Category

Starting a business

Directors Responsibilities

With great power comes great responsibility – Directors Responsibilities

By | Company, Compliance, Starting a business, Structure | No Comments

There is a classic saying that goes: “With great power comes great responsibility”. When it comes to life in the corporate world, that famous old quote rings true for company directors. Generally speaking, members of a company are commonly referred to as “shareholders”, and they own the company. Directors, on the other hand, are responsible for the management of the company’s business activities. As a director, you hold a high level of power when it comes to making these big decisions on behalf of the…

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The biggest mistakes made by new businesses

By | Starting a business, Strategy | No Comments

From poor business planning to dropping the ball on your cash flow forecasts, we reveal a range of common mistakes your new business needs to avoid. It’s a confronting fact that most new small businesses fail within the first five years. This, in large part, is due to a lack of proper planning, poor business structure and the absence of professional business advice. While it’s natural for new businesses to focus on creating a quality range of products or services in order to attract and…

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5 things your accountant should be doing for you besides your taxes

By | Business Improvement, Starting a business, Strategy, Tax Planning, Taxation | No Comments

If your accountant is just a tax-time paper pusher, you are missing out on a range of opportunities to grow your business. In addition to filing your tax return and BAS statements, your accountant should be acting as a trusted advisor, delivering valuable advice across business functions to help improve your profits, reduce your costs and streamline your business. Your accountant should be available to you year-round, know your business inside out, and offer regular advice that assists you to improve your profits and grow…

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Why Cloud Accounting is Good For Business

By | Accounting Software, Cloud, Starting a business | No Comments

If you want your business to work smarter and faster, cloud accounting software is a wise investment. Working in the cloud will give you better insight into and overview of your finances, and improve collaboration with your team. Accounting software shouldn’t be a chore to use Small business accounting software that’s not available via the cloud can be tedious. Traditionally, it can suck up far too much of your business’ time and effort. This doesn’t add value, and takes the fun out of being in…

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Considering a Franchise

By | Franchise, Starting a business | No Comments

At one time or another, many business owners and operators consider – however briefly – the idea of either franchising their operations, or buying into an established franchise business. As accounting advisors to small and medium sized businesses alike, we are often asked about the pros and cons of both these options. Taking on a franchise can seem pretty attractive compared to starting a business from scratch and in the last two years, the number of franchise systems operating in the Australian business market has…

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