Posts by Kyle Crisp
Unlocking Financial Success: The Mindset Your Accountant Won’t Discuss
I’ve been in the ‘business of numbers’ since 1984, qualifying as a Chartered Accountant in 1990. 15 years into my career, I started to get a sneaking suspicion that something was missing.
Read MoreDemystifying Tax Deductions: Your Guide to Business Expenses
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.
Getting Ready for Your Tax Accountant: Tips and Tricks
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.
Read MoreWhy Accounting is Broken: A Better Approach to Business Finances
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…
Read MoreProfits Come from Curiosity: How Exploring Your Numbers Can Grow Your Business
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…
Read MoreMastering Cashflow Management for Sustainable Business Growth
Understanding Gross Profit Margins for Your Business
Unleashing the Power of Your Chart of Accounts
How to Develop Curiosity in Your Business Finances and Uncover Hidden Errors
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…
Read MoreProtect Your Business: Understanding “Cooking the Books”
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…
Read MoreLetting Go of Judgement: Improving Your Business Success
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!
Read MoreCreating Synergy in Your Business to Achieve More
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.
Read MoreEnsuring Accuracy of Your Financial Statements
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…
Read MoreKey Performance Metrics: Understanding What Matters in Your Business
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!
Read MoreOvercoming Accounting Anxiety: Understanding Your Business Numbers
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…
Read MoreMaximizing Your Business Profits Through Accountability in Financial Information
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,…
Read MoreDemystifying GST for Business Owners: A Comprehensive Guide
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…
Read MoreIs DIY Bookkeeping Worth It? Evaluating the Opportunity Cost for Small Business Owners
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.
Read MoreUncovering the Power of Numbers: 4 Secrets Your Business Numbers Reveal
They might just be digits, but numbers offer a wealth of insight into any business. They tell you how you’re going, where you’ve been and also allow you to set goals and plan for the future.
Importantly, unlike words which can be misinterpreted, numbers cannot lie. They are clear, they are obvious and using them should be a foundation for any business.
Selling Your Business? Here Are the Critical Numbers You Need to Know
Numbers are important throughout the life of a business, but perhaps never so critical as when it comes time to sell.
When presenting a business to buyers, numbers tell the story of what your business is, where it has been and where it could potentially go.
How to Overcome Your Fear of Accounting and Make Better Business Decisions
There are mountains of research on why we get a fear response to things. The fear response is that empty feeling in your gut, the racing of your heart, palms sweating, and the nervousness. Fear is as basic a human process as breathing and it allows us to escape and avoid threat.
Read MoreThe Perils of Leaving Your Numbers to Someone Else: Why Engaging with Your Business Numbers is Key
For the past 10 years I’ve been independently helping businesses make better decisions by providing unbiased and objective analysis of their numbers.
Read MoreMaximising Your Accountant’s Value at Tax Time
Many business owners think “I’ve done it all there’s nothing for them to do” but in reality, the accountant gets stuck sorting the garbage that comes from the false promise of Do It Yourself Accounting.
Read MoreSimplify your numbers – Is dirty data suffocating your business?
Whether you are a small business or a multi-million dollar business, your accounting data is the place where you find the pearls of wisdom that improve your decision making and propel you toward your goals.
Read MoreIs Your Profit and Loss Garbage? Ensuring Accurate Financial Reporting in Your Business
This video will help you to understand just how easy it is to have wrong information in your accounting system. Get into it as soon as you can – after all you are the business owner and you have a right and a need to know what’s going on!
Read MoreOvercoming Fear Through Financial Collaboration: A Real Business Case Study
The best thing about working one-to-one with my clients is finding ways to help them break down the unique barriers they have about understanding their numbers. In this video business owners can see that self-doubt is a common problem when it comes to business numbers. Who can you collaborate with to gain a better understanding…
Read MoreIs Your Accounting Software Right for You?
This video quickly explores the importance of the right accounting software – getting it right will save you time money and angst. Modern software advertising can be misleading. The most important aspect is enter once use often.
Read MoreUnderstanding Your Role in Business Accounting
Are you a business owner? How involved are you in your financial information ? Business will be better if you engage with your financial information and use it to make informed decisions. In this video I explain where you fit in with your accountant and bookkeeper. Don’t be deprived of the ability to use your…
Read MoreHow to Boost Your Business Success with Regular Financial Check-ins
Your financial information tells the story of your business! When you apply your curious mind to it regularly you can really improve your business. This video gives some insight as to why engaging with your numbers regularly will get you ahead in the game, improve your decisions and ultimately lead to a more profitable business.
Read MoreAvoiding Assumptions in Accounting for Better Business Insights
Every human is prone to assuming! In the whirlwind of everyday business it’s easy to assume your accountant has got your back. But have they? Watch this video for some insights on what’s important to discuss with your accountant – especially if your want them to provide forecasting for you.
Read MoreDemystifying Owner’s Wages: Tips for Small Business Owners
There is so much confusion about what an owner should get from a business – so I have put together some tips for you in this video. Whilst business should be separate from personal when it comes to your spending , they should not be treated as completely separate silos! Your revenue, your expenses, your…
Read MoreThe Ripple Effects of Misinformed Decisions in Business
It’s important to think through decisions about saving money in your business – I n this episode I share some insights into unintended consequences of cost-cutting – Those savings cost the businesses in question so much more than the money being spent in the first place. It always helps to talk through the consequences of…
Read MoreUnderstanding Financial Advice for Your Business
Financial advice means different things to different people. It is also very regulated. Business owners need help to understand many financial aspects of their businesses but rarely know what questions to ask. This video gives some insight as to what you might ask your professional.
Read MoreMastering Reconciliation for Accurate Accounting and Informed Decisions
Reconciliation is an essential tool in accounting. We should regularly check our records to the source to be sure our financial statements are correct. Unless they are correct we are deprived of making appropriate decisions.
Read MoreThe Importance of Your Balance Sheet
Your Balance sheet is an important source of information for the business owner and it may in fact be quite incorrect. If it’s incorrect so is the Profit you are reporting. This video gives a quick overview of the things you should expect to find on a balance sheet and the importance of checking the…
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