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…

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!

Due to COVID-19 your working arrangements may have changed. If you have been working from home, you may have expenses you can claim a deduction for at tax time. While there is a temporary shortcut method that the ATO has introduced, of 80c per hour of working from home time, we recommend you track all…

As a business owner, you obviously rely on your business to support yourself and your employees day-to-day, but you may also rely on it as a mechanism to fund your retirement?  As such, over the years, you may have reinvested almost every dollar earned back into the business. This money may have been spent to…

The government has announced an extension to the JobKeeper Program which would extend payments made to businesses from the upcoming end date of 28 September 2020 up to 28 March 2021. Businesses will need to requalify for the second part of the scheme that begins on 29th September 2020. While many businesses will benefit from…

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…