Hi, I’m Glenn Sharp from Sharp Accounting and we’re back with ‘Ask Sharpy’. My business isn’t working for me, what should I do? The first thing that we would normally delve into with clients in this situation is to bring you back to the main reasons why you got into business.  Most people when they…

Hi its Ewen Fletcher from Sharp Accounting. In this weeks cash flow video we are going to look at supplier credit terms. Now what are we talking about here? Well you’d be familiar with your customer terms. As in how long and how many days you provide credit to your customers if you do provide credit. That…

Hi, I’m Glenn Sharp from Sharp Accounting and welcome to our weekly ‘Ask Sharpy’ video. Why should I seek advice? When you’re in business, I use an analogy, similar to a football team. In a football team, the players don’t just run around and look after themselves, you’ve got a coaching team. Over the top…

Hi, its Ewen Fletcher from Sharp Accounting. I’m going to be coming to you each week and speaking to you in regards to cashflow and how this can be improved in your business. Each week we are going to have a specific video on how to improve the cash flow within your business. If you’d…

Hi, its Ewen Fletcher from Sharp Accounting. I’m going to be coming to you each week and speaking to you in regards to cashflow and how this can be improved in your business. Each week we are going to have a specific video on how to improve the cash flow within your business. If you’d…

Welcome to the first of a series of videos entitled ‘Ask Sharpy’. Each week we’re going to create a video based on questions that we get from our Facebook community. So make sure you ‘Ask Sharpy’ a question and we will answer them in our weekly video. “How do I know when it’s the right…

Business owners are often pushed by us to think bigger and bolder. However we had a Strategic Planning Day recently where we had to push a business owner to think smaller, much smaller – that is, about a smaller number of working hours.  The Planning Day was with a business owner who runs a financially successful business, but…

Busy preparing for Christmas and New Year, and you’re already run off your feet. That doesn’t stop you though does it? Sneaking a look at your emails as you’re wraping presents. Taking a call while the prawns are cooking on the BBQ. It’s a situation that many small business owners will know well as they…

One thing all businesses have in common is the need to be profitable. A strong turnover is essential for the longevity of any businesses to succeed. But how do you create profitability and where do you start? The downfall that many small business owners experience is the lack of knowledge to answer those exact questions. When discussing…

The question many people ask is should I go it alone….or should I hire a professional accountant to do it for me?  Most people who don’t work in the profession have a limited knowledge of tax, so whilst you will pay an accountant a small fee for doing your return, the return of your tax…

The top 3 percent of workers could be in trouble this federal budget with persistent whispers in Canberra that the tax rate on super contributions could double for the people who earn more than $180,000 a year.  Obviously by introducing this measure the current limit would be reduced from $300,000 to $180,000 imposing a 30 percent…

In the recent 2016-17 Victorian state budget there was one change to payroll tax that may positively impact a number of Victorian businesses. This was the increase in the threshold of Payroll tax from $550,000 to $650,000 progressively over the next 4 years. The payroll tax threshold has not changed since 2002 for Victoria.  How…