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Did you know that great accountants do more than just end of year tax returns? That’s right! It’s time to get rid of the old “bean counter” assumptions and look at your accountant in a whole new way. Your finances are one of the most critical things in your...
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With 3 young adults in our family, housing affordability has been a hot topic in recent years as we consider how our kids (or indeed anyone) might one day buy a home of their own. The housing changes announced yesterday by the Government are intended to help slow the pace of...
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If only the end of the financial year was as fun as the end of the calendar year! But alas, for many business owners, the approaching financial year’s end is anything but a party. As 31st March approaches, numerous deadlines and chores lie in wait, and it can all get a bit...
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“I pay tax on my drawings, right?” “I don’t have to pay any tax because I’ve only taken drawings” “Isn’t drawings the same as a salary?” Drawings is one of the most confusing areas for business owners and it’s not surprising. Google “What are drawings...
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If you’ve been chasing unpaid invoices and its looking highly unlikely that you will ever receive payment then perhaps it’s time to consider whether you should write it off as a bad debt. Under normal circumstances, you have to physically record the invoice as a bad debt...
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As a business owner, you’re usually the last to get paid. Simon Sinek's book, Leaders Eat Last is a fantastic book on leadership but paying yourself the “left-overs” isn’t ideal especially given the blood, sweat and tears you pour into your business. So how much shou...
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