Founder's grandsons had the answer but lacked the will to make change

Article Abstract:

The family-owned business Charles Tims went through some bad times after the recession hit at the beginning of the 1990s. The grandsons of the founder, who still ran the business, turned to business consultants for a solution.The owners did not have the will to implement the necessary changes for a turnaround, and managing director Trevor Carrodus and finance director Doug Taylor took over the company through a management buyout. Under new owners, Charles Tims is now profitable.

Management-Creativity, Management, Services, Business consultants, Management consultants, Management buyouts, Business creativity, Charles Tims

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BAS simplified? Now that's just too hard

Article Abstract:

Issues are presented concerning the revision of the Business Activity Statement's GST section by Federal Treasurer Peter Costello. The effect of the changes on companies with turnovers lower than 2-million Australian dollars per annum is discussed.

Taxation, Business enterprises, Tax policy, Australia. Australian Taxation Office

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