Author: Glenn Sharp

The pandemic tested the limits of Australian business owners’ strength, resilience, planning, and ability to innovate. While the financial outcome for businesses tended to vary across industries and locations, those which have survived should draw lessons from the challenges of the past 14 months. Here are 3 lessons from the COVID pandemic to help you…

With the 2020/21 financial year drawing to a close, we’ve put together the best advice our accountants have for small businesses. The tips in this blog post are designed to help you reduce costs, improve your processes, and grow:  Our Accountant’s Advice for Small Businesses: 1 – Start with a complete business review.   Knowing…

With customer demand looking likely to increase into the future, now is a great time for businesses to plan for growth and expansion. In this blog post, we’ll explore 4 strategies you should consider as you adapt your business to the new normal:  1. Consider Entering New Markets.  Offering your product or services to new…

Equipment loans are so valuable for growing businesses. But you do need to think about whether it makes sense to get a business loan before signing. This blog post will outline some of the major factors you should consider before taking on an equipment loan.    6 Key Things to Think About Before Taking on an…

In our recent video podcast with the Ambitious Accountant I speak about how you should be working to make yourself redundant over time. While it may seem counter-intuitive, discover what I mean by ‘making yourself redundant’ and why it’s important to build systems and processes into your business, so that your business can GROW!

Now that the Job Keeper program has been going for over a month (we are into the fifth Job Keeper fortnight), the details have become much clearer. Our video update (below) answers many of the common questions. If you have any further questions please get in touch below.

There has never been a more important time to plan and minimise tax. Tax Planning has a bit of mystique around it. But what does it really mean? Tax Planning is the concept of understanding your current tax position, how much tax would be owing at the end of the financial year if we do…

This is one of the most common questions being asked right now. Bills are coming in, you have lost your job or have been put onto Job Keeper, so how are you supposed to get through this crisis period? Figures from the Australian Tax Office (ATO) suggest that almost 500,000 Australians dipped into their Superannuation…

We’re lucky enough to work with hundreds of small businesses across Victoria, so we have seen a lot in terms of business performance and lack thereof. If you feel your business has become a little humdrum, here are a few tips to shake up and shape up your business. Review your business finances with a…

A business failure doesn’t have to mean the end of the world. A failure might actually be the beginning of a much stronger and more resilient business. Here are the things you should consider and take away from a business failure. The blame game It can be hard not to blame others, or extenuating circumstances…

Did you get an unexpectedly large tax bill? Don’t get caught out again. With good tax planning, you can defer some of your income to a later year, or accelerate planned expenditure to reduce your current year’s tax. You have the right to arrange your financial affairs to keep your tax to a minimum –…

If you feel like your business is getting you down and you’re just wanting to keep up with the Joneses, ask yourself why you got into business in the first place.