About Me

Accountants and Your Family Business

Running a family business is fun, rewarding and a great way to spend time with your family. I know. My name is Anne, and I have been involved with a family business for over a decade. I started the business when I was single. Later, I got married and "hired" my husband, and since we had children, they have been involved too. As my business has grown, I have had to deal with a range of complex financial issues from adding my husband as a partner to setting up special funds for new employees to figuring out the most financially advantageous way to pay my kids. My accountant has been an invaluable part of that process, and now, I want to share why. If you run a small family business and want help from an accountant, this blog will explain what you need to know.

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2023

Should You Go It Alone or Get an Accountant for Your Self Managed Super Funds?
Whether you should go it alone or get an accountant for your self-managed super funds (SMSF) is common among people considering setting up this type of account. On the one hand, you want to be in control of your investments and ensure your retirement is secured; on the other hand, you don't want to make costly mistakes that could compromise the success of your SMSF. So, how should you proceed?

Why the Amount of Revenue You Make per Employee Can Be Important
When you run a growing business that employs other people, you quickly realise that payroll is one of your highest costs. Consequently, you'll want to ensure that you get value for money and not spend too much on wages (and other associated expenses) in relation to your competitors. So, in this case, what is one of the most crucial financial metrics? How can you ensure that you are staying ahead of the curve?