Blog
How to Escape the Rat Race
With the introduction of the new development, Success Business Accelerator, we are focusing on helping entrepreneurs increase their outputs by changing the way they approach their inputs. Running your own business should be a balance of work and play so escape the rat race and start doing something today that your future self will thank […]
Increase your Cashflow this Christmas Holiday
With 2015 drawing to an end and the Christmas season coming up, business tends to slow down however you have expenses that do not go on break. Today we will be discussing 5 key ways to boost your cashflow this Christmas. 1. Boost your marketing When companies look for ways to lower expenses, they often […]
Can your business meal expenses be claimed as a deduction?
With Christmas around the corner, taking a client out for a business lunch or providing dinner for your staff is often a grey area in terms of claiming tax deduction. To help business owners determine whether the expense is categorised as tax deductible or entertainment, we have written up a guide to help you work […]
Unlock Your Business Profit – Part Three
Welcome to the last component of our series – 5 Key numbers to unlock your business profit. Today we will discuss working capital days and also introduce Spotlight Reporting. Working Capital Days Profit needs to turn into cash, and that is why we will also be measuring our Working Capital Days. Working capital days is […]
Unlock Your Business Profit – Part Two
This week we will be diving into part two of the Unlock Your Business series. Revenue Revenue, also known as income or sales, is a number that should be monitored ideally on a monthly basis. Similarly to “The One Number”, it is crucial not to just concentrate on revenue but the inputs that composes revenue. […]
Unlock Your Business Profit – Part One
Welcome to the five numbers that all business owners need to know. This series will be separated into 3 segments. The ONE Number and key life indicator Revenue and profit Working capital days and solution Today’s focus will be of identifying a number that represents the business and understanding that your business should be separate […]
More CASH for your DOLLAR!
More Bang for your Buck Start planning NOW to maximise your tax refund next year! We do a lot of tax returns. One thing we constantly hear our clients say is, “I didn’t know I could claim that!” or “I wish I had kept my receipts!” What’s the best way to avoid disappointment at tax […]
Keeping your Business Alive
What’s your strategy to keep cash flowing through your business? There are two ways to improve how you manage your cash flow. The first is working capital management (managing stock, managing suppliers and debt recovery). The second, described here, is using cash flow forecasting. High sales and consistent profits are great aspects to have in […]
Writing a Business Plan
It may sound like a daunting assignment, but evidence suggests a well-written business plan contributes to a successful business. Why? Building a business from scratch can be challenging, therefore, creating a business plan compels you to systematically think through every aspect of your business and develop a solid blueprint to follow. A business plan will […]
TOP 10 Under Claimed Deductions!
1. Keep a diary. You can’t claim the commute between home and work but if you go to other sites or functions outside work you can claim a maximum 77c/km for up to 5000km for the year end 2015. The Government has decided to remove the 12% of original value and 1/3 actual expense methods […]
2015 Year End Reminders Obligations
Another financial year is about to finish! Your Year End Reminders and Obligations As a business owner, there are many obligations that you need to consider and action over the next few weeks. Some of these will help to minimise your tax. We have outlined these action points below to assist you. Date Action Required […]
Want to Make 2015 Tax Time Easier?
WANT TO MAKE TAX TIME EASIER AND CUT YOUR TAX BILL by 30%? For most business owners and employee 30 June is a time of reconciling, sorting and collecting receipts for Tax Time to present to your accountant. If you want know how to cut your tax bill in half, you need to understand the basic […]