Cash is Queen: The Financial Crown
n the wild world of business, we’re no strangers to the rollercoaster of economic highs and lows. It’s a thrilling ride, no doubt, but it can also bring some serious cash flow challenges for our beloved small to medium-sized enterprises. Today, we’re diving headfirst into the art of cash flow planning, and we’ll uncover how our trusty accounting systems can be our ride-or-die partners during these exhilarating yet tumultuous times. Will will be spotlighting Xero, but the principles we’re about to lay down are just as transferrable to MYOB and QuickBooks.
Everything you need to know about “Director ID Numbers” (DIN)
If you’re a director of an Australian registered body, or a director of a foreign company registered with ASIC and carrying on business in Australia (regardless of where you live), or you wish to become a director in the future, you’re going to need a DIN.
5 reasons finance isn’t just about “tax time” and why your business needs a Finance Business Partner
Your business is growing. There are not enough hours in the day. While you spent an hour trying to work out why your bank balance didn’t reconcile or building a spreadsheet that models different ‘cost prices’ against different suppliers. Could your time have been better spent doing something else? Developing new products or services, sales or just getting some well earnt Netflix (or sleep) time?
How to Transition From Sole Trader to Company (Without Screaming!)
Alright business superstar. Yes, you over there, the one with the business that’s ready to put on its big boss panties and become a… wait for it… company! Yes sista, it’s not just you anymore. You’re levelling up and doing the bad b*tch work that’ll send your business to new heights. Goodbye sole trader, hello company. This is the business structure equivalent to a big flashing neon sign that says ‘level up’. You’ve made it, now let’s do this – scream free.
Do You Need an Accountant as a Sole Trader? (Yes, You Do!)
You’ve got your business pants on, you’re firing out invoices or applauding in sales notifications like a pro, you’re working on your own schedule and taking no prisoners when it comes to crushing it. Yeah baby, you’re in business. But wait, what’s that? Oh tax time is coming? Yuhuh it is. So, hey you. Yes you there, superstar sole trader. Have you partnered with an accountant that gets you, or are you facing tax time alone?
Do you need a financial coach?
Is your business ready to get to the next level but not quite sure how to navigate through all of the financials? Or are looking for investors and need to fine-tune your finance processes, streamline to make sure everything is 100%? You may need a financial coach.
Our top 5 tips to increase your cash flow
Have you started your own business, and money is flowing out faster than you like? Or you can’t seem to get on top of your bills?
We saved one of our new clients $20K in tax in one year and here’s how!
We just lowered a clients GST bill by A LOT (like, over $20k). It turns out their old bookkeeper didn’t realise the ATO ruled Facebook Ads did have GST in 2018. Did you know that?
What business structure is right for you?
Ok, so we know talking about business structures can be a bit boring…hello are you still awake? But seriously though, we wanted to give you guys the facts about different business structures, the pros and cons to help inform you of which may suit you and your business a little better.
5 things to check before June 30
Ok, so the clocks ticking, and before you know it, it’s tax time again, and your accountant is hassling you for so many things you don’t even know where to start.
