Insights
Practical thinking across the four pillars we work in every day — Clarity, Capacity, Courage and Confidence — written for business owners.Plain-English articles for business owners who want to understand their numbers, not just receive them. Start with the latest below, or see how we work through our four pillars and what that looks like in your industry.
The Digital Duty of Care Bill: what business needs to know (and what it doesn’t, yet)
You’ve got a website, an Instagram account and maybe an online booking page. Now there’s a new online-safety Bill in the headlines, and there is some chatter that every business with a website will need to undertake an annual risk assessment. So do you need to do anything now and what should you budget for?
An accountant should do more than your tax return. Here’s what “more” actually means.
Records go in once a year, the return gets lodged, and that’s the relationship. If that sounds familiar, you’re using maybe a quarter of what an accountant can do for a business in its first few years — and that’s the quarter that costs you the least in hindsight.
Managing cash in the rear-view mirror? Here’s how to face forward
You log in, check the balance, run a few sums in your head about what’s due on Thursday, and hope it nets out. Some weeks it does. Some weeks it doesn’t, and you find out after the money has already gone.
“So where is it?” Why the profit and the bank balance don’t match
You’ve just been told the business made a good profit. You’re pleased. You’re also doing arithmetic in the back of your head about Thursday’s wages, because the account doesn’t look like a good profit.
A bookkeeper and an accountant aren’t the same job. You usually need both.
You’re two years in, the work is steady, and the receipts live in a folder, a glovebox and three email inboxes. Once a year they all get handed over, the return gets lodged, and you assume the numbers are “done”.
The rate rise: what I’m telling clients this week
On Tuesday the Reserve Bank lifted the cash rate target by 0.25 percentage points to 4.85%. If you run a business, you’ve probably already done the quick sum in your head: what does this do to my loan repayments?
Four habits in the first five years that decide whether cash is ever a problem
You’re three years in, the work is coming, and you’re busier than you’ve ever been. You’re also checking the bank balance more often than you’d admit to anyone, because busy and comfortable turn out to be two very different things.
Cashflow, in plain English: what your bank balance is trying to tell you
You’ve been running the business for fifteen years. Sales are steady, the work keeps coming, and the P&L says you made a profit last year. So why does the bank account feel tight every single quarter?
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