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