Our Blog

Inflation and Why You Should Raise Your Prices Now

Is inflation under control? The Reserve Bank of Australia AND the Australian Government like to think so, and the general public also want it. But is this RBA goal achievable? The short answer is no. The politically correct one is yes. This means you need to show... read more

Pandemic forces local business preference

Pandemic has grounded people use local business and buy Australian The global economy let us down, Being from Broken Hill  we were taught to buy local. Buying local means Profits are kept local This allows employment in town creates more jobs Locals are better... read more

How to succeed in business

Plan or opportunity Based on skills and knowledge be patient, they come along. Reevaluate business every 3 to 6 months make changes. Discuss accountant Action not meetings: Meeting ego driven and people don’t listen save the time. Encourage truth from Staff You want... read more

Budget spend benefits Government not Small Business

Is it a rock, mountain or speck dust. In this case its speck dust because that’s how quickly it disappear. A Golden opportunity missed on productivity that’s were money should gone to get Jobs in that sector, Cars, Submarines, Rockets and Tanks, we need Australian... read more

Job Keeper ending – What small business need to do now

Job keeper ends on 31st March. It has been huge success for small business. Given it’s expected 200,000 jobs might be lost, and Bill Gates said it will be long into the year 2022 before its normal, it is too early to stop it. Sure I know we can’t afford the argument... read more

Accountants And More supporting women in business

Celebrating International Women’s Day 2021 Celeste is an award winning mentor that has been a strong supporter, on getting more women back into business and work. Celeste has been working within Accountants and More for over 20 years as Director and the Operations... read more

Small Business Tune Up

Recent challenges faced by business include: Corona virus (loss demand) Defeat Trump (Opportunity revivals’ Wall St lost) Slow moving Morrison  and Boris Johnson governments on industrial relations. (no cuts labour cost or electricity industry uncompetitive) This... read more

Start planning now

Wow! What a year 2020. This doesn’t automatically mean it will get better this year in 2021. But start planning now, the best tool is the “Ho Shin the principles” I was involved in Ho Shin projects years ago, and saved in excess of 150 million dollars. It’s a second... read more

Why you should support local business

It’s always been best policy to support local business, it’s got a whole lot better to support them in recovery. They create local jobs in your area and money stays in your community. Make sure you buy goods services made locally Don’t go cheap or overseas remember... read more

Ban Cash bill 10,000 sinks

The Government bill: To ban all cash transactions above 10,000, making it a criminal offence to assist the ATO’s drive to get rid of the cash economy has effectively been sunk. Given the Virus and recession there wasn’t much appetite to pass it. It’s been delayed, but... read more

Job keeper payments

If not getting job keeper payments make sure you get to see your accountant a lot more people are getting it especially with the extra 7 alternate tests. It’s possible we might get double dip recession so it makes it hard business who doesn’t get it. Of course you... read more

Review Review Review – best defense in downturn

Make no mistake best defense for downturn is review operation every 3 months look at all aspects. Marketing Pricing Operation Financial Personel   Do forecasts be realistic if sales falling work on that don’t fool yourself. Excel is perfect tool. In business you... read more

Jobkeeper2 are you eligible – many are

Look Job keeper 1 was easy they made job keeper 2 more difficult while some test are similar the 30 percent fall in turnover it applies to a tighter period range a three month block rather than any one of three months but on the positive it allows alternate tests... read more

The Good Guy

Sadly of late it’s been brought to our attention of Competitors using fear and underhanded tactics to give you high accounting bill that you don’t need. They are: Charging large fees for access to online cloud accounting and clients being hit with a large end of year... read more

Regulation stopping small business

The Abbott government was the first government to reduce regulations for small business since the early Fraser Years. We have had 35 years of more regulations by the federal government. Little or any thought is given to reducing such. Although the Abbott government... read more

BUSINESS SET TO BOOM

Conditions are building for a perfect storm in business in Australia, although some risk exists. Conditions favoring small business at the moment are: Lowest interest rates ever business has possibly the lowest rates in a very long term making loans easier to pay... read more

Leadership Secrets never before declared

What make a leader we have had many famous leaders from Julius Caesar to Robert Menzies. What did they have that made them leaders? Presences when I got taken through old parliament house an old hand told me that there was only two Leaders, Ming the merciless and Paul... read more

Turnbull to date

I thought I would give everyone an update on Politics as i have seen a lot of articles on Australian politics to be honest with little substance and high in emotion. Firstly I have always followed Politics having done it at University so I’m well-read and ran a radio... read more

Will Trump boost small business in Australia, probaly

It might surprise everyone but trade between the two countries has increased dramatically… The last decade has seen a massive increase in two way investment. Export to US for goods were $13 Billion and $7 Billion for services, in 14/15 year. US is the biggest... read more

Negative gearing still the way to go

Tax laws favour two things in Australia: Dividend Imputation and Negative gearing Negative gearing is best applied to real estate so you have both working for you that is tax benefits and real property growth. It’s often said real estate doubles every 10 years but of... read more

How to succeed in Business

Starting out today what’s my advice Make sure you have a good accountant, solicitor and bank manager. A good accountants worth 15%. Do Budgets every year and update them with every change. Ensure your financials are done quarterly. Make sure your product or service is... read more

Companies tax to reduce, Individuals to increase

Taxes fell in the GFC due to the collapse of many business worldwide. Prior to the GST Company’s paid 5% of GDP in taxes. Due to Globalisation and profit shifting this has fallen to 4.6% of GDP. The GFC clearly put pressure on business and its reaction was to shift... read more

Have the edge in business

As we all know the worlds competitive very, competition can come in lots of ways. To lessen the competition you need an edge. It puts you in a good position. Does your small business have an edge let’s look at it? Do you dominate a marketing area social media, point... read more

Small Business Tax Cuts Chopped for Childcare.

Small business is set to lose the benefit of a tax cuts to companies to Childcare following Shorten $3 Billion promise for families. This represents $1600 per child. Many small business have companies and these are the drivers of the current economy. Lower taxes... read more

Simple Economics – Small Business Loses on Submarine Deal

SMALL BUSINESS lose on Submarine. Small business is set to lose badly due to not awarding the contract to Japan. The competitive tender process focused only on one thing sound in the tender process. No weight was given to Military alliance or economic benefit. Japan... read more

The nasty capital gains tax trap on business sales

If you’re lucky enough to have a strong buyer for your business – and the price is right – you’re actually only halfway there. If the deal involves being paid an earn-out fee – whereby the full price will be paid to you only if you achieve future performance levels,... read more

Beware clients doing their own BAS

Hidden risk in amending BAS By now, with the benefit of the many Worrells articles and Workshops on the topic, we should all be aware of the current provisions relating to Director Penalty Notices, regarding reported and un-reported ATO debt. But you may not... read more

Top five tips to reduce stress

Psychologist Sabina Read has five top tips to reduce stress and fire up your memory: Identify your own warning signs and triggers to help manage stress before it overwhelms you Typical warning signs and triggers vary from person to person so it is important to be... read more