Carrying stock for too long means full shelves but an empty bank account. Similarly, if you’re a service provider and are taking forever to bill
When was the last time you reviewed your accounts payable process? Have you compared your current suppliers’ pricing with competitors’ prices? Make sure you’re not paying more than you need to. Talk to us about how we can help maximise your cashflow #Cashflow #FixTheCauses
Do you understand your cash lockup? Having your cash locked up in WIP or accounts receivable is a key cause of poor cashflow. We can help you create billing and collections processes to reduce your lockup. Get in touch! #Cashflow #LockUp #FixTheCauses
Profitable businesses can and do fail because of poor cashflow. There are 7 key causes of poor cashflow. We can help refine your processes to fix the causes instead of treating the symptoms. Get in touch now! #Cashflow #FixTheCauses #MoreMoneyInTheBank
According to Paul Graham, “We’ll increasingly be defined by what we say no to”. Being clear on your #Vision, #Goals and priorities makes it much easier to say no to things that don’t contribute to your #Plan – enabling you to say yes to the right things!
Errors on your Business Activity Statement may result in you paying too much GST or not enough. Is your business growing in complexity, or are the compliance obligations becoming challenging? We’ll help make it effortless and accurate every time.
Unsure if you have the working capital needed to grow your business? We’ll help boost your cashflow and financial position – and can advise on additional finance and funding. #businessadvice #SmallBusiness #SmallBiz #SMB #finance #workingcapital
Concerned about employee performance? Before showing the door of opportunity, consider if you’re providing enough training and support, or are employee skills and attitude the problem? We can help you improve your people and build a #HighPerformance team
Spending too much time #Managing and not enough time #Governing? Not sure what the difference is? Neglecting your governance role can lead to business failure. We can help you learn to separate your governance role from day to day operations!
Do your employees sacrifice salary to super? New rules now apply that may affect how much super you need to pay for employees. Talk to us now about reviewing employee remuneration agreements so you don’t get caught out by the new requirements.
Looking to sell up? Need a plan? Talk to us about creating a workable exit strategy, with a clear focus on driving value and delivering a solid return on your investment. #exitstrategy #SmallBusiness #SmallBiz #finance
Recent changes made by the Fair Work Commission mean that you need to review employment agreements to ensure they are compliant with the award requirements. We can help with the #redtape ! Book a payroll review with us now.
Not all business owners want to grow their business. Some may just want more control. Afterall, your business is there to serve you; you shouldn’t be a slave to it. So, how do you regain that much needed control?
If you have not paid superannuation guarantee for annual leave loading, and you don’t have evidence to demonstrate the loading is for lost overtime, there is a risk that you have superannuation guarantee shortfalls and may be liable for the superannuation guarantee charge.
A fringe benefit reimbursement in relation to a motor vehicle is probably the most common FBT reimbursements an accountant would cater for and there is an often-overlooked issue that could save you hundreds of dollars in tax.
This month we look at recent changes to data matching capabilities and how the ATO is incorporating this into their requirements.
Make a plan – I’m passionate about seeing our SME clients grow, yet I’m constantly frustrated in my attempts to support and assist these businesses
We all need to remember that we are entitled to pay as little tax as we are legally obligated to. This right is fundamental to
If you have 19 or less employees, Single Touch Payroll (STP) will be required as the mandatory required way of reporting tax and super information to the ATO as of 1 July 2019.
I work with a lot of SME type businesses, but, I have also worked with large corporates and listed entities during my career. A significant
If your business has provided any benefits to yourself or your employees, you need to be aware of your reporting obligations. Fringe Benefits Tax (FBT)
‘Fail to plan, plan to fail’, as the saying goes. If you’re going to create an effective, successful and profitable business, you need to create
“Are you struggling with the financial stress of running your own business? Do you feel like you are constantly going backwards?” Well, you are not
If you or your business holds a QBCC license then you need to be aware of the changes that have come into effect from 1
New laws passed by parliament last month directly target the behaviour of taxpayers that don’t meet their obligations. Tax deductions denied If taxpayers do not meet their PAYG withholding tax obligations, from
Everyone needs a little support when running a business. Unfortunately most SME owners don’t get the support they need. Why are you in business? It
Due dates in November The due dates for payment of tax, filing returns and satisfying various other obligations in November 2018 are noted below. Where
Did you miss our 7 Ways to Grow Your Business? Could you afford to?
At the end of each financial year you may need to lodge PAYG withholding annual reports (Payment Summaries) with the Australian Taxation Office (ATO). You