Not only for our clients, but for ourselves as well. For the last 12 months we’ve been using and happily recommending Receipt Bank to our clients. Receipt Bank’s aim is to remove the burden that bills, receipts and invoices place on businesses. And let’s be honest, they do quite literally stack up. Receipt Bank has developed a software and service … Read More
Can you have yourself a tax-free Christmas?
Coming into the silly season we often get asked about entertainment expenses. What’s reasonable? What’s deductible? In short Entertainment expenses are generally not deductible. This includes the cost of business lunches… even if you’re doing ‘business’, attendance at sporting events… even if your client signed on the dotted line at the event, as well as gala or social nights, concerts … Read More
The benefits of buying an existing business
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
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.
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.
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
From idle to active 4 tips to supercharge a stagnant business
A big challenge for many small businesses over the next few years will be competing in stagnant or declining markets. Sticking it out requires courage. Running a stagnant business calls for a new game plan, different to the one used in a period of growth. 4 tips to supercharge a stagnant business Back to basics Prepare a cash flow forecast … Read More
7 features of a good accounting system
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
Xero announces new updates and features
From the Xero blog today… Last month I was at Xerocon Sydney where we announced some of the new Xero features being launched over the next three months. Well, it’s only a few weeks later and the first of these features are live – it’s how we roll. Batch deposits For those of you dealing with customers paying by check/cheque … Read More
Business structures: 4 things every business owner should know
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