the finance brokers – Page 5

Are you making money?

7 April 2025 No Comments

Determining if your business is making money requires a comprehensive approach to financial analysis. By examining your revenue and expenses, understanding your profit margins, evaluating cash flow, reviewing tax obligations, and implementing cost accounting, you can gain a clear picture of your business’s financial health. Regular financial reviews and strategic planning are key to enhancing profitability and ensuring the long-term success of your business. Collaboration with financial professionals, such as tax agents and accountants, can provide valuable expertise and guidance in these areas.

Understanding input costs

4 April 2025 No Comments

Understanding and effectively managing your input costs is foundational to the financial success of your business. By taking a strategic approach to cost management, regularly reviewing and adjusting your cost structures, and leveraging cost accounting tools, you can enhance profitability, support competitive pricing strategies, and ensure the long-term sustainability of your business.

Your NDIS business

3 April 2025 No Comments

Running an NDIS business requires a comprehensive understanding of the scheme, solid financial management, adherence to quality and compliance standards, strategic business development, investment in staff, and effective marketing. By following these tips, NDIS business owners can navigate the complexities of the scheme, improve their service offerings, and build a successful, sustainable business that makes a significant difference in the lives of people with disabilities.

Cash flow improvement tips

2 April 2025 No Comments

Improving your business’s cash flow requires a multifaceted approach that combines effective credit control, inventory management, cost control, strategic pricing, and smart use of financing. By implementing these tips, businesses can create a more stable financial foundation, enabling them to navigate challenges more effectively and seize growth opportunities as they arise.

Understanding your BAS

1 April 2025 No Comments

The BAS is more than just a tax requirement; it’s an integral part of managing your business’s financial and compliance responsibilities. By understanding how to accurately complete and submit your BAS, you can avoid penalties, manage your cash flow effectively, and keep a pulse on your business’s financial health. Always consider seeking professional advice to ensure that you are maximising your tax positions and meeting all regulatory requirements efficiently.

Using Fathom in your business

31 March 2025 No Comments

Incorporating Fathom into your business operations can transform how you manage and understand your financial performance. By leveraging its comprehensive analytics, customisable KPIs, benchmarking capabilities, scenario planning, and visual reporting, you can gain a clearer picture of your business’s health and trajectory. As a business advisor, I highly recommend exploring Fathom to unlock deeper insights into your business and drive strategic improvements.

Getting ready for tax season

26 March 2025 No Comments

Getting ready for tax season as a business client involves more than just gathering documents. By transitioning to digital record-keeping, you ensure that your financial records are organized, secure, and easily accessible. This not only facilitates a smoother tax preparation process but also positions your business for better financial management throughout the year. Remember, the key to a stress-free tax season is preparation. Start early, review your digital records regularly, and consult with your accountant to ensure that everything is in order.

ATO Payment arrangements

25 March 2025 No Comments

An ATO payment arrangement can be a vital tool for managing tax debts, but getting it over the line requires careful preparation, realistic financial assessment, and a commitment to compliance. By considering your financial situation, maintaining good tax compliance, and being proactive in your communications with the ATO, you can successfully negotiate a payment plan that works for both parties. Always consider seeking professional advice to ensure the best outcome for your situation.

Achieving the three freedoms

24 March 2025 No Comments

This article provides a comprehensive guide for business owners on understanding and achieving the three freedoms of business: financial freedom, time freedom, and freedom of choice. It highlights the importance of effective financial management, delegation and system efficiency, value alignment, and strategic planning in attaining these freedoms. These concepts are crucial for balancing personal satisfaction with business success.

Buying plant and equipment at auction

21 March 2025 No Comments

Buying plant and equipment at auction can offer significant advantages to Australian businesses, including cost savings and immediate access to a wide range of equipment. However, it’s essential to be aware of the risks involved, such as the potential for unknown equipment conditions and overbidding. By approaching auctions with careful planning, due diligence, and informed bidding strategies, businesses can successfully navigate these risks and secure valuable assets at competitive prices.