tips

Tag: tips

Don’t pay tax on your Christmas party this year with our FBT hangover cure!

Cutting your tax bill for this year's Christmas Party can be accomplished simply by having your bash on business premises as opposed to an ...
Phoenix company

Director identification numbers to mitigate illegal phoenixing 

The Australian Business Registry Services (ABRS) has introduced director identification numbers (director IDs) to cut down on phoenix companies (liquidating a company to avoid paying ...
employee performance

How to manage poor-performing employees

Human capital is often the biggest cost to a business. Employees must perform at their best for your business to succeed. But what if ...
bread

$31.65 for a loaf of bread baked at home

An article in the ABC demonstrates that whilst you may assume that baking bread at home is cheap, if you put a price on labour, a ...
unhappy

Unhappy with Your Tax Refund?

Taxpayers are often unhappy with the size of their tax refund, believing it should be bigger. Sometimes the taxpayers are right and they are ...
Referral Network

How to Build a Referral Network

Word-of-mouth referrals are the number one method professional services firms get leads and gain new business. As 82% of business owners use referrals from ...
referal accountants

How Business Owners Search for Accounting Services

Australia has 2.2 million businesses with the average business owner being over 50 years old, and 84% over 35. The over 35 business owners ...
shop front tax practice

Shop-Front Ground Level ‘Vs’ First-Floor Accounting Practices

We often get asked as to what is the percentage of walk-ins for shop fronts compared to say first floor or upper-level offices when ...
client retention

Client retention

Client retention is really any activity that a practice undertakes in order to reduce client losses. Client retention is about exceeding the client’s expectations so ...
the trouble with debt

The Trouble With Debt

The three ways accountants can get in trouble with debt financing their practice are: Using short term debt to make long term investments. Doing ...