The most important step in taking control of your business performance is to understand your numbers. Your financial reports give you the symptoms of the good or poor health of your business. Having a good understanding of the reports enables you to pinpoint areas that require a more detailed diagnosis. The 3 most important
The most important step in taking control of your business performance is to understand your numbers. Your financial reports give you the symptoms of the good or poor health of your business. Having a good understanding of the reports enables you to pinpoint areas that require a more detailed diagnosis. The 3 most important
The most important step in taking control of your business performance is to understand your numbers. Your financial reports give you the symptoms of the good or poor health of your business. Having a good understanding of the reports enables you to pinpoint areas that require a more detailed diagnosis. The 3 most important
There are more than 100 tax changes that took effect this financial year, and some of them may be relevant to you. Here’s a brief summary of what’s happening: 1. The bright-line test 10-year extension is now in place, with a 5-year rule for the initial owners of new builds. 2. Rental interest deductibility
Everyone knows that each team member should have a job description - it gives clarity on the responsibilities and tasks, and the KPIs and expectations of each role. We can then monitor and measure performance and as the saying goes 'what gets measured gets done'. But too many business owners fail to do the same for their
One of the top ways that Business Owners can free up time is to delegate effectively. Delegation doesn’t mean abdicating responsibility. Abdication looks like this: Issuing the task to anyone and forgetting about it Giving unclear or too little information Not asking if you were understood Not setting time-frames Not setting clear expectations, or
Have you ever wondered why your bank account doesn't reflect the profit you're making? Your profit and loss says one thing, but looking at your bank account you’re wondering how you’re going to make payroll tomorrow. Don’t worry you’re not alone. Read on to find out why... 1. Tax payments For many businesses, the
You’ve probably heard the expression, “The definition of insanity is doing the same thing over and over again and expecting a different result.” And yet, we see it year after year, business owners starting the new year without a plan or a destination in mind. If you’re a business owner it’s a common ailment
It’s one thing to learn how to cook, but the real lesson is in the process and the timing. When each of our teenagers turned 14 years of age, they were given the responsibility of cooking for the family one night a week. (Memo to self - should have had seven children). What we're
With the end of this financial year fast approaching, there are some things you can do to potentially save yourself money (ie tax)! Check out our top tips below to make sure you're prepared! 1. Record Revenue in Advance Have you invoiced for work pre 31 March that won’t be finished until after 31
