Edition 136

So now that you have improved your business’s profitability and you are running a positive bottom line (Newsletter - Edition 134), let’s talk about cashflow and funding.

Did you know that you can run a highly profitable business but have no spare cash OR you could run a low profit business yet have lots of spare cash. As always life is about balance, so let’s start with the basics…

Edition 135

With the new financial year screaming towards us much quicker than we expected, so does a number of changes to superannuation contribution amounts and the individual tax rates. Below we have outlined these changes and how you may be able to leverage them to your advantage.

Edition 134

Do you currently run a business or are you looking to buy or establish a business? If so, one of the most important skill you need to have is to understand your businesses drivers and know what levers to pull to increase your businesses profitability.

Edition 133

Have you ever heard Warren Buffet’s wisdom “if you don’t find a way to make money while you sleep, you will work until you die.”?

Well… the heading might be catchy, there aren’t too many quick or easy ways to do it BUT we do have a few helpful tips to get you started. Welcome to some insights and thoughts on the wealth making journey.

Edition 132

Another year went by in a Flash. In this newsletter we wrap up 2023 and give some hints into what we have to offer in the new year.

We can already hear the cries “What?! We are already taxed enough. Why do we have to pay more??” Unfortunately, as the old saying goes – taxes are one of the two certainties in life.

Division 293 Tax (or Div 293 for the cool kids and your Accountant) was introduced as a way to even the playing field between high and low income earners when making contributions to superannuation. Below, we shed some more light on what Div 293 tax is, when it applies and how it is calculated.

Edition 130

It can be tricky to navigate all the different scenarios and what should and should not be claimed. For this reason, we’ve developed a resource which helps us determine what we can claim when processing our clients’ transactions and as a business ourselves.

Edition 129

If I am making a profit where has all the cash gone? This is a question that we get asked a lot. The answer is usually simple but can be hard to explain and understand. So hopefully what follows will answer some of your questions and help you to understand your business a little better.

Edition 128

It’s unfortunate, but inevitable, that everyone goes through difficult times at some stage in their business journey. Sometimes this is due to things that could have done better or differently. But other times it’s due to circumstances outside of your control.

However, when it does get difficult, it’s important that you have good people around you to help guide and support you through.

Edition 127

Each month our team works hard to put together a newsletter for our clients and community. But for this newsletter article we have decided to put ChatGPT to the test and asked it to write an article essentially on itself. This was to show the power of ChatGPT and AI. While the information is certainly detailed we do think it also shows that AI cannot replace the passion and human element that we put into each of our newsletters.

Without further ado, ChatGPT, show us what you got!

Edition 126

As accountants we’re getting our fireworks ready to celebrate the end of another (financial) year. 30 June is our New Year’s Eve, and when we prepare to reset our calendars to say ‘2024 Financial Year’. But before we take the leap, here’s 5 things that can help you start the new year right.

Edition 125

On 9 May the Federal Labor government announced their 2023/24 budget. In this article we are going to give you a wrap up of the budget announcements we feel will impact our clients the most.