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.

Tags

Archive

Should You Go It Alone or Get an Accountant for Your Self Managed Super Funds?

Posted on August 9, 2023

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? [Read More]

Why the Amount of Revenue You Make per Employee Can Be Important

Posted on January 20, 2023

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? [Read More]

The Benefits Of Hiring A Tax Accountant

Posted on September 22, 2022

Tax accounting is a specialty that handles tax payments and returns. Often, you can file and pay your taxes or delegate this duty to a tax accountant. Tax accountants focus on donations, qualifying deductions, gains on investments, losses and your income. This piece discusses several advantages of hiring a tax accountant. Saving money Tax accountants know all the deductions and tax credits you can claim to minimise your tax burden. For example, the accountant checks your expenses and picks out those your employer did not compensate. [Read More]

What Are Some of the Key Accounting Tips to Remember as an Entrepreneur?

Posted on April 27, 2022

Whenever budding entrepreneurs start a business, they may face an immediate challenge. After all, popular belief would say that they are creative and big sky thinkers and can easily get bogged down in anything too detailed. This may make it hard for the entrepreneur to focus on intricate tasks like bookkeeping or accounting, and these areas can, of course, be critical in those early days. So, if you are an entrepreneur and making progress with your own organisation, what are some of the key tips for you to remember to avoid some of those obstacles? [Read More]