GDB Business Services in Mordialloc, Victoria, Australia | Accountant

GDB Business Services

Locality: Mordialloc, Victoria, Australia

Phone: +61 413 058 708

Address: 14a Warren Road 3195 Mordialloc, VIC, Australia

Website: http://www.gdbbusiness.com.au

Likes: 51

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• Accountant
• Financial service
• Financial planner

23.01.2022 www.gdbbusiness.com.au is live today

19.01.2022 Thanks everybody who has liked and visited my new facebook page

16.01.2022 The secret to starting a successful start-up! GDB Business ServicesThe secret to starting a successful start-up! GDB Business Services

16.01.2022 Small business end-of-financial-year checklist 1 Reflect What's worked well for you and what could be done better? The EOFY is the perfect time to plan ahead. Think about your business strategy across a two- to three-year time frame. 2 Tick off achievable goals Can you decrease asset finance, pay down bank debt? Think about simple and constructive matters you can finalise....Continue reading

12.01.2022 Very interesting article!

02.01.2022 Cashflow is one of the most common killers for both newer and more established businesses it doesnt matter how good your product or service is, if you dont get paid on time then your business is doomed to fail. Managing your cash intake is one of the most common tips given by accountants and business advisors, but too many SMEs can fall prey to focusing on other issues. However, according to ASIC, with 41% of failed businesses attributing their downfall to cashflow issues..., SMEs cant afford not to pay attention. Sowhat can you do? Dont mix personal and business funds While this seems obvious too many business owners thinking they can tide things over by mixing their accounts. This gets confusing and often leads a cash shortage when invoices are due to be paid. Chase invoices up immediately Obvious: yes! But you would be amazed how many businesses are too nice to ask for their money. Take deposits and dont hand over unpaid work Taking a deposit for large projects or from new customers may seem strange. But would you loan money to someone you have just met? Take a deposit. For large projects where you have a lot of outlays- share the pain via a deposit. Youre not a bank. Want to go even further? Withhold the goods until you have been paid when possible. You dont tell your mechanic youll pay in a weeks time, so you should withhold the goods until they have some cash. Take out trade credit insurance What is trade credit insurance? Rather than viewing insurance as merely a debt collection resource, trade credit insurance can proactively protect you from finding yourself in a position where you need to chase payment in the first place. See more

01.01.2022 2018 Federal Budget: Under the measure, which will apply from July 1, 2019, if a business does not withhold the correct amount or any Pay-As-You-Go withholding tax from employees and/or contractors, that business will not get a tax deduction for the amounts paid.

01.01.2022 Richard Branson has said that for a business to be born in the first place, someone has to have been brave. But the question is, how do you harness that bravery?