‘Know your numbers’ series # 3: Your balance sheet

By |2022-06-18T12:54:45+12:00June 16th, 2022|Business Advice, Cash and Cashflow|

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

‘Know your numbers’ series # 2: Your profit and loss

By |2022-06-18T12:55:31+12:00June 2nd, 2022|Business Advice, Cash and Cashflow|

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

‘Know your numbers’ series # 1: Your trading account

By |2022-06-18T12:55:58+12:00May 19th, 2022|Business Advice, Cash and Cashflow|

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

Which new tax changes will affect you?

By |2022-06-18T14:15:27+12:00May 5th, 2022|Business Advice, Tax|

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

Your Job Description as a Business Owner and Director

By |2022-06-18T14:20:35+12:00April 21st, 2022|Business Advice, General, Strategy|

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

Free up time by delegating more

By |2022-06-16T13:53:39+12:00April 7th, 2022|Business Advice, General, Strategy|

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

Cashflow – where is all the cash in your business?

By |2022-06-18T12:22:20+12:00March 24th, 2022|Business Advice, Cash and Cashflow|

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

It starts with a great Business Plan

By |2022-06-18T12:56:38+12:00March 10th, 2022|Business Advice, General, Strategy|

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

How to improve business process with a lasagne recipe

By |2022-06-18T14:25:36+12:00February 24th, 2022|Business Advice, General, Strategy|

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

Do you have your ducks in a row for Year End?

By |2022-06-18T14:14:14+12:00January 27th, 2022|Business Advice, Tax|

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

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