Archive for November 2021

Today we’re going to be talking about tax deductions. Is something tax deductible, or is it not?
There is so much conjecture around this. We’ve got to understand that. In fact, the tax legislation is simple. BUT it has complex carve outs.

When getting ready to pass your information on the accountant for preparation of tax returns, you can save heaps of time and money by checking a few key things.

Accounting can be many other things. It’s about collaboration between the numbers and your mindset about your business. It’s about collaboration between an accounting type person, and you the Business Owner, because without collaboration, you can’t use the numbers to get better outcomes from your business. Use those numbers to tell you what’s working and…

Many business owners avoid their numbers and leave them up to someone else. When you do look at your numbers regularly you can find opportunity to improve your profits! If you are a beginner ask your accountant to walk you through your numbers the first few times. Unfortunately, many accountants don’t have time to help…

To make more money, find out more about how to read your Profit and Loss Statement and Balance Sheet. Numbers can lie if the decisions made about how they are allocated are misguided. Luckily you can drill down into your information to see what’s behind it and get a feel for whether it’s being correctly…

Are you a business owner that isn’t really sure about bookkeeping? Well you certainly are not alone. The problem is without a base understanding of what ” doing the books” is all about you may be leaving money on the table! To help you to understand, I explore some of the terminology of the past…

To better understand our business we need to get our numbers and Judge them – we label, define, evaluate and analyse to get better results. However, if we do that to the people in our lives, our relationships suffer and in turn our business often suffers. Let these tips make your business life better!

Business is so much better when you get two or more heads together to curiously explore. That’s called synergy! Let me help you to get more out of your days with these tips.

I’ve found that time and time again, business owners who don’t necessarily feel in control of their finances DO in fact have a strong gut instinct when something isn’t right. Having a clear understanding of some key areas of your finances can help you replace this feeling of general unease with the ability to detect…

The success of business is not measured by sales or turnover. It is measured by Profit. Sometimes the profit isn’t clear either – Liz unpacks some of the things to consider when working out your true profit to see if your business is successful – by your definition!

Are you one of the many business owners that is a bit scared of your Accountant, Bookkeeper, Financial information etc? Well you are certainly not alone. Let me assure you with the tips in this video and a little belief in your self you will be on the way to using all this information to…

For small business owners, understanding who’s accountable for what tasks and outcomes in producing timely and accurate financial information is key to maximising your profits. That financial information tells the story of what’s going on in your business. It’s no good to you if it’s incomplete, not read or just plain wrong. To help you,…

GST is a confusing subject for many business owners. Every business is unique so the rules must be applied carefully. As a business owner you only need to understand the way it applies to your business. Don’t be distracted by how it works in someone else’s business ! To help you I have outlined how…

There are many areas of business that are tempting to do your self. Consider the opportunity cost of doing the things you are not expert at I share some examples in this video. Reach for a free strategy session and I can look over it with you.