Brealey Quill Kenny industry news and updates

If you’re a company director, you have the same corporate governance responsibilities as a director of a major public company, even though you’re running a much smaller business. Directors are responsible for appointment of a chief executive officer or a...

Selling is about finding out what people want, why they want it and talking to them about how you and your company can help them get it…this is the supreme law of selling. To be outstandingly successful in business, you...

Management should ensure that consideration is given to allocating specific responsibility for all of the key portfolios within the business. What are the portfolios that relate to your business? Portfolios relate to specific tasks that are outside the mainstream day-to-day...

Fringe benefit tax returns for the fringe benefit tax year ended 31st March 2015 are due for lodgement by 25 June 2015. Fringe benefit tax, whilst relating to benefits that have been made available to employees, is a tax payable by the...

If you have 20 or more employees, you have until 30 June 2015 (less than 100 days) to be using a certified SuperStream compliant service when you pay and report employee super contributions. SuperStream is part of the government’s Super...

In these difficult times, it can be beneficial to have a discussion with your competitors on general economic matters affecting your business. As long as you’re not discussing price or entering into any type of price collision on a tender,...

Shrinkage occurs primarily in retail businesses, but can also apply to trades and manufacturing businesses. Shrinkage occurs when the business fails to sell an item at its full price. The difference between a potential selling price of a product and...

The “5 S” system (a structured, systematic approach to housekeeping and a cornerstone of any world-class manufacturing) can assist a wide range of businesses, not just in manufacturing. “5 S” involves creating an organised workplace, incorporating the following: SORT –...

It’s a good idea to periodically review key aspects of the individual components of your business. Customers Who are your customers? How well do you know their preferences? Do you know your “A-grade” customers? Are you solving your customers’ problems...

There are many attributes to creating a successful, long-term business. Whilst no one attribute makes a business successful, culture is very important in bringing various components together. The business needs to develop loyalty from team members, suppliers, customers, management, directors...