Welcome to part 3 of our 4-part video series, arming you with the tools you need to prepare your business for life after COVID. In this part we look to the year ahead for businesses, and discuss the connection between efficiency and sustainability. As always, our team are here to help. If you would like assistance or would like to talk … Read More
One in two Australians will need to claim for a critical illness during their working life; Make sure you have the right income protection.
One in two Australian’s will need to claim for critical illness during their working life, but many don’t have the right insurances in place to cover both their business and their family. Income and life protection are much more than a cheap policy put in place for emergencies. They can protect against losing your home and business in the … Read More
A step-by-step guide to activating your ATO Business Portal
As the ATO moves to become digitalised, businesses can now access the ATO’s Business Portal. The Business Portal is a safe, secure website where you can manage your business tax affairs to: View past and yet to be lodged Business Activity Statements (BAS); view your statement of account and payment options; request a refund or transfer of funds between accounts; … Read More
How the wrong business structure can cost you millions
Getting the right business structure in place is one of the most important business decisions you can make throughout your business lifecycle. Unfortunately, without the right business advice it can be an easy mistake to get your business structuring wrong. Aside from causing operational pain, the wrong business structure can literally cost hundreds of thousands of dollars over the … Read More
Top tips for you to do better business in 2016
New year, new (business) you? We hear you! Whether you’re just starting out or growing your business, doing better business for the New Year is a top priority. In our experience we’ve found the difference between a good start to a new year and a not-so-good start can be the simple things. To help start off on the right … Read More
Exit Strategy: How to successfully exit your business
An entrepreneur lives for the struggle of launching their business. But an often forgotten fact is; decisions made in the beginning can have implications well into the future of the business. As it turns out, once you build the business and your fortune, you need an exit strategy to get the money back out. As accountants we like to … Read More
Why having too much cash isn’t always a good thing
“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
Choosing a business accountant 101
Q: What’s the definition of an accountant? A: Someone who solves a problem you didn’t know you had in a way you don’t understand. We think this joke is funny. But unfortunately for some business owners – it’s a reality. Often the relationship you have with your accountant can be a once a year, burn a hole in your pocket, … Read More
Cloud Accounting: 5 common myths BUSTED
As paperless accountants, we make no secret of being advocates for cloud accounting. We do understand however that not all business owners are as eager to join the cloud as we are. Often clients that are tentative to join the cloud are resistant for 5 common reasons: “I don’t trust all the Aps and plugins” Sure, some aps seem to … Read More