Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant help with this? The days where […]
CEO Dare to Cure
CEO Dare to Cure Every year for the past 3 years I have been taking part is an amazing fundraising activity called the CEO Dare to Cure campaign. It is run by the Children’s Cancer Institute www.ccia.org.au (CCI) Every year 950 Australian children and adolescents will be diagnosed with cancer. Every week nearly three Australian […]
Managing Debt In Your Small Business
Running a small business requires taking some risks. Debt is one of those risks, but it is also a positive tool for small business that is usually necessary in order to fund your growth. However, when circumstances change and your debt levels grow, it can keep you up at night. It is important to act […]
Your PAYG Withholding Statement (IAS) Is Due On The 21st
Some employers need to pay PAYG withholding liabilities to the ATO monthly, even if the BAS is lodged quarterly. The monthly instalment activity statement (IAS) and payment is due on the 21st, whether you are lodging your own statement or using our lodgement service. Things to review before finalising the IAS: Have you allocated all […]
How To Safeguard Your Team’s Mental Health
The coronavirus pandemic has forced a significant amount of change and upheaval onto you and your team – in a very short amount of time. We’ve gone from ‘business as usual’ to closed offices, working from home and the full reality of isolation during an emergency lockdown. To combat this change, it’s important to take […]
Your Monthly Activity Statement (BAS) Is Due On The 21st
Your monthly activity statement is due by the 21st of this month. Use the following checklist to make sure you are ready for lodgement day: Have you allocated all bank transactions to the correct accounts? Have you verified that the bank balance listed in your accounting software matches the balance in your bank account? Do […]
How To Create A One-page Marketing Plan
Generating leads is the biggest challenge faced by many business owners. And if you want more enquiries, leads and sales, that means investing in more marketing. If you’ve never attempted any marketing of your business, creating a marketing plan may seem like a daunting prospect. But, in fact, the strategy behind your marketing is merely […]
Reducing Your Lock Up Days To Free Up Cash
It’s vital for businesses to free up as much cash as possible, particularly in these tough economic times. Your ‘lock up days’ is the number of days it takes to convert your debtors, stock and work in progress into cash. A high number of lock up days means your business needs to have more […]
Increasing Your Stock Turn In A Slow-moving Economy
If you sell stock or inventory, it’s essential you understand stock turn and how to increase it. Obsolete, or ‘dead’ stock will harm your cashflow and your ability to increase profit, particularly in a slower-moving economy. The longer stock takes to sell, the longer you have your cash tied up in the stock before it […]
