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Save yourself a fortune with the right business structure
While not set in stone, choosing your business structure is one of the most important decisions you’ll make as a business owner. It will depend on many factors, for example, the type of business you have, whether you plan to hire employees, join forces with a partner and how you plan to develop your business in the long term. As … Read More
What gets measured gets managed: Setting effective KPI’s
Peter Drucker, one of the most influential commentators on business success, coined the phrase: “What gets measured, gets managed.” Essentially: measure the wrong stuff and you’ll waste time managing the wrong stuff. Understanding your business and using the data to make effective, strategic decisions is vital to the success of your business. Setting and managing Key Performance Indicators (KPIs) helps … Read More
5 business areas (other than tax) your accountant should work on
Choosing the right accountant is a big business decision. The relationship you have with your accountant should be one of your strongest and most important business relationships you’ll have, so choose wisely. Regardless of where you are in your business journey, your accountants’ expertise should not be limited to tax compliance. Not only should your accountant be proactive about saving … Read More
The four keys to successful business planning in 2017
As the New Year rolls over and we go full steam ahead, forward planning can be forgotten. To appropriately plan your calendar year in business there are four key areas that should be kept top of mind. Four key things to consider in 2017 Key dates From Business Activity Statements, to PAYG statements, to Super Guarantee Contributions, to tax … Read More
Wrapping up the year that was and looking toward 2017 and beyond
As we round out another year, we’re excited by what 2017 holds for business. There’s change in the air and it only means good things for you. Looking back at the year that was, there are 5 significant changes that occurred this year that will shape 2017 and beyond for you. Small business and company tax breaks The Government … Read More
CGT + business sales: how you can benefit at the right time
We all know it takes years of hard work and effort to reap the benefits from a successful small business. If you’re considering selling your business, it’s crucial to approach it correctly or risk losing the benefits of your hard work. Timing is critical The earlier we can establish the value of your business, the more opportunity to make … Read More
Spotlight on: Employees and compliance (Guest Blog from Cooee)
Would you be surprised to hear that almost 80% of SMEs in Australia do not have legally compliant employment contracts and workplace polices? Are you in the 20%? Employment agreements and policies work together to clearly define the expectations between employers and employees. Basically if you don’t specifically set the rules and standards in your policies – there are no … Read More
Staying afloat in a cash poor business
The cashflow cycle is extremely crucial to any business, and the ability to stay afloat comes down to understanding your business cash flow cycles and managing this accordingly. Most business owners see growth as the solution to a cash-flow problem. That’s why they often achieve their goal of growing the business only to find they have increased their cash-flow problems … Read More
2 minute read: Easy tips to save you time
As a small business owner, we know ‘time is of the essence’. And while there never seems to be enough of it to go around, we’ve got some simple time-saving tips to reorganise your work life and maximise your free time. Embrace technology We’re lovers of technology. We love using the latest technology to improve our clients (and our own) … Read More