Category: Business Finances

The last few years have been extraordinary, with circumstances that have challenged almost every business owner. To overcome these challenges, we’re working with many of our clients to set targets and goals for the coming 12 months. In this article, we’ll outline how you can approach target and goal setting for businesses in 2025 and…

As the festive season approaches, many of us look forward to celebrating with friends, family, and coworkers. While Christmas parties and gifts are a great way to show appreciation to your employees, they can also come with unexpected tax consequences. Here’s a guide to help you navigate the potential Fringe Benefits Tax (FBT) implications of…

As the holiday season approaches or if you’re gearing up for a well-deserved break, maintaining control over your business’s holiday cashflow is crucial for a healthy work-life balance. Discover essential tips to keep your finances in check during the festive season. Plan Ahead for Overheads and Salaries Understand that even when you’re away, overheads and…

In this video, Glenn discusses the importance of understanding your financial reports to improve your business results. Learn how analysing both past performance and future projections can help you track growth, identify opportunities, and make informed decisions. Discover how financial reports can guide you towards achieving your financial goals and growing your business value. The Essential SME Checklist for Growth +…

Small changes can significantly improve your business performance. Even slight adjustments to your processes or systems can majorly impact your profit margins. For example, a 1% increase in your gross margin on $500,000 of sales adds an extra $5,000 to your bottom line without increasing sales. The best part? Boosting your margins is one of…

In our recent articles, we’ve discussed essential financial reports, such as income statements, balance sheets, and cashflow statements, which provide a snapshot of your business’s financial health at a given point in time. While these reports are crucial for understanding past performance, cashflow forecasting takes it a step further by offering a forward-looking view, helping…

Understanding your financial reports is crucial to improving your business performance. In this video, Ewen outlines four key reports—profit and loss, balance sheet, accounts receivable, and accounts payable—and explains how monitoring them can enhance cash flow, build stronger supplier relationships, and inform better decision-making. If you’d like a financial review of your business, reach out…

If you’re seeing a low bank balance, it might not be about what you’re doing wrong but where your money is tied up. In this video, Ewen shares tips on assessing your sales, accounts receivable, stock levels, and accounts payable. Discover how these factors impact your cash flow and what you can do to improve…

Understanding your financial reports—knowing your numbers—is critical to business success. It empowers you to make better business decisions, measure their impact, take corrective actions where necessary, and ultimately achieve better results. By gaining insights into your financial reports, you can: Monitor Business Growth Determine if your business is growing or shrinking. Regular monitoring allows you…

Regularly reviewing your financial reports is crucial for any business owner aiming for growth and success. If you’re not doing this—whether due to a busy schedule or because the reports seem confusing—it’s time to start. Here are six compelling reasons you should monitor your financials reports regularly. Which Financial Reports Should You Review? Before diving…

Starting a new business or expanding an existing one often requires substantial funding. Securing the right finance at each stage of your business journey is crucial for success. But where can you find the necessary funds? Five Ways to Access the Right Funding Here are five key funding options to consider: 1: Bank Loans and…

Wondering when to establish a self-managed super fund (SMSF)? The answer varies based on your financial strategy and goals. Generally, financial planners suggest having $200k-$250k in combined super for cost benefits. However, it ultimately depends on your plans for those funds. Watch Glenn’s latest video to learn more about the right time for an SMSF…