extra dollars.

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Blog
Friday 28th June 2019

Maxim Economic Insights - June 2019

Written by Greg McKenna

In the space of a few months Australia’s financial regulators – APRA and the RBA – have reacted aggressively to the economic slowdown and housing market falls which were threatening to derail Australia’s almost three decade run of economic growth without recession. 

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Blog
Thursday 23rd May 2019

5 ways to make your life more simple!

Written by Chris Sneddon

If managing life’s everyday complexities only seem achievable when you’re daydreaming about the chef, cleaner, personal assistant or nanny that you don’t have, you’re probably not alone.

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Blog
Thursday 9th May 2019

Total & permanent disability insurance

Written by Matt Haggarty

Total & permanent disability insurance provides cover if you (as the name suggests) become permanently disabled from a serious accident or illness. Like life insurance, TPD cover pays out as a lump sum & can be held either personally or through your superannuation. Life & TPD insurance are generally provided together within superannuation funds by default, however like these covers may be smaller than required amounts that decrease with age.

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Blog
Wednesday 24th April 2019

Aliferous (Alfie) - Our girl with wings

Written by Chris Sneddon

The Maxim team is currently racing a 3-year-old thoroughbred called Aliferous, affectionately named “Alfie” in the office.

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Events
Friday 12th April 2019

Maxim Economic Breakfast

Written by Maxim

We invite you to attend our upcoming economic breakfast with guest speakers, Tony Brasier of PRDnationwide and Maxim's resident economist, Greg McKenna. 

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Blog
Thursday 11th April 2019

The importance of scale

Written by Chris Sneddon

Businesses that do not grow their revenues to achieve the appropriate “scale” will always struggle to provide the appropriate financial return to the business owner to reward the inherent risk of business.

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Blog
Thursday 28th March 2019

Tax planning: Being proactive will save you

Written by Steve Roxby

Have you done your homework? For those clients who've already had your 2018 tax planning meeting, or who are currently meeting your Maxim advisor, this is the time to refresh on those action plans. What do you need to do before 30 June, to lock in those tax savings?

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Blog
Thursday 14th March 2019

An interesting week for financials

Written by Chris Sneddon

Normally the most important dates in the financial calendar for investors are the releases of their six-monthly profit results in February and August, but for most shareholders in Australian companies, the most important date for 2019 was not the announcement of their annual earnings this morning, but rather the release of the Hayne Report on Monday afternoon.

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Blog
Thursday 28th February 2019

Life insurance

Written by Matt Haggarty

As the old saying goes, there are two certainties in life: death & taxes. If these things are certainties of life it makes sense that every person should have two things: a good accountant & life insurance. If you are reading this currently, odds are you already have a great accountant but what is less certain is you having the correct amount of life insurance.

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Blog
Thursday 14th February 2019

Don't risk losing your money machine

Written by Matt Haggarty

Imagine a scenario where you went to the store and came across a machine that was able to produce income worth tens of thousands of dollars for 50+ years, how much do you think something like that would cost?

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Blog
Thursday 24th January 2019

Success is what you make it!

Written by Steve Roxby

Being a business owner is not easy and, in most cases, can be quite lonely. If you are a relatively new business owner you may be asking yourself, am I doing this right? What can I do better?

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Blog
Thursday 10th January 2019

Staff first, customers second, shareholders third

Written by Steve Roxby

Sir Richard Branson lives by the credo of “Put your staff first, your customers second and your shareholders third.” Like everything Branson, an interesting proposition, but what, how and when?

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Blog
Thursday 13th December 2018

Cybercrime

Written by Chris Sneddon

Cyber Threats come in all varieties – and no two ever attack your business from the same angle or in the same way. Threats can occur directly from the outside, while others may have some insider help.

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Events
Thursday 6th December 2018

Maxim presents Matt Hall

Written by Maxim

Maxim presents Matt Hall from Matt Hall Racing 

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Blog
Thursday 29th November 2018

Key business lessons learned from the Smithink 'Young Guns' workshop

Written by Scott Brooks

Earlier in the year, I was given the opportunity to speak at the Smithink Young Guns Workshop, a two-day conference for young(ish) accounting professionals held at the Hilton, Surfers Paradise

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Blog
Thursday 15th November 2018

Is mine as big as yours?

Written by Chris Sneddon

It’s human nature to compare ourselves to others. How we look, what we own, and how successful we are. The same applies to business.

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Blog
Thursday 25th October 2018

Common frustrations in business - Part 1

Written by Steve Roxby

The question I often ask business owners is…. Do you have any frustrations in business? Let’s explore this a little more and look at what actions can be taken to reduce any frustrations.

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Blog
Thursday 11th October 2018

Common frustrations in business - Part 2

Written by Steve Roxby

In Part 1, I mentioned two of the four common frustrations in business, namely cashflow and staff. The other two common frustrations I hear are ‘How do I grow my business’, and ‘Work/life balance’.

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Events
Thursday 11th October 2018

Maxim presents Mark McCrindle

Written by Maxim

Maxim Advisors, McCrindle Research and NAB Partners present Newcastle's 'Business Confidence Briefing' event

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Blog
Thursday 13th September 2018

KPI's for Newcastle's cafe coming of age

Written by Courtney Dolan

With the revitalisation of Newcastle in recent years, we’ve seen a growing number of cafés opening their doors around town and our suburbs. Novocastrians have embraced the crema and aromas; some even say we’re coffee snobs. But what makes one café buzz long-term while another falls flat?

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