business planning

Do I Need To Restructure My Business?

November 8, 2023
Do I Need To Restructure My Business? | Accountants Bayswater | TAS

Getting The Right Business Structure Getting the right business structure in place is one of the most critical business decisions you must make throughout your business lifecycle. However, the wrong business structure can cost you hundreds of thousands of dollars over your business’s life. That’s why structuring your business correctly is critical. Over time, the …

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Faking Business Growth To Grow The Business

September 20, 2023
Faking Business Growth To Grow The Business | Accountants Bayswater | TAS

It’s Bigger On The Outside – Faking Business Growth To Grow The Business Making your business seem bigger than it actually is can go a long way in helping you to secure larger clients. Appearing larger can help customers feel more secure when dealing with you and possibly give your voice or presence more authority. …

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Why Should Your Business Engage An Adviser?

September 12, 2023
Why Should Your Business Engage An Adviser? | TAS Accountants

Why Your Business Needs an Advisor Feel like your business is stuck in a rut? Unable to solve a problem that you know is going to cost you in the long run? Struggling to navigate your way through a difficult time? It might not be financially tanking, and it might not be that your revenue …

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Business Cash Flow Health Check

August 1, 2023
Business Cash Flow Health Check | Accountants Bayswater | TAS

Cash Flow Throughout the financial year, there may be periods where your business finds itself facing a recurring problem with its cashflow. Small businesses with cash flow issues may find themselves more at risk of failing or suffering significant financial hardship – during these critical times in the business landscape, this is not an ideal …

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Business Or Hobby?

July 27, 2023

Having a Hobby vs Running a Business There are critical differences between having a hobby and running a business, and they mostly have to do with your tax, insurance and legal obligations. Understanding the characteristics of businesses and hobbies is essential to ensure you correctly determine your activities. Are You In Business?  While there is …

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Mitigating Risk in Business

July 13, 2023

Risk Management Running a business involves inherent risks, but by implementing effective risk management strategies, you can safeguard your company’s success and minimize potential setbacks. We will explore key principles and actionable steps to help you effectively manage and minimize business risks. Identify and Assess Risks: The first step in managing risks is to identify …

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The Balance Between Abdication and Delegation in Business

July 11, 2023

Abdication vs Delegation For business success, effective decision-making and efficient task execution are crucial. As a business owner or manager, one of the key challenges is finding the right balance between abdication and delegation. Both approaches involve entrusting responsibilities to others, but they differ in the level of involvement and control exerted by the leader. …

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What it takes to be a better leader

July 7, 2023

Better Leadership Effective leadership goes beyond sitting in a corner office and delegating tasks. Leadership has a significant impact not only on the team members they manage, but also on the company as a whole. Great leaders tend to make their employees happier, more productive, and more connected to their organization – and this impacts …

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Have You Taken The Time To Tax Plan This EOFY?

June 19, 2023
Have You Taken The Time To Tax Plan This EOFY? | Accountants Bayswater | TAS

EOFY As the financial year comes to a close, now is the time to visit your accountant or tax advisor to discuss tax planning for your business in 2023. At the end of every financial year, business owners should be reviewing and measuring their performance in comparison to the previous year. By regularly reviewing this …

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Hiring Staff. Here are a few tips to make it easier…

June 14, 2023

Tips for Hiring Staff In order for your business to grow, you will need to hire new employees and create new roles. Hiring a new member for your team is always a challenge, and it becomes even more difficult when you are hiring for a brand-new position. Business owners who are able to allocate workplace …

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Time For A Business Health Check-Up?

June 8, 2023

Business Health Check With the end of the financial year approaching, now is the perfect time to conduct a business ‘health check’ so that you can come out at the start of the new financial year greatly improved and ready to go. Clients And Customers Client and customer loyalty is something all businesses should aim …

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What Is The Key To Retaining Employees?

June 7, 2023

Employee Retention To gain a better understanding of the negative aspects of a business and develop effective solutions, exit interviews are often conducted with departing employees. However, these interviews occur at the end of the employee’s tenure and may be too late to address their specific concerns. Instead, businesses may benefit from understanding what motivates …

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