Business Advice

The Fundamentals of a Business Budget

A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and loss statement, the balance sheet, the […]

Setting and tracking financial goals for small business success

Setting financial goals for your business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections, they form the backbone of your road map for success, internal and external. Financial goals are something that every single business should possess regardless of […]

Focusing on Profit

We’ve talked about this before, but it’s worth revisiting because, although it sounds basic, it’s surprisingly easy for business owners to lose sight of the fundamentals of profit. At its core, net profit is the bottom line—the actual profit that remains after all expenses, including operating costs, taxes, and interest, have been paid. Understanding Net […]

Get in control of cashflow

It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start to outstrip your income, that […]

How you accountant supports business development

As your accountant, we won’t just look after the financial side of your business, we can also advise you on the strategic side of your company, including the importance of business development as vital part of your growth plan. Business development (BD) is what helps your company move from slow, organic growth to fast-paced, hypergrowth. […]

Four tax changes to consider before 31 March

Ensure you’re up to date before filing your EOFY returns. #1: Income tax thresholds Effective from 31 July 2024, personal income tax thresholds changed. Composite rates to account for this applied for the income year to 31 March 2025. – 10.5% applies up to $15,600 (previously $14,000) – 17.5% applies from $15,601 to $53,500 (previously […]