We are not in this together, so stop saying we are

Lockdown number #5 for Victoria. How on earth did we get here AGAIN? How much stamina do we have to survive this, especially when financial assistance to many of our clients (and ourselves) is NIL. That’s right, no financial support for months and months, but they are forced to shut down. Sorry for not being more positive, but it just seems that the “we are all in the together” mentality…  Read more

Ways to speed up invoicing

Everyone likes making money, especially small business owners. Invoicing, funnily enough, is typically one of the less favourable tasks for small business owners. Chores like creating and sending invoices get set aside for other duties that are seen as more enjoyable or even more urgent. I know you have felt like this…You tell yourself you will get around to it tomorrow, but tomorrow becomes next week, next week becomes next…  Read more

Happy EOFY: Do you have a Business Plan for the year ahead

Happy EOFY.  Time to relax right? Wrong – this is the best time to review your business plan for the new financial year ahead.  Yep, thats right, no rest for the wicked. Here are some of our tips to make the your business plan process more productive (or should I say, actually useful). Don’t fly solo – get your team involved Business planning works best when it’s a team effort.…  Read more

Why that “tax deduction” could be useless to you

The closer we get to 30 June and End of Financial Year – the more times I see the phrase “Buy now, so you can get a tax deduction this financial year”. I truly wonder how many unsuspecting business owners get sucked into this sales tactic – when they don’t even know or understand their tax position in the first place. “You see, a tax deduction is not the same…  Read more

EOFY Payroll is not for the faint hearted

EOFY Payroll is easy right – I mean your accounting software does it for you so what have you got to worry about? A few clicks of a button and payment summaries are issued to staff.  Done, feet up and champagne cracked open.  But wait…. “If you don’t understand payroll and accounting terminology chances are your payroll is incorrect – FACT.” I know what you are thinking….my accounting data file…  Read more

How to avoid ending the financial year in a frazzle

As an Accountant, Financial Coach and Cloud Accounting Guru to start-ups and entrepreneurs, I often see clients come to me after 30th June filled with stress, anxiety, fear and embarrassment. “It doesn’t need to be this way.” So, instead of heading into the end of financial year in a frazzle, follow our simple checklist to being organised. It will make the tax return process so much smoother and easier, and dare…  Read more

2016 Budget – whats in it for you?

The 2016 Budget creates hype, excitement and a mad rush of spending…..but first lets make sure the rules actually apply to you. Last night the treasurer delivered his 2016 Budget and naturally, economists, accountants, business owners and politicians are all in a tizz (me included). But first things first, let’s break it down and take a look at the important announcements and how they may (notice I say may) relate…  Read more

End of Financial Year – is it the end or just the beginning?

In my case, I embrace 30 June as it means the new financial year is starting. This means time to reflect on my business, and my clients businesses over the past 12 months and make sure those plans we have made are implemented to ensure the new financial year kicks off with a BANG.
Having financial goals and budgets in place are imperative to hit the ground running and achieving success.

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