The benefits of buying an existing business

DarnelleBusiness Audit, Business Structures, GeneralLeave a Comment

Buying an existing business can be a great opportunity to hit the ground running and avoid the disadvantages of starting from the ground up. In a majority of situations, buying an existing business is considered a safe option. You acquire a business that already has a loyal customer base, regular cash flow and hopefully goodwill associated with the business name. … Read More

Landing your small business loan

DarnelleGeneralLeave a Comment

Money is the lifeline of any business, so regardless of if you’re starting out or running an existing business, securing finance is important – especially for small businesses. Before you approach a lender or investor, make sure you and your business are in the best position to seek finance. Prepare and plan Your business plan should be considered, well researched … Read More

Landed a big contract? Call your accountant.

DarnelleBusiness Structures, GeneralLeave a Comment

Landing a big contract is great news for you and your business. But before you pop the champagne cork you’ve got some thinking (and talking) to do. Increased business = Increased risk. Growing your business means your business increases in value, which also means an increase in risk. Getting the right business advice is crucial when any significant changes happen … Read More

Landed a big contract? Call your accountant.

DarnelleBusiness Structures, GeneralLeave a Comment

Landing a big contract is great news for you and your business. But before you pop the champagne cork you’ve got some thinking (and talking) to do. Increased business = Increased risk. Growing your business means your business increases in value, which also means an increase in risk. Getting the right business advice is crucial when any significant changes happen … Read More

7 features of a good accounting system

DarnelleBusiness Technology, Cloud AccountingLeave a Comment

We like to think of ourselves as tech-savvy, forward thinking accountants. We love a good accounting system. Nothing gives us more pleasure than transforming a business from an archaic accounting system onto slick, shiny new accounting software. But a good accounting system in 2014 needs to be more than just a super-charged excel sheet. It needs to provide easy-to-understand information … Read More

Business structures: 4 things every business owner should know

DarnelleBusiness StructuresLeave a Comment

Starting a business is literally building something from the ground up. When you start you need a solid foundation (your business plan) and a structure to build on. Start-ups and businesses that forecast growth or substantial change need to carefully consider their business structure, as it’s much easier to start the right way, than have to change halfway through operation. … Read More

Why saving super now, can only mean good things later

DarnelleSuperLeave a Comment

If you’re a business owner, planning for retirement can fall down the list of priorities. With an ageing population and mounting costs of living, ‘super’ is an important consideration for all Australians, but even more so if you’re a business owner. Put simply, successful super planning means you’ve made sure you have enough to live off when you retire. And … Read More

Accounting Systems 101: The facts about Cloud accounting

DarnelleBusiness Technology, Cloud AccountingLeave a Comment

There are oodles of accounting software packages on the market, particularly for small and medium sized businesses. And at 542 you we love our technology, so we’ve always got our fingers on the pulse looking for the best solutions for our clients. Since launching in 2006, Xero has no doubt created a stir in the accounting software market. Their stable … Read More