Category: Videos

What is tax deductible

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.

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Getting ready for your tax accountant

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.

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Accounting Is Broken

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 […]

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Profits come from Curiosity

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 […]

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Cashflow

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What is my Gross Profit?

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What is my Chart of Accounts?

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Get Curious and Discover Errors in your Financials

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 […]

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Could someone be cooking your 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 […]

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Is judgement getting in the way of 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!

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