7 Warning Signs Your Business is in Financial Distress

It’s always a shock to see a seemingly successful company go under, but this doesn’t just happen out of the blue. There are always warning signs, and the survival of your business relies on you being able to recognise them. The sooner you can spot financial trouble, the sooner you can start working on aContinue reading “7 Warning Signs Your Business is in Financial Distress”

How Accountants Can Save Your Business a Fortune

Accounting is a crucial part of every Tradie business, from start ups to national corporations. You can’t ignore your accounts, and doing so for even a short period of time can damage your business. However, accounting is complicated, and mistakes can be costly. Hiring a professional accountant can save you a huge amount of timeContinue reading “How Accountants Can Save Your Business a Fortune”

Four Ways Tradies Can Reduce Costs and Boost Profitability

Not sure why your bottom line isn’t pretty? Sometimes, overspending can hurt your profitability despite your record sales. Profitability doesn’t only come from sales numbers. And a profitable business isn’t always the one with the most customers and the highest sales. The sign of a business profitable depends on what’s left in the bank atContinue reading “Four Ways Tradies Can Reduce Costs and Boost Profitability”

Quick Ways for Tradies to Improve Their Financial Performance

If you want to improve the financial aspect of your trades business, start with smart changes that will bring you great results. Even when Tradies is doing well, there’s always room for improvement. Especially if you want your business to make more money or have better cash flow. Here are three quick ways to improveContinue reading “Quick Ways for Tradies to Improve Their Financial Performance”

6 Steps to Create a Realistic Business Budget

Your business needs a budget but when you’re starting out it can be tempting to skip this step. That would be a mistake, because a budget is a powerful tool to ensure the financial health of your small business. A realistic budget enables you to make confident financial decisions and save money for future investmentContinue reading “6 Steps to Create a Realistic Business Budget”

10 Reasons Why I love Xero & You Will Too..

Prospective clients ask me why they should consider Xero, as I recommend it every time someone is not using Cloud Software (why are people making their lives so hard???). Since I can’t speak with everyone I thought I would make list….It could be longer, but I relented. 1. Simple to Use – user friendly &Continue reading “10 Reasons Why I love Xero & You Will Too..”

How to keep your small business alive

Well the good news is that the Reserve Bank has told us the recession period caused by the global pandemic is largely over and the Australian ecomomy is slowly growing, even with Victoria’s lockdown, which has now lifted. So the worst is past, but you still need to survive. Cash flow is the life bloodContinue reading “How to keep your small business alive”

GST Basics for Small Business – Should I register for GST ?

This is a question asked by small business owners everywhere, should I register for GST ? In Australia, any one conducting a business with an ABN needs to register for GST (Goods & Services Tax) if their annual turnover is over $75,000. Under this, registration is voluntary. Why would you volunteer for taxes????? Well, thereContinue reading “GST Basics for Small Business – Should I register for GST ?”