Our Blog

Business Resilience: Understanding Your Market

As accountants, we want our clients to build resilient and successful businesses. That means overcoming the challenges and pursuing the opportunities presented by current market conditions. Leaders of resilient businesses ensure they understand their market, especially the customers and competition

5 Critical Financial Metrics to Monitor in a Small-Medium Business

For business owners aiming for growth and stability, keeping track of critical financial metrics is a good basis for deciding strategy.

When is the Right Time to Sell Your Business

When is the right time to sell your business? We hear replies ranging from “I don’t plan to sell my business” to “I’d sell it yesterday if I could!”

What Is Your Business Worth? And Why It Matters

Building a business can be a long, challenging process. One way to assess how you are doing is to VALUE your business… and then try to grow that valuation. This keeps management on track and is interesting to sellers, investors or lenders. In this article, we look at how to go about valuing your business.

The Power of Price… Or Should We Talk Value?

If you’re a Bruce Springsteen fan, you might enjoy his song “The Price You Pay” (also covered by country star Emmylou Harris). Roger Daltrey of the Who sings “The Price of Love” while Twisted Sister released “Pay the Price” in 1999. The Doobie Brothers contemplate life in “Too High a Price” while the Thompson Twins think back to their youth in “The Price”.

Successful Delegation to Drive Business Performance

As Accountants, we like to see our Clients operating at high levels of efficiency and generating healthy profits.

Strengthening Your Brand – What is Involved and Why Does it Matter?

Most business leaders agree that branding is important in business. Given the opportunity, they’d like to strengthen their brand to generate more leads, grow sales and increase customer loyalty

Setting Goals and Seizing Opportunities in 2021

Think back to November 2019. What predictions did you make for 2020? Few could have forecast what this year had in store.

Best Practices in Tax Planning for Business Leaders

Here are some guidelines to help business leaders manage their tax affairs in conjunction with their Accountants. Effective tax planning helps minimise tax liability, ensure compliance, and improve cash flow.

8-Areas to Review to Maximize YOUR Marketing Results

The current environment is encouraging businesses to revisit their marketing approach. For some, this means WAIT AND SEE: do as little as possible in the hope that things stabilize. Others sense opportunity… and are taking A BOLDER APPROACH: increasing marketing investment to generate more leads.

7 Ways Businesses Avoid Cyber Fraud

In a world of digital financial networks and online commerce, the risks of cyber fraud are greatly increased.

5 Ways to Improve Efficiency and Productivity in Business Operations

Businesses have a better chance of THRIVING when there’s a focus on operational efficiency and productivity. This reduces costs, improves customer satisfaction and results in a competitive edge.

5 Ways to Get the Most from Goal-Setting (and Goal Achievement)

Most leaders acknowledge the value of setting goals and measuring their progress. But many of those same leaders complain of not setting the ‘right’ goals OR say they have trouble achieving the goals.

Comprehensive Property Purchase Process in 4 stages

Stage 1: Initial Property Listings:Our white-labelled property listings offer essential details designed to pique buyer interest. This preliminary information aims to capture buyers’ attention and help them decide whether to seek more information without overwhelming them. Stage 2: Detailed Property Information:When a buyer pays interest into particular property, we offer a comprehensive Blue File for […]

Managing (and Getting Help) Through a Business Crisis

Recent global events have tested the mettle of management and boards everywhere. Some business owners will emerge stronger and, sadly, some will cease to exist in their current form. Skilled leaders have a better chance of navigating adverse conditions so let’s look closely at some of those skills. Getting a Quick Understanding of the […]

Is Your Business Model Standing the Test of COVID-19?

As accountants, we need to understand our clients’ business models. In very simple terms, a business model refers to “the way a business makes money”. Take a retailer, for example, who buys and displays products of interest to customers. By attracting people into their store, they sell those products and make a profit, provided the sales […]

From Business Survival to Resilience: Shifting the Focus

Business survival has been a popular topic in recent weeks but businesses are shifting their focus to resilience. What does it take to build businesses that can survive AND thrive in the longer term… while insulating them from a recurrence of recent events? It’s not about picking up where we left off because what worked in the past […]

COVID-19 and JobKeeper: Relief for Employers and Employees

This information is based on legislation passed on 8th April 2020 coupled with rules published by the Treasurer. Always make sure you access the most recent information and get in touch if you’re in doubt. Let’s break this down into pieces: What is the intention of the legislation? The legislation aims to provide roughly 6.5 million Australian workers, eligible […]

