How to understand Your Breakeven Point
Calculating your business’ breakeven point is essential to understanding how much money is required to continue operating a viable business. This can help you make well-informed financial decisions and practical business plans for the future without causing strife. In short, the breakeven point is the income or sales needed to cover all costs. Any earnings […]
Are you looking for business funding? We can help.
Top tips for successfully securing funding for your business The key enabler for success for many startups and small businesses is securing funding. Even with the growing support around the world for investing in entrepreneurs, many businesses still struggle with the preparation required when applying for funding. Here are our top tips: Network – get out […]
How an Accountant Supports Your Business Development
Accountants don’t just look after the financial side of your business. With our expertise behind your business development, we can help you turn your strategic ideas into real success stories. #businessdevelopment #BD
Are You Suffering from Business Burnout?
The last two years have been demanding and exhausting for many business owners. Are you one of them? The challenges have been relentless, and we know many small business owners have had to navigate unprecedented demands because of the pandemic and related government regulations. Burnout results from long-term stress and can manifest in emotional and […]
Are You Telling the Right Customer Stories?
With so many different marketing and sales channels to pursue in the digital world, it’s easy to think that your prospects and target customers know exactly what your business does. However, you need to consider whether you are getting the right messaging out there, and whether you are using the right channels to talk about […]
Would you like to be paid faster? Try these tips
Xero’s Small Business surveys show that almost half of invoices are paid late. Late payments are one of the most frustrating things a business can face. Here are 6 tips to get paid faster. Review and adjust your payment terms and pricing – Think about how much time you give customers to pay you – can […]
Wellbeing in the Workplace
Supporting and promoting health and wellbeing in the workplace is important for staff and business owners alike. Providing a physically and mentally healthy workplace is beneficial for all who work there, as it reduces staff absenteeism, increases productivity and makes the workplace more enjoyable. If you are an employer, workplace health and safety laws require […]
Cash is Not Profit and Vice Versa
The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow. Net profit is what you have left after you deduct all your business expenses from all your revenue. You change net profit only by changing the things that affect revenue and expenses. For […]
How’s the forecast looking for your business?
Whenever we’re going on holiday or have plans for the weekend, we always check the weather forecast so we can plan accordingly. It’s no different in business. The forecast tells us if there’s bad weather (poor cashflow) in store based on the direction we’re heading. Your forecast will tell you: If you have enough sales […]
Key points in the Federal Budget 2021-2022
The Federal Budget 2021-22 has many announcements and proposals aimed at economic recovery and includes investment in jobs, essential services, business incentives and tax cuts. Budget Highlights for Business Temporary full expensing measures extended until 30 June 2023 – the time frame for eligible businesses to claim an immediate deduction for the total cost of depreciating […]
