Insights & resources
How to start a Pilates Studio
Starting a Pilates studio in Australia can be an exciting and rewarding business venture. Pilates has become increasingly popular in Australia over the years, with
5 signs you’re undercharging
Are you undercharging for your fees? We’ve got the five warning signs that can help you diagnose whether your prices are too low.
#Pricing
Review the year that’s been and plan for the year ahead in your annual business review.
Conducting a past-year review with an experienced advisor will provide valuable insights for this year’s goal-setting.
What will you do differently this year to enable your business to thrive?
#businessstrategy
We can help. Get in touch today.
5 goal setting tips for 2023
Effective goal setting will help you get the very best out of 2023.
Our 5 goal-setting tips will help small business owners reach new highs.
Christmas Parties and Presents – and Tax!
Planning a Christmas party? Giving gifts to clients and suppliers? Paying a Christmas bonus? Talk to us to see if you can claim all or part of the cost as business expenses. Don’t get caught out by tricky entertainment rules!
Holiday cashflow for your small business
Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small business. Make a plan early to ensure healthy cashflow over the holidays. #cashflow #smallbusiness
Employees and the Holiday Season – What You Need to Know
Have you got a plan for staff annual leave and public holidays? There are rules to follow on entitlements for public holidays, shutdowns and leave provisions.
We can help you plan for cash flow while meeting your employer obligations.
Check Your Business Performance Against the ATO Small Business Benchmarks
If you’re interested in improving your business performance, talk to us about comparing your business to the ATO Small business benchmarks. Benchmarks can help focus attention on areas that could be improved like the ratio of labour cost to turnover.
How profit sharing can help your business retain talent
Retain staff and attract new talent with profit sharing – it’s a win-win way to incentivise your team and build your business.
#businessculture #goodemployer
Meeting your goals during a global slowdown
Are your goals still relevant during a global slowdown? Talk to us about reviewing your goals, finances and business plan, so you’re ready to meet the economic ups and downs.
#businessadvice
Key numbers to focus on in your business now
What are the key reports to focus on in your business? We’ll show you how to track performance, take action and prepare your company for surviving the new business normal.
Feeling the crunch? Here’s how to get more cash from your business.
When economic times are tough, it helps to be in control of your cashflow. We explain how to improve your cashflow – and how this helps you run your business through tough times.
#cashflow #cloudaccounting
Do You Know What Reimbursements Your Employees are Claiming For?
Are you across all your employees’ reimbursements? While mistakes in expense claims happen, so does deliberate fraud. Having a proper system in place to manage expenses will minimise errors. Get in contact to learn more about overseeing employee expenses.
Understanding Your Statement of Cash Flows
Do you fully understand the impact of your business activities on your cash flow? Your cash flow statement can give you great insight into business operations.
Book a session today to examine your financial reports.
Why You Should Check Supplier ABNs
Do you check your supplier ABNs? Correct tax codes are essential for getting GST on the BAS right.
Now is a good time to review supplier ABNs and GST status.
Get in contact, and we’ll make sure you’re not paying more GST than you need to.
What’s new? – Tax changes from 1 July 2022
A number of income tax and superannuation changes relevant to businesses took effect from 1 July 2022, including: Tax thresholds and rates Various tax thresholds
Understanding Your Profit and Loss Statement
Would you like to know more about the relationship between costs and revenue to make better business decisions?
Book a session today to examine your financial reports with an experienced business advisor.
GST on Business Purchases from Overseas
Does your business buy products and services from overseas suppliers? If so, you may be charged GST, but not always!
We can review your accounts and software tax codes to make sure GST claims on overseas purchases are correct.
Tax tips for small businesses 2022
This year it’s important to get your records and tax return correct because of the continued unusual business circumstances. Talk to us and we’ll help make tax time easy and make sure you’re claiming all that you can for your business.
Weighing up a big investment in your business
It’s expensive to invest in a new website, payment platform, project management software or automation. Should you take the plunge? We can help you weigh up the costs and benefits.
What is Personal Services Income?
Not sure if you’re earning personal services income or conducting a personal services business? Special rules apply to PSI. Talk to us and we’ll check the type of income and ensure you are claiming the maximum allowable deductions and not being overtaxed.
When to Register Your Business for GST
Do you know when your business should register for GST? If you’re not charging GST, check your income to know when to register with the ATO. Most businesses must register at $75k, but there are special rules for some. Talk to us to get set up.
How an accountant supports your business development
Accountants don’t just look after the financial side of your business. With our expertise behind your business development, we can help you turn your strategic ideas into real success stories.
#businessdevelopment #BD
Fringe Benefits Tax and Business
Do you offer your employees benefits in addition to salary and wages? If so, you may need to report FBT. Fringe benefits can help employees reduce their taxable income but you need to take care of the admin. Get in contact to learn more.
Business tips: Using forecasting to help your decision-making
A crystal ball would be handy in business. Good-quality forecasting can be just as useful, giving you an informed view of the future of your business and finances.
#forecasting #business
Understanding Your Balance Sheet
Are you confident in understanding the financial snapshot of your balance sheet?
Book a session now to analyse your reports with an experienced business advisor.
Keeping your business cash liquid – the difference between cashflow and profit
Do you know the difference between profits and cash flow? We’ll help you understand why cash is king and how to improve your cash flow management AND profitability
#businessadvice #cashflow
Business tips: Getting in control of your spending
A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers.
#businessadvice #startup #entrepreneur #SmallBusiness
5 quicks wins for a greener business
How green is your business? You’ve got to be sustainable if you want to keep up with changing consumer trends – so here are 5 quick ways to get started.
Why you should have a business continuity plan
Need to get a plan in place? We’ll help you look for the risks, challenges and opportunities to continue trading. We’ll also help you put together a watertight business continuity plan
#businesscontinuity #riskplanning
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1 O’Connell Street
Sydney NSW
Contact
- hello@jdscott.co
- +61 404 530 563
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