What gets measured gets managed: Setting effective KPI’s

StuartBusiness Process

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

StuartBusiness Process

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

CraigBusiness Process, General

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

CraigGeneral, Super, Tax

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

CraigBusiness Process

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)

StuartBusiness Structures

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

CraigUncategorized

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

Spotlight on Payroll: Overcoming the complexities of Payroll

CraigUncategorized

Continuing on with our October Payroll blog spotlight, this week we’re delving deeper into Payroll and the complexities around Payroll. Payroll can be challenging, regardless of the size of your business. Changes in state and federal tax and employment law can make Payroll and Payroll tax complicated and time-consuming. But being aware of these common complexities will ensure you manage … Read More

Spotlight on Payroll: The what, the how and the when of Payroll Tax

StuartTax

As we round out the last half of the calendar year, we thought we’d talk Payroll. We always get a lot of questions about Payroll, so our October blogs will cast a spotlight on Payroll. This week we’re talking Payroll Tax: What it is, how to find out if you’re liable to pay it and when. What is Payroll Tax? Payroll … Read More