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Read about the latest news in finance and accounting, written for you by 3B Financial Services real world accountants!
Budgeting for success: the importance of good financial management
A solid budget is the foundation for your company’s financial management and success. Here are 4 ways to stay in control of your business budgeting
#businessadvice #SmallBusiness #budgeting
2024–25 Federal Budget Highlights
2024–25 Federal Budget Overview On May 14, 2024, Australia’s Federal Treasurer, Dr. Jim Chalmers, presented a budget he described as “responsible” and designed to “help
Review your expenses – and save yourself money
Need to rein in your expenses? We’ll review your current costs, find the expenses that could be cut and provide a proactive spend management programme to reduce your spending.
#businessadvice #SmallBusiness #SmallBiz #SMB #expenses
Tax planning helps you do more with your money
Tax may be boring, but smart use of tax planning is a superb way to help your company do more with your money.
#tax #accounting #businesstips #tax #taxplanning
Overcoming Imposter Syndrome: A Business Owner’s Guide
Imposter syndrome is a common challenge faced by many business owners. It can hinder personal growth, decision-making, and overall well-being. It impacts 70% of business owners at some point. We look at steps you can take to overcome and move forward.
Setting goals for you and your business in 2024
If you are reflecting on where you are at and thinking about your business goals for the year ahead, we can help you establish measurable goals for your business in 2024.
#smallbusiness #newyearsresolutions #goalsetting
Understanding SMSF and Property Investment
What is an SMSF? A Self-Managed Super Fund (SMSF) is a private superannuation fund regulated by the Australian Taxation Office (ATO). Unlike regular super funds,
Preparing your business for a sale
Hoping to sell your business in the next five years? We’ll help you get your business in order and come up with a sale plan that delivers the best possible sale price.
#businessadvice #SmallBusiness #exitstrategy
What to look out for when buying a business
Planning on purchasing a business? We’ve got five key questions for you to consider before you dive in at the deep end and complete the acquisition.
#businessadvice #SmallBusiness #M&A #businesssale #deals
Plain English guide to profit and loss
When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability. Read our Plain English guide to P&L and learn how to boost your profits.
#tax #accounting #businesstips #ProfitAndLoss #P&L
Writing a business plan? Read our guide
A business without a plan is like a ship without a rudder. Read our guide to writing a business plan and find out the major benefits of having a detailed roadmap to follow.
#tax #accounting #businesstips #businessplan #planning #strategy
Do you know the rules and entitlements during the end-of-year holiday season?
The rules on entitlements for public holidays, shutdowns and leave provisions can be confusing. Has your business got a plan for staff annual leave and public holidays?
We can help you plan for cash flow while meeting your employer obligations.
Can an AI assistant streamline your business?
Does your company need an AI assistant? Our guide to business AI assistants shows you five ways that artificial intelligence (AI) can boost your business efficiency.
#tax #accounting #businesstips #AI
Should you buy a building for your business?
Should you buy a commercial premises for your business and say goodbye to your landlord? Or is the flexibility of leasing more valuable? We consider the pros and cons.
How much should you pay yourself?
As a business owner, how much should you pay yourself? It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends.
10 hot questions to ask yourself as a business owner
Want to push your business to the next level? We’ve shared 10 hot questions to ask yourself as a business owner, with advice on how they will drive your growth and success.
#businessadvice #SmallBusiness #growth #strategy #advice
Plain English guide to cashflow
Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position.
#tax #accounting #businesstips #cashflow
5 vital things to set up before you pass away
Thinking about end-of-life planning might sound morbid. But by planning ahead, you remove the worry and hassle for your loved ones and secure your long-term legacy.
#businessadvice #SmallBusiness #endoflifeplanning #estateplanning
5 questions to ask when you are buying a business
Thinking of acquiring a company? Whether you’re a new entrepreneur, or a seasoned business owner, we’ve got the key questions you need to ask prior to the purchase
#businessadvice #SmallBusiness #acquisitions #M&A
Proving your ongoing business viability through 5 financial reports
Proving that you’re a viable business. We’ve listed the main reasons why lenders and investors want to see solid financial statements before they invest in you.
#businessadvice #SmallBusiness #financialmanagement #reporting
5 challenges for small business – and how to beat them!
Want to know how to beat the most common business challenges?
We’ve highlighted five common challenges and the simple ways to overcome them.
#businessadvice #SmallBusiness #advice
Which business expenses can you claim against tax?
Want to cut your business costs? We’ve highlighted the business expenses that can (and cannot) be claimed against your ATO tax bill.
#tax #expenses #taxreliefs
Prepare for Finalising Single Touch Payroll
Prepare now for finalising STP payroll data by 14 July. Book a time with us today to check essential employee information, verify the numbers and confirm payroll categories are linked to the correct reporting fields before lodging with the ATO.
Take care of yourself, not just your business
53% of business owners suffer from stress and anxiety. But it doesn’t have to be that way. We can help you talk through your worries and focus on your personal well-being.
#businessadvice #SmallBusiness #wellbeing
Get Your Business Records Ready for Your Tax Return 2023
Organising your end-of-financial year documents now means you can get your tax completed earlier and maximise your return. Book a your tax return appointment now and rest easy knowing it’s under control.
Tax Tips for Individuals 2023
Are you making the most of allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time to prepare for your 2023 tax. We’ll help maximise your return.
Tax Tips for Trusts 2023
Do you operate a trust for investment or business purposes? Trust management can be complex but worthwhile to protect assets, streamline the tax return process and maximise allowable deductions. Talk to us about how we can help manage your trust.
Tax Tips for Property Investors 2023
Are you making the most out of your investment property? Getting the income and allowable tax deductions right can be complex. We’ll help sort out the details so you’re claiming all you can.
Talk to us today to maximise your 2023 tax return.
Tax Tips for small businesses 2023
Are you claiming business tax deductions correctly? We’ll check eligibility for concessions, offsets, incentives, rebates, and verify taxable income and expenses – so you won’t pay more tax than you need to!
Talk to us and we’ll help make tax time easy.
Why your accountant is the mentor you didn’t know you needed
Looking for someone to guide your entrepreneurial journey? Your accountant could be the mentor you didn’t know you needed.
#businessadvice #SmallBusiness #mentoring