First Class Accounts in Richmond, Victoria | Finance

First Class Accounts

Locality: Richmond, Victoria

Phone: +61 429 833 719

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23.01.2022 If this year has taught us anything, it’s that we can never be sure what’s around the next corner. Practices need to be prepared for whatever the future may bring. But preparing for an unknown future is a marathon, not a sprint. Xero has put together a list of lessons from their small business community that can help future-proof your business during COVID-19 and beyond.

21.01.2022 To say you want to have a #moneymindset may seem a little weird, but the language we use is a powerful tool to creating opportunities that bring in #profit to the #business. Sometimes our language (and even what we say to ourselves) can be very negative though, without us even realising it. From saying things like "money is the root of all evil" to "I won't be able to charge that much." Word choice matters, especially if we want to create a positive mindset around business. Shake off the negative language and stop feeling shame when we want our #smallbusiness to make money:

20.01.2022 In these tough economic times, small businesses will live and die by their ability to adapt to new conditions. So what lessons can we learn from the sectors that are continuing to sell?

18.01.2022 "While we’re all figuring out how to make things work on a micro and macro scale, we’re simultaneously being presented with a rare opportunity to define what works for us. So it’s time to finally ask yourself: How can you turn work into something that works for you?"

18.01.2022 No-one, and particularly time-strapped #businessowners, want to spend their #Xmas holidays chasing invoices. We all want to use our time to get products on (and quickly off) the shelves so we can kick back and relax over the Xmas week with mulled wine and warm mince pies. So how can you make the best of your time during this important #shopping holiday? ... Well, optimising your payroll is where you need to start: See more

18.01.2022 Running your own small business is not for the fainthearted! In Australia, small businesses comprise almost 98% of all business. However, as per the Australian Bureau of Statistics, more than 60% of small businesses fail or cease operating in the first three years after starting up. Here is a great high-level summary of the small business must-haves.

17.01.2022 Xero's new series aims to provide accurate information, practical tips and advice for small business. Find out their top tips and key action point that can help your business thrive.

14.01.2022 The COVID-19 pandemic has inarguably changed work practices as we know them. With a shift towards working from home, Australians are becoming increasingly reliant on the Internet everyday. Now more than ever, it is important you know how to protect yourself and your business from cyber-attacks.

13.01.2022 The Federal Budget includes a host of measures to stimulate all levels of the economy, including manufacturing, infrastructure and the regions. It isn’t just the Government’s new write-off provisions or tax cuts that have businesses. The Government has introduced a raft of measures for manufacturing to the tune of $1.3 billion along with benefits for regional areas as well.

13.01.2022 Pricing strategy is a perennial headache for most small business owners. Price your services too high and customers will go elsewhere; price them too low and you’ll struggle to turn a profit. So where does a small business owner even begin when it comes to setting prices? How do you know when to review your prices? And when should you bump them up a notch? Here are the six questions to ask yourself when setting prices.

12.01.2022 Invoicing is a key part of #smallbusiness and it causes the greatest amount of stress for business owners as it can impact #cashflow. So can you improve how you manage your invoice payments? Absolutely, and it's not as complicated as you may think. Graham Bowers from #MYOB looks at, as there is no holistic framework offered, how businesses must determine for themselves how best to use the systems on offer.

11.01.2022 It’s not just travel plans being called off in 2020 the closure of international borders has also made expanding a business much more difficult than at any other time in recent years. But that doesn't mean interstate expansion is impossible. Developing a state-by-state expansion strategy could be a great way to build your customer base and increase sales and brand awareness. Here's what you need to know:

10.01.2022 The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the Federal Government’s 2020 Budget is one for the history books, with a record spend that will help lift small businesses out of the COVID crisis and provide a much-needed boost to economic confidence.

10.01.2022 We’ve come a long way recognising the importance of mentally healthy workplaces, but small businesses don't work in bubbles. Here are some easy ways to help ensure our business connections are positive and supportive.

08.01.2022 It’s been a gruelling year for Australia’s small business fraternity. Now, with the October Federal Budget looming large, small businesses are expecting some major incentives to get the wheels turning again in their business as part of a broader economic push. Here’s a rundown of what small business operators are hoping to see in the Federal Budget, to be handed down in Parliament on 6 October.

08.01.2022 #2020 is coming to an end, so now it's time to think about #cashflow moving into the New Year. Do you have the knowledge to build solid cash flow for down times and a post COVID plan? This will ensure your #business is ready for whatever comes your way. Whether it's this sustained environment of #lockdowns and re-openings or having an idea of what your business recovery may look like. Whatever happens out in the world, having a cash flow forecast is crucial for planning your business future.

07.01.2022 If 2020 has taught us anything, it's that e-commerce can connect communities and keep small businesses afloat in times of isolation. Not convinced..? Well research by Deloitte, produced in partnership with Australia Post, found that non-store revenue from additional online activity has increased between $105,000 and $708,000 for the average small business. And, Australian businesses that invested in e-commerce have seen more positive impact than those that didn’t...

06.01.2022 Here's a great story if you need an inspiring business podcast to listen to!

03.01.2022 #WorldMentalHealthDay, which was on the 10th October 2020, gave the opportunity for us all to reflect on what a difficult and unprecedented year #2020 has been. It's also important though, to focus on #mentalhealth in the long term. It’s estimated that 45 percent of Australians will experience a mental health condition in their lifetime, with the most common being anxiety and depression. So maybe spend some time reflecting on what your #business can do for its employees, an...d the community at large, to be part of this conversation. #Xero has compiled some tools and resources available in your region:

03.01.2022 #Jobkeeper and #Jobmaker have presented some solutions for the #workforce impacted by #COVID19, but what about the #business community? The Government has recently updated measures to help #businesses that have a #commericallease. This includes temporary holds on evictions and a mandatory #CodeOfConduct for commercial tenancies to support #SMEs affected. The code and its principles will be implemented and regulated by your relevant state or territory, you can check them here:

02.01.2022 In the past ten years, the gig economy has grown to become a rock-solid fixture in Australia’s workforce and it shows no sign of slowing. Here's what you need to know:

02.01.2022 A new report by Deloitte, The Ethical Advantage, shows that when a #business makes great ethical choices, it boosts a return on assets by 7%. We know that ethical failure costs businesses money, causes a loss of trust and is damaging to their #brand. But what are the actual economic benefits of ethical best practice? What else can we gain by being more ethical as a nation? #SmartCompany talks with #businessleaders about when their businesses have behaved ethically they have also made a profit, and more than that, they have enhanced their reputation and built trust with their stakeholders.

02.01.2022 #COVID is forcing many businesses to #pivot their #strategy, including determining whether or not to offer new products and create better experiences for their #audience. But how? How do you step outside your #comfortzone and allow yourself to think creatively, especially as a risk-averse small business? #BusinessChicks offer some great ideas in this piece on what it takes to transform your #business. From re-framing problems into opportunity to allowing space for collaborative creativity in your business this is a great short read: