Virtual CFO Services
Small businesses now have the opportunity to have their very own Virtual Chief Financial Officer which was previously only reserved for big corporates with deep pockets! Now every small business can have a strategic partner who is actively involved and a vital part of your business. Most successful entrepreneurs and business owners have an accountability partner who meets with them regularly. No matter whom you are, where you’ve come from, or what you have achieved, a good mentor is an invaluable asset in business.
Small Business Tax
Every small business needs expert tax advice, the appropriate legal structures and tax minimisation strategies in place. No business owner should be paying more tax than they are required to, nor should they be spending hours on compliance. Implementing proven strategies and planning around your tax means more cash in your pocket now and in the future.
Cloud accounting allows you to really take control of the numbers in your small business. If you are still using spreadsheets or desktop software to manage your accounts and invoicing, then you are doing things the long and difficult way. Not to mention, you are leaving money on the table. Xero, a cloud-based solution, has been dubbed ‘The Apple of Accounting’ as it has revolutionised this space by making your business numbers easier to understand. Looking to simplify? Speak with a member of our team now.
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Setting up or migrating across onto Xero has never been easier. Whether you previously used MYOB, a spreadsheet or even if you are starting a new business, the setup process has been made very straight forward thanks to some helpful tools and a little know how.
Ask any business owner if they want to grow their business and almost all of them will say YES, but only very few are set up to handle this growth. What happens is as they start to grow, any current problems or bottlenecks are only exacerbated. In many cases, they are worse off as compared to when they were a lot smaller.
So let’s look at how most small to medium businesses operate. You as the business owner/s do mostly everything but you might also have some awesome team members that help you run the ship, day to day.
We have just passed the end of financial year not too long ago and most individuals and business owners have completed or are well underway in finalising their tax returns and preparing their financials for the year just passed. What this means is that it gives you the opportunity to reflect on your performance for the last year. For individuals, that means what was your salary or wage for the year? Also how did any of your investments like a rental property perform? I find many individuals are surprised at their income for the year and they usually ask “where did it all go?”