If your business will be disrupted in some way by the Christmas, New Year and summer holiday season, then make sure you are prepared for it. If your business goes quiet, what steps do you need to take in order to reduce your overheads, do you need to have money saved to cover you throughout
Starting a business is an exciting time. There are so many things to think about but you don’t want to miss any of the vital steps. I’d like to talk about a couple of the important things from an accounting perspective. Please remember, as always, that your own personal situation is going to be different
This financial year make sure you know exactly what you will owe and save up for it. I find a simple approach is to have an online business savings account and each month work out how much BAS you will need to be paying, how much tax you need to be saving and any large
My three top tips Pick a productivity platform Get the right tools Protect your business 1. Pick a productivity platform - Office 365 or G Suite? Both Office 365 and G Suite provide the power of $100’s of dollars of cloud apps, in a single unified platform. Sorted is on Office 365, however other businesses
The last thing you want to experience is an IT failure, especially when you are busy. This month, take some time to reflect and review your IT systems. Is your small business protected from being hacked, data corruption or data loss? What measures can you put in place to reduce the risk of it
Check in with your accountant this month to understand how your tax liability is tracking for this financial year. Do you need to make any adjustments, invest, spend, save? Don’t hide from doing this, as if it is good news you want to celebrate—and if it is bad news you need to be on the
Being organised in the lead up to the ‘silly season’ is essential if you want to thrive and not just survive! For many businesses, December acts as a magnifying glass and highlights any cracks that might otherwise be hidden. If you are the only person in the business (or home) that knows what to do, then there
A leading cause of company failure in Australia that has been swapping between first and second-place over the last seven years is 'Poor strategic management of business'. I find this very interesting. In fact, the top five nominated causes are all within the business owners control, with the 6th being 'Poor economic conditions'. The need to
This month, I recommend a refresh of your insurance policies to make sure you are getting the best value for money and that you have adequate coverage. I write this post with a big smile on my face and a clear message that I am no financial advisor - this is intended as a prompt for you to
Working with clients requires you to gain an understanding of their situation, which puts you in the perfect position to connect your clients with other people that might be able to help them. This now makes you the referrer, and highlights to your clients that you are well connected and surrounded by professionals that deliver.
