Do you know the actual cost of labour per hour for your employees? It might be more than you think. If you pay an employee for fifty-two weeks of the year, they only work roughly forty-one to forty-two weeks of the year when you factor in time off.

Many businesses quote jobs using a markup percentage, believing it equals their profit margin. But what if I told you this common misconception could be costing your business $45,000 annually?

If you run your business using a discretionary or family trust, one smart move to reduce tax before June 30, 2025, is setting up a bucket company.