Money Talk

Cash Payments Beware!

Posted by H Youssef Accounting on Oct 3, 2019 10:00:00 AM

There was a time in business where Cash was King, sadly that time is coming to an end as the Government looks to introduce new measures that could potentially see criminal penalties for cash payments or receipts above $10,000.

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Topics: business, tax, small business, money, cash flow, risk

Tips for Better Managing Contractors

Posted by H Youssef Accounting on Sep 24, 2019 10:09:00 AM

For small businesses, working with independent contractors can be a life saver.

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Topics: business, small business, tradie, relationships, business growth, business success, business mistakes, risk, contractors, processes, systems

How to Value Your Business

Posted by H Youssef Accounting on Sep 12, 2019 10:15:00 AM

If you’re buying or selling a small business, it’s critical to know what the business is worth. The challenge is that what you think a business is worth, and what the person on the other side of the fence thinks it is worth, are usually two different figures.

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Topics: business, small business, revenue, business success, risk, profit, expenses, debt, equity, investing, valuation

The Difference Between Cash-Flow & Profit

Posted by H Youssef Accounting on Aug 20, 2019 11:00:00 AM

Sales and profit are two very different things – as a business owner, you can find yourself without the cash to pay bills despite making sales you knew were profitable. You may also be startled to discover that strong cash flows from sales deliver little profit.

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Topics: finance, money, business growth, business success, business mistakes, cash flow, risk, profit, expenses

What to do if you get Audited

Posted by Michael Youssef on Aug 15, 2019 5:57:35 PM

No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter – an official request by the tax authority to review your accounts and confirm your taxes have been paid to date – don’t panic. Prepare.

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Topics: business, tax, small business, accountant, accounting, business success, business mistakes, risk

How to Scale your Business for Growth

Posted by H Youssef Accounting on Aug 13, 2019 6:03:55 PM

Growing a business is one of the most fundamental goals for all small business owners. Successful businesses are those that are always looking for opportunities to grow and making the most of them.

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Topics: relationships, business growth, business success, risk, contractors, employees

Is Your Tax Agent putting You at Unnecessary Risk?

Posted by H Youssef Accounting on Aug 12, 2019 6:02:29 PM

Not all tax agents are created equal. Just like in every industry there are the good ones and the not so good ones and you as the taxpayer could be placed at an unnecessary risk because of the risk rating of your Tax Agent.

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Topics: tax, tax tips, accountant, accounting, risk