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Just as you keep a close eye on your dashboard while driving, your business should have its own set of essential metrics to regularly monitor business progress. Creating a business dashboard involves a simple four-step process: Choose Impactful Key Performance Indicators (KPIs) Identify three to five KPIs that hold significant influence over your goal achievement.…

Interest rates…it looks like the increases will keep coming, so it’s important to get on top of your cashflow and implement some interest rate strategies. Contact us if you would like to find out more.

Stop wasting time on things that don’t matter.  Business leaders can use the Pareto Principle to drive focus, improve productivity, and change how they do business for the better. In this post, we discuss the 80/20 rule and outline how you can use it to stop wasting time on things that don’t matter. What is…

Superannuation is one of the most significant assets many Australians have. Yet, we see many individuals (including business owners) who see superannuation as a compliance requirement – instead of the enormous opportunity it represents. Find out how to make the most of the superannuation contribution benefits and opportunities in this blog post. Voluntary Superannuation Contribution…

After the budget earlier this week, below we share some highlights: Personal income tax changes The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be provided in the form of an increase to the existing LMITO. This will increase the maximum LMITO benefit to $1,500…

Having enough money for your day-to-day business requirements is crucial. It is what keeps your business going – and helps you sleep at night. Introducing cash flow targets at your business can help you optimise your cash flows.  What are Cash Flow Targets?  Before we define cash flow targets, let’s take a quick look at…

For many business owners, the pandemic has disrupted ‘business as usual’. Budgeting and business planning have been put aside, while businesses scrambled to adjust to changing regulations, lockdowns, and fluctuating demand. With vaccination targets reached, and business as usual returning, now is a good time for a business health check.  What is a Business Health…

It can be difficult to know when it’s the right time to invest in the new machinery, technology, or other equipment your business needs. Making your purchases at the right time can drive growth, offer tax benefits, and improve efficiencies. While poor timing can result in cash flow issues and missed opportunities. In this blog…

Aligning your marketing strategy with your financial goals helps ensure your actions are focused and impactful. But for many businesses, there isn’t adequate communication or strategy to align the two. Bridging that gap can help you take steps towards increased growth. Here are three practical ways to align your marketing strategy with your financial goals:…

As your business grows, so does the impact of your financial decisions. This is why the best businesses have a strong network of advisors. More and more businesses are relying on outsourced CFO services, read on to learn what a virtual CFO could do for you:  What are Outsourced CFO Services? Outsourced CFO services are…

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…