2018/19 Budget changes that may affect your business.

StuartBusiness Process, General, Super, Tax

2018-19 budget changes affect small business

Reward for work is a dominant theme in this year’s Budget. The seven year personal income tax plan initially targets low to middle income earners before making significant changes to the tax brackets. While there’s much to be said about the complete budget, we’ve reviewed the key highlights that may affect your business. $20k accelerated depreciation extended until 30 June … Read More

The accountant and the bookkeeper: A match made in financial heaven

CraigBusiness Process, Cloud Accounting, General

With 1,440 minutes in a day, it’s no surprise small business owners hustle to make every minute (and dollar!) count. We know tracking financials can be a chore, but it doesn’t have to be. Tell-tale signs you need a bookkeeper  No time to work on the business You don’t understand your compliance requirements You don’t understand your cash flow Invoices … Read More

Spotlight on Tradies: Solutions for 2018 and beyond

CraigBusiness Process

If our recent blog got you thinking, then we’ve got you covered. The New Year may be just around the corner but that doesn’t mean you can’t make some business resolutions now. To get you inspired, check out our top 3 ways to boost productivity and profits for a successful 2018. Get Your Business In Shape Money matters, so it … Read More

Spotlight on Tradies: Issues affecting trades people in business. What you need to know.

StuartBusiness Process, Business Structures, Uncategorized

Long hours and physical demands characteristically common of tradespeople, often sees financial and business obligations not given the right amount of attention. As a result, in correct structures, missing legislative requirements and licences and paying penalties can play havoc with cash flow and hamper the path to success. Below we’ve outlined some common pitfalls many tradies face in business. Employee … Read More

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

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