Archive for January, 2010
Do you have “Financial” Control of your business
Ok we have explored the strategic and budget process that every business should investigate, over the last couple of weeks. But what I really want to know is whether you believe that you have a clear understanding and ultimately control over your business – from a financial aspect? If I printed off your profit and [...]
Full StoryPreparing Your Budget
Whenever I talk budgets to my clients I see the fear on their faces. Be it because they don’t want to address the issues, they don’t want to plan for fear of failure or the long held connotations that the process is all too difficult – I really don’t know. So lets cull that belief [...]
Full StoryBudget Review Time
Now that you have worked through your strategic plan its time to turn your focus to what that all means for the business. Now I am very passionate about the budget and its ability to direct your decision making process. It is the one tool that allows you to make informed decisions about where you [...]
Full StoryStrategy Time
With the New Year here it is now time to review your strategic plan and the associated budget that underlies the year ahead. First, lets look at a quick set of definitions to clarify what I am talking about. – Strategic Plan – this is a very high level look at what you want to [...]
Full StoryThe ATO and Small Business Concessions
So you run a small legal practice in Melbourne and your December BAS is due for lodgement on March 1. The problem is that your last two have not been paid and you cannot see how you will have enough funds to pay this one. You know the ATO will charge you a penalty and [...]
Full StoryCustomer Service
I don’t genuinely get surprised and rarely get that warm fuzzy feeling when I get something in the mail. But today I did. A little while ago I signed up with Energy Australia for my home electricity and gas supplies. Amazingly I accepted the invitation from a door to door salesman and signed on the [...]
Full StoryWhat makes a “Good” Accountant – part 2
Following on from my last post lets look at the rest of the factors that make a good accountant. A good accountant: 4.. Can think strategically. Setting up a complex structure that allows profits to be diverted to the Caymen Islands is fantastic if you stay under the ATO radar, trust that your accountant knows [...]
Full StoryWhat makes a “Good” Accountant
I was at a NYE party last night and the inevitable question was asked of me: “So Colin, what do you do?” After a bit of discussion about what Bentley Partners does and what I do within the company, the topic transgressed to the qualities that make a good accountant. After the jokes about bean [...]
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