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?
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.
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?
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.
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 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?
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.
I think we can all agree that financial success gives us the freedom to live and work on our terms. It may be time to rethink not just..