Business Advice
Managing Cash Flow: Using Financial Statements to Stay Ahead
Cash flow is the lifeblood of every business – no matter how profitable it looks on paper. Many small and growing businesses stumble not because they lack customers or revenue, but because they don’t manage their cash flow effectively. The good news? Your financial statements hold the clues you need to stay in control. …
Read MoreHere are key reasons why profit is more important than sales for small business owners:
1. Profit Pays the Bills — Sales Don’t Profit is what’s left after all expenses are paid. A business can have high sales but still lose money if costs are too high. Profit ensures you can meet your expenses, pay yourself and reinvest in the business. 2. Sales = Vanity, Profit = Sanity High sales…
Read MoreWhy Keeping Your Business Records Up to Date Really Matters
Running a business is busy work. There’s always something more exciting (or urgent) than sitting down with receipts, invoices, and spreadsheets. But from an accountant’s point of view, keeping your records up to date is one of the smartest things you can do for your business – and for your own peace of mind. What…
Read MoreWhy Separating Business and Personal Finances Isn’t Optional— It’s Essential!
When you’re in the world of running your own businesses, its easy to get lost when drawing the line between business and personal money matters. Whether its using your personal account to cover a business emergency or even when a dinner receipt goes on the business card, it can seem harmless at the time –…
Read MoreEssendon Accountant | Searching For Accountant Near Me
Essendon Accountant Accountant Near Me Essendon accountant or accountant near me are the two of the three most common searches on the Internet for an accountant in the Essendon area. The third most popular search is accountants Essendon. The TJD Accounting Services website should provide you with all the information you need on our tax…
Read MorePractical Business Advice That Works
Business Advice Your Business Activity Statement Are you lodging BAS returns on time? Most businesses need to lodge their business activity statement, (BAS) each quarter (i.e. 1st July to 30th September). Your BAS returns due date depends on whether or not you do it yourself or use a tax agent. However we find that completing…
Read MoreSuperstream Compliance Update
ATO and SuperStream Compliance The Australian Taxation Office has extended the SuperStream compliance deadline from 30th June to 28th October 2016 for small businesses. To recap, SuperStream is electronic payments for super that pay many funds in one transaction. All that is needed from your employee is: Tax file number Employees super fund ABN Unique…
Read MoreKeep Customers Happy And Have Extra Money In Your Pocket
Small business outsourcing Can you afford not to outsource some of your small business activities? Have you aligned your products and services to the way customers are now buying? With the introduction of the web and its ever changing landscape customers now expect products and services to be aligned to them and their needs. …
Read MoreNatural Disasters And Your Finances
Small business and natural disaster preparation Small business and natural disaster preparation is something that should be in your business planning. Generally, our office houses all our important documents right down to our children’s first teeth. All easily accessible at any time we may need those records. What would happen though if disaster struck…
Read More10 Tips To Starting A Small Business
Thinking of starting a small business? Before you even consider these 10 tips to starting a small business. The absolute most important thing to do is stay calm and neutral. It’s very easy to get carried away by excitement and ignore the in your face warning signs that something isn’t right. With close to half…
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