“Too much cash isn’t always a good thing”. It sounds impossible. Improbable. Incomprehensible. Especially for an accountant to say. Businesses love cash, but is there such a thing as having too much? While it may seem counterintuitive to ‘suffer’ from having cash, the risks can be overlooked, offsetting the benefit of accumulating it in the first place. Why cash isn’t … 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
3 Things to ask your accountant before you buy a business
Industry commentators are predicting as baby boomers move to retirement there will be a surge of established businesses becoming available for purchase. And as the economy continues to improve, it may just be the perfect time to fulfil your dream of being a business owner. But before you ready yourself for ruling a business empire, assemble a team of experts … Read More
Is it time to break up with your accountant?
It’s a new year and a new business outlook. Out with old and in with the new. Time to shift the dead weight holding you back and it’s time to assess your relationship with your accountant. Like any break-up, hindsight is an amazing (and sometimes really annoying) thing. Friends and family happily tell you what they always wanted to say … Read More
542 Partners in 2014
Looking to 2014 we see great things happening, all of which are only going to improve our service and scope for our clients. Like all good relationships, we think it’s important to share our vision for the coming year and like always, keep the lines of communication open. The lights are on and we’re all home. 2014: A taste of … Read More