DIY accounting vs hiring an accountant: make the right choice for your business

When starting a small business, it’s tempting to manage your own accounting to save money. Hiring a professional accountant or tax adviser can be seen as an avoidable expense. But is handling your own financial management really the best choice for your business? Let’s examine why partnering with an experienced accountant might be a smart […]

2024–25 Federal Budget Highlights

The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. Described as a “fiscally responsible Budget aimed at alleviating current financial pressures,” the Treasurer has projected a surplus of $9.3 billion for the second consecutive year. The government’s primary focuses, outlined in the Budget, include […]

5 common accounting mistakes (and how to avoid them)

Embarking on a business venture entails grappling with myriad challenges, particularly in the realm of financial management. For those not well-versed in fiscal intricacies, navigating the complexities of bookkeeping and accounting can be formidable. Despite the availability of modern accounting tools, the potential for inadvertent errors persists. What are the common accounting pitfalls encountered by […]

Leveraging In-Depth Financial Data for Informed Business Decision-Making

As a business owner, making optimal decisions is paramount. Strategic spending, revenue management, and cashflow analysis deeply impact long-term success. Utilising financial data is crucial for maintaining a competitive edge. Here are five benefits of real-time financial insights: Unlock Your Financial Data Potential: Upgrade from basic metrics to comprehensive insights with customised dashboards and reporting […]

Safe Guarding Your Employees and Customers

Worldwide, approximately 340 million occupational accidents and 160 million work-related illnesses occur annually, presenting alarming statistics for business proprietors. As an employer and business owner, ensuring the safety of your workforce and clientele is paramount. Failing to do so can have significant ramifications. In the unfortunate event of an employee or customer sustaining an injury […]

Tax Planning helps you do more with your money

Strategic tax planning is essential for small businesses looking to efficiently manage their finances and legally minimise tax liability. It involves proactively planning ahead to ensure you only pay the taxes you owe, and no more. Working with your tax adviser, you can identify potential deductions, credits, exemptions, and strategies to optimise your tax position. […]

Mastering the art of networking: strategies to excel in building connections

Running a business can be challenging, but the journey doesn’t have to be solitary. Whether you’re a founder, owner-manager, or CEO, navigating the entrepreneurial path is made easier through networking with peers, fostering connections, and uncovering new business prospects. Enhancing your networking prowess involves becoming an integral part of the broader business community. It’s not […]

8 ways to save time (and money) in your business

Like everyone, business owners are always looking for ways to save time. Every minute spent on admin or fixing mistakes is a minute that could be spent on business-building work. When time really is money, it’s worth finding ways to reduce those tedious and repetitive tasks – and technology is the answer. 1. Better billing […]

Book a tax planning conversation with us today

The days of deciding on a tax strategy at the start of the year and then forgetting about it are gone. As taxpayers and tax advisers, we both have to be nimble, flexible and aware of changes. That’s why regular tax-planning sessions are so important. The need for regular tax-planning conversations As your accountant and […]