Social Media – it slowly starts to consume your life (if you let it). But as a professional serviced based Financial Coaching, Accounting & Bookkeeping business, I need to remind myself that I am not “in the business” of social media. “Social media is a tool. A tool I can choose to use, or a tool I can choose to ignore.” I think a lot of business owners (**disclaimer –… Read more
Each time I meet and gain a new client – we work on a plan. A plan to address their financial problems, financial fears, accounting, bookkeeping and business strategy issues – whatever is relevant. Often we draw up a weekly checklist – advising clients of specific tasks to do, things to be aware of and items to check – to eliminate the overwhelm. By facing their fears andgetting on top… Read more
As an accountant, fraud, and in particular financial fraud, really pisses me off. You see when you run a company you have obligations – morally and ethically, as well as financially and legally. “You can’t put your head in the sand and say “Sorry – I had no idea”. That just doesn’t cut it as a company director.” So when I read this article from Smart Company today about the… Read more
Often as business owners we are so focused on the “now” that we don’t think about the future. We don’t consider the “what if” as we can just do it all and be it all – so we carry on in the same manner….until disaster strikes. And then reality hits, we realise we can’t do it all – and you ask yourself “Have I Hospital Proofed my business?” What am… Read more
EOFY Payroll is easy right – I mean your accounting software does it for you so what have you got to worry about? A few clicks of a button and payment summaries are issued to staff. Done, feet up and champagne cracked open. But wait…. “If you don’t understand payroll and accounting terminology chances are your payroll is incorrect – FACT.” I know what you are thinking….my accounting data file… Read more
What does SaaS mean to you? Traditionally, it means Software as a Service. So generally the software is a subscription type model, where the user usually uses the software via a web browser. Now I have no issues of this type of product – my business wouldn’t be where it is today without cloud technology and the ability to work remotely. Especially as the three main types of this service… Read more
As an Accountant, Financial Coach and Cloud Accounting Guru to start-ups and entrepreneurs, I often see clients come to me after 30th June filled with stress, anxiety, fear and embarrassment. “It doesn’t need to be this way.” So, instead of heading into the end of financial year in a frazzle, follow our simple checklist to being organised. It will make the tax return process so much smoother and easier, and dare… Read more
It is 2016 and if you are not an agile business, you will simply get swallowed up by your competitors before you have a chance to adapt. Times are changing – and so are your surroundings. But are you aware of what is happening? Business owners are becoming far more savvy, their expectations are much higher and technology is moving at a rapid pace. So where does an agile business… Read more
Unpaid staff sound great, but have you thought for a minute about the implications from a business, accounting, tax and legal perspective? I know, I know – starting a business is hard work. Cash flow is ….well….often non existent, so advertising for a volunteer role, or an unpaid role, unpaid staff (or any other variation of those terms) does sound like a solution to all your problems. Hallelujah. But… Read more
I hate being taxed twice – I am going to write to the Government and give them a piece of my mind about GST and income tax. Yes – this was a comment from a recent (*new) client of mine who was still coming to grips with being a new business owner, being registered for GST and then paying tax via his “full time” job at the same time. … Read more
The 2016 Budget creates hype, excitement and a mad rush of spending…..but first lets make sure the rules actually apply to you. Last night the treasurer delivered his 2016 Budget and naturally, economists, accountants, business owners and politicians are all in a tizz (me included). But first things first, let’s break it down and take a look at the important announcements and how they may (notice I say may) relate… Read more
Isn’t it funny how we automatically assume a successful woman in business who is also a mum MUST have “mothers guilt” for working hard and assume they are missing out on quality time with their children. Recently I attended an event run by BSchool in Melbourne where the speaker was Carolyn Creswell from Carmen’s Muesli fame. I have always wanted to hear Carolyn speak – but our diaries never seemed to align… Read more
Stacey Price accountant Today in a Facebook group I am part of, we were asked if we were to go back to Day 1 of running your business what advice would you give yourself? “And it got me thinking – what would I tell myself – now that I know I am not a “traditional” accountant?” I mean, when I started my business it all kind of happened overnight. I… Read more
Earlier this week I got into a bit of a “bun fight” within a Facebook group as I tried to show people how their contradictions about outsourcing effects small business in Australia. Sadly it was clear I was in a minority – but that doesn’t mean I will change my views. Sadly I also think people will learn the hard way – costing them time and stress. Yes, the age… Read more
You don’t want a rogue accountant on your team…you want someone you can trust – with knowledge, experience and a lot of credible advice and care. Here is something I wrote which was published on Smart Company earlier this month…no Rogue Accountants at Healthy Business Finances. For original article, click here. Many small business owners and entrepreneurs understand the benefits of leveraging outsourcing to scale their business. Smart business owners… Read more
Clker-Free-Vector-Images / Pixabay Dear Mr JB Hi-Fi Firstly, congrats on a great range of laptops in your Airport West store. You see, this week my laptop decided to go to laptop heaven. So, in a mad Friday 3pm dash I did the rounds of technology shops. To be honest, I really don’t understand computer specifications, so I need to ask for advice and get help (and try not to get… Read more
When you work in a service based industry, part of your life becomes focused on what you have quoted for a job and what it actually costs you. Well, let me rephrase that – it should be focused on that. Fixed prices, monthly packages, paid upfront, deposits collected or a combination of all of these – if you are not accurately looking at and recording costs per job, you business could… Read more
Who needs a Festive Season Financial Health Check?? Personal finances are typically top of mind for people during the festive season. Christmas is often linked to a rise in household debt and “spend less, save more” is usually among the top three resolutions made (and broken) each year. Business finances, however, rarely get a look in. Business owners generally don’t reflect on their business’s performance or financial health until the… Read more
You will know when you find your perfect accounting software match. And when you find it, that one is a keeper.
The Balance Sheet is not a scary report. Make it your friend, and it will give you great cash flow insight into your business. Who wouldn’t want that?