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

Buy the robots!

This week, we would like to introduce some basic investment theory. We promise it will be useful! We all generate our income by contributing to the production of goods and services. There are four ‘factors of production’ that combine together to produce economic output. These factors are land, labour, capital and enterprise. Land and labour are pretty simple concepts. If a business needs space, then it will buy or rent…  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

Helping Younger Generations

A good man we know is 45 years old. He is a professional, married with two teenage kids. Once or twice a week he visits his mum, a widow who lives alone in a nearby suburb. Without fail, every time he visits, he goes to the fridge and helps himself to anything there that takes his fancy. And neither he nor his mum think this is in any way unusual.…  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

Limiting your impulses is easier – and harder – than it used to be

Once upon a time, saving money was easy. Technology – actually, it’s absence – made life easier. Consider advice typically given to compulsive spenders in the pre-Internet age: take your credit card and place it in a plastic cup full of water. Then, store the whole package in your freezer. The idea was that if you have an impulse to buy something using your credit card, you had to wait…  Read more

Charitable donations may be tax deductible – here’s what you need to know

Donating to charity not only supports the vital work of an organisation but also has positive side-effects when claiming tax deductions. Donating to charity not only supports the vital work of an organisation or group, but it can have positive side-effects when it comes to claiming tax deductions. To be eligible for a tax credit, you need to make sure that your contributions meet certain conditions, and that you’re making…  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

Recent tax changes for Australian small businesses

Are you across the recent tax changes for small business? Two recent updates may be relevant for your small business. Talk to us about your small business tax. We keep up with tax news, so you don’t have to! The Australian Taxation Office (ATO) has recently announced some updates and changes which could be relevant for your small business. Changes to the instant asset write-off threshold The $20,000 instant asset…  Read more

What to consider when you’re buying an investment property

The old saying ‘safe as houses’ is only true if you do your due diligence. Before you invest in property, do your research and understand your costs. Talk to us, we can help.  Keen to get into the property market as an investor? Before you start looking, you need to understand that what you’re looking for in a house, that you would occupy, might be different to an investment property.…  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

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