How the ATO is Tackling the Black Economy

How the ATO is tackling the black economy with this living expenses questionnaire The black economy, or also known as the cash or hidden economy is a significant economic issue that affects all of us. It refers to both dishonest and criminal activities that take place outside of, or involves misuse or abuse of the […]

The basics of single touch payroll

What is Single Touch Payroll? We’ve all heard Single Touch Payroll being mentioned before. It originated around 2014 and didn’t draw much attention until it’s launch in 2018. Here’s a little bit of background information: Single Touch Payroll (STP) eliminates the need for employers to report employee tax and super info to the ATO every […]

How to drive business sales from your accounting data

How to drive business sales from your accounting data Accounting data is full of ‘stories’ and telling these stories can help you improve your business. An example that we see all too often looks something like this: A Business with Top Line Growth Goals… Nothing unusual there. Many businesses want to grow revenue to […]

Dental Accounting

Dental Accounting The job of a dentist is very different to what it was 20 years ago. The profession has evolved, expectations from clients have risen, new health care laws have been created. Digital technology has advanced and large student loans have impacted how dentists must work and run their dental practices. Since the turn […]

Medical accounting for doctors in Sydney

Medical accounting for doctors in Sydney Why do medical professionals such as doctors and dentists need accountants in this modern era of technology? Simply put; medical professionals who run small businesses need specialised accounting advice to successfully run their medical businesses. Bots (robots) cannot do the same job a specialised, educated, professional accountant can do. These […]

Why Entrepreneurs are Acquiring Properties

Why Entrepreneurs are Acquiring Properties Property investment and development isn’t a new trend. Investing in property and land has been a popular pursuit for decades because on the whole, real estate continues to appreciate in value. Entrepreneurs are seeing the attraction of acquiring properties more and more, both locally and abroad as the need for […]

How Doctors Can Reduce Financial Stress

How Doctors Can Reduce Financial Stress Surgeons and doctors are the heavyweights of the medical profession. Working with intense concentration for hours on end, it comes as no surprise that these professions are considered some of the most stressful in the workforce. Every day surgeons have lives depending on them which is why they are usually […]

Business By Design

Business By Design Most businesses are built by default – not by design. Very few businesses start ‘with the end in mind’ and design it from the ground up. Most businesses grow by default with people, systems, culture, clients, numbers, habits and attitudes. If you take a good hard look at your business today, is […]

The Four Most Common Financial Mistakes Made By Small Businesses

Four of the Most Common Financial Mistakes Small Businesses Make (and how to avoid them) with Sandeep Bhatt Many small business owners are entrepreneurs who went into business seeking freedom, a better lifestyle, more money or simply because they wanted to run their own show. Financial acumen is rarely high amongst the skills possessed […]

The Best Tax Advice For Doctors

Getting your business structure right- from the start with Sandeep Bhatt Why you need a specialist tax advisor? There is a specific tax law for medical profession. The Accountants with generic practice do not have time and resources to focus on special needs of doctors. With a specialist tax advice, a dentist saved $33,000 […]

Four ways to improve profitability

Where you should focus your attention to make sure you get biggest bang for your buck

Delegating tips to make your life easier

Delegating tips to make your life easier If you can free up an hour a day, you’ll create a month a year for yourself. If you’re a business owner, that could be a breakthrough thought. What would you do if you were able to free up a month a year? Perhaps you’d use it to […]

Dentist’s revenue jumps with one simple process change

Dentist’s revenue jumps with one simple process change Amanda started a modern and progressive dental surgery three years ago. She had grown the business from nothing, reaching breakeven quickly through word of mouth and then moving into profitability. But she felt there was so much more potential in her business. When her accountant suggested they […]

Grow Your Business With Efficient Systems

Grow Your Business With Efficient Systems Many small businesses are so busy running the business and fending off daily emergencies that systems go completely ignored and chaos often prevails. Efficient Systems Create a Better Experience for Customers and You The business that leads in the race for customers is the business that has all its […]

Systemize Your Business Before It’s Too Late

Systemize Your Business Before It’s Too Late Peter Bridges has a business which sells motor vehicle spare parts for a range of makes and models. The business has grown rapidly beyond Peter’s expectations and management abilities. He feels like he is on a runaway train and is desperate to streamline operations. He and his team […]

Hire For Culture, Train For Skills

Cultural fit is a concept that can be hard to define but everyone knows when it is missing. Simply put, cultural fit is the likelihood that a person will be able to effortlessly live your business core values and behaviours. If you assess cultural fit throughout your recruitment process, you will ensure you hire people […]

Marketing agency turns to cloud accounting to gain control

Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the financial aspect of her business and found that although sales were increasing, profitability was not. […]