Setting goals and measuring performance

Want to get in control of your business performance? We’ll work with you to set your strategic targets, track the right numbers and monitor the important KPIs.  Goals are what drive the long-term performance of your business. Agreeing on clear targets, and measuring your progress over time via key performance indicators (KPIs), helps you to understand exactly where the business is going. But how does this kind of performance management…  Read more

Getting your business idea off the ground

You may have a killer startup idea, but do you know WHY you’re going into business? We’ll work with you to define your vision and get your business idea off the ground. A great idea is the starting point for any business – and these ‘lightbulb moments’ drive the ambition and entrepreneurial spirit of the start-up community. But before you bring your idea to market, you need to know WHY…  Read more

You need a plan for your business!

Starting a new business? Then you need a plan! Outline your vision, set goals, define funding and budget, forecast sales and cashflow, set timelines. Talk to us to create a watertight business plan.  ‘Fail to plan, plan to fail’, as the saying goes. If you’re going to create an effective, successful and profitable business, you need to create a solid strategic plan Your business plan is the route map that…  Read more

4 ways to get in control of cashflow

Does your business need to improve its cash position? Poor cashflow is a problem for many businesses, whether you’re a start-up or an established family business. Talk to us about how you can get proactive with cashflow management. It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position –…  Read more

Set your business up for success with the right structure

Before you start a new business it’s essential to make sure you’re choosing the right structure for the long term. The business structure you choose can have big implications down the track, so it’s best to set up for success from the beginning. The structure of your new business has repercussions in terms of tax, costs and the protection of your assets. When you decide on what structure you’ll use,…  Read more

All you need to know about single touch payroll

Single touch payroll regulations may require you to make some changes. Automation or outsourcing will make compliance less of a time burden for your business. We can help.  Single touch payroll (STP) is a new regulation that changes when and how small businesses report payroll activity to the Australian Tax Office (ATO). Businesses used to report this information to the ATO once a year. Now, they need to send a…  Read more

Cars and self-employment

All business owners should optimize the tax treatment of their cars. Business owners can typically achieve a level of tax deductibility for the running costs of multiple cars. To do this, the owner must be operating with a company or trust structure. The company or trust makes a car available to the owner for private use. There is no limit to the number of cars that can be made available…  Read more

Government delivers “election friendly” 2019/20 Federal Budget

A surplus election budget is the news coming out of the 2019-20 Federal Budget. With superannuation left largely untouched, the Government focused on further personal income tax cuts. However, three key announcements include providing more flexibility for individuals to contribute at ages 65 and 66, the ability to choose their preferred exempt income tax method and increased funding for electronic super rollovers are welcomed. This Federal Budget will provide much…  Read more

Budgetary Policy: It’s all part of the plan

In 2019, the first Tuesday in April is financial planning’s night of nights. (Usually, the big night comes in May, but this year it has been changed as a one-off). That is the night when the Federal Government hands down its proposed budget for the coming financial year and beyond. This year, we have a first-time federal treasurer handing down the budget. That said, much of the heavy lifting of…  Read more

5 key steps to an effective website for your business

89% of customers begin their purchase with an internet search. Your website should reflect your unique value and deliver an exceptional user experience. Never stop improving and optimising it for your audience. 89% of customers begin their purchase with an internet search. It’s never been more vital for your business to have an effective website. We’ve identified five key steps that will help you to build a site that’s effective,…  Read more

6 ways to measure the health of your business

Taking stock of the health of your business allows for more effective planning, early warning about issues, and the chance to better chart a course for success. We can help assess your business health, to set you on the right track. When you’re running a business, it’s easy to get caught up in the day-to-day activity and lose sight of the big picture. Taking stock of the health of your…  Read more

Don’t stress about your work/life balance

Don’t stress about your work life balance, it doesn’t mean what you think it means – a little stress can actually be good for you as long as you keep it in bounds.  Trying to get perfect the work/life balance can be a cause of stress in itself. If you are feeling the strain of building your business and maintaining your life the good news is that stress and a…  Read more

How to make your out-of-office message work harder

Heading on holiday? Don’t forget to set up your out-of-office message. And once you’ve included the essential information, think about including a link to your newsletter landing page, some humour or a link to a useful guide. It’s probably the last thing you do before you head out of the office to enjoy your holiday, but here’s why you should take some time to create your out-of-office message. There are…  Read more

Tips on holiday cashflow for your small business

Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small business. Make a plan early to ensure healthy cashflow over the holidays. Whether you’re heading into a holiday period, or just planning to take a break (and congratulations, because a healthy business means work-life balance), it’s important to keep your cashflow under control.…  Read more

More on the 2018 Budget & what it means for you…

The Federal Budget was handed down last Tuesday, May 8, 2018. While the measures announced in the budget are yet to be passed by Parliament, we can generally assume that most of the announcements will become reality. From an individual perspective – especially if you do not grow illegal tobacco or participate in the black economy – this year’s budget was actually a bit of a nonevent. For those clients…  Read more

How to create good habits in business

If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritizing what you need to do right now – deal with a customer, meet a deadline, attend an event – and the things you know you should do for the ongoing growth of your business. Scheduling time to attend to these business activities on…  Read more

How to turn your hobby into a business

Thinking about turning your passion into a paying gig? These steps will help you avoid some common mistakes as you set out to earn an income from your favorite pastime. Do you have what it takes? Unless you’ve run a business before, it’s easy to get carried away with the idea of how perfect it will be to get paid for doing what you love. Reality check: the stress of…  Read more

Business Matters – October 2017

When business is going well, many owners look to expand their business.  We take a look at the most important factors to consider to make sure your expansion is a success. Have you ever received negative feedback?  How did it make you feel?  In a perfect world, every customer your business works with will be pleased with how the transaction went but we know that this is not always the…  Read more

Your business should be your most important investment

This week, we want to talk to you about what may turn out to be the most significant investment you could ever make. It is your own business. You may be surprised to hear that most financial planners are actually prevented from advising clients about their own business. Their licencee (the person under whose authority they provide advice) will not let them do so. Licencees typically insist that the advice…  Read more

You and your business: time is your scarcest resource

Being self-employed requires an entirely different ‘mindset’ to being an employee. In our own experience, and in our observations of other business owners, a number of particular attitudes need to change if we are to succeed at – and enjoy! – running our own business. The main change in attitude is to ‘let go’ of the relationship between time and reward. If you are an employee, you make a basic…  Read more

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