HnB Accountants Pty Ltd in South Melbourne, Victoria | Accountant

HnB Accountants Pty Ltd

Locality: South Melbourne, Victoria

Phone: +61 3 8669 1882

Address: Level 5, 180 Albert Road 3205 South Melbourne, VIC, Australia

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

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• Accountant
• Financial service

23.01.2022 If youre ambitious and you have big goals, you need to break it down first and take the first step...

22.01.2022 All this negative talk about recession. What does it mean for the average joe? Nothing. ... The only state that will have negative GDP for September Quarter will be Victoria only. Which means that its the only state that has some problems for work and business owners. Presuming we finish stage 3/4 lockdowns in September and we have an economy opened back up by the end of the month. December will be positive GDP, and work will be plentiful. There is nothing you can do about the recession as it was caused by the politicians, so dont worry about it and just focus on you, your business or your job. #financialgoals #smallbusinessadvice #smallbusinesssupport #businessowners #smashyourgoals

22.01.2022 So an interesting 5 weeks ahead. With very limited exercise allowed, considering up to going into hospital I had exercised 26 out of 30 days. I can not excerise. So two options. ... 1) be lazy and do nothing. 2) adapt, so instead of exercise for 1hr a day. I will either learn something new or mediate. Life happens, things change, it is our choices we make that define us. And for some of us, our lack of choices. #motivation #goals #smallbusinesssupport #smallbusiness #smallbusinessadvice

21.01.2022 I feel so dumb that I dont have a Lazy Susan in my cupboard..... How smart is that!

21.01.2022 What do you do when you get bad news? Investment gone wrong, employee broken something, plans disrupted because of the government, life gets in the way. One of my wise clients has been recently saying, not to let that stuff bother you, otherwise you be down all the time. ... So option 1: Accept something is wrong and you can or can not fix it, it costs you money and such is life. Acceptance and moving on. Option 2: denial and complain / argue / let every decision you make going forward out of fear of repeating the same mistake. Option 3: ignore it and pretend like it didnt happen, probably resulting in your subconscious keeping you up at night. Every situation is different and requires a different action to be taken. But overreaction is not good for anyone. #investments #business #financialliteracy #suchislife #SMEs

20.01.2022 Never give up. Set a goal. Set a plan. ... Adjust the plan. Never give up on the goal. Achieve the goal. #success

20.01.2022 Consistent to start a job/task/project is more important then actually doing it perfect. When I procrastinate about doing something, it could be for minutes, hours or days. But when I start it, I always think its easy, why didnt I start this earlier. I have some washing I need to fold from yesterday........ do I fold it, or leave it, if I leave it I will add more washing to the pile. ... The same is with tasks for the business. Do you start them? Or keep putting it off, because you putting it off because you dont know how to do it. Or maybe you are over thinking it. The same is with investments, are you putting it off? Are you over thinking it? Are you ignoring it? Just start! Now for that washing, that will be future Garys problem. #juststart #procrastination #smallbusinessadvice #smallbusiness #smallbusinesssupport

19.01.2022 Trusting Experts. After being unexpected admitted to Hospital yesterday. I had surgery this morning and currently recovering. However at around 1am, I started to have uncontrollable shakes for 15 minutes while my inflamed appendix injection decided to attack me. (There probably more of a medical term for that, but you get my point)...... With a lot of panic from me, I frantically called the nurse. She came over and the doctor and surgeon. They were so calm, collected and not worried. The nurse told to stay calm while focusing on breathing. But really I was freaking out. Without them showing amazing leadership, confidence and expertise. I would have been in a full blown panic station. Then the shaking passed and I am grateful I was at the hospital while that happened rather than home. Just a reminder that experts are experts for a reason. Pick the right one for you and trust them.

19.01.2022 Enjoy the process not the end result. Set a goal, work to achieve it. But enjoy the process and celebrate the wins along the way. #goals #achievements #winningtogether

17.01.2022 The joys of the ATO making life more difficult for already struggling business owners. And so the Auditing begins................ Recent Article of the ATO talking about what they are auditing - 12-8-2020. Worth a read. https://www.accountantsdaily.com.au//14704-incoming-ato-au

16.01.2022 I read an article on Facebook about a roofing company in Kilsyth that their accountant said they were ineligible for jobkeeper based on the basic test. However with all the information provided I can see they are eligible based on the Alternative Test. ... We have a new client that is a travel agency, on the last day to apply for jobkeeper for the month of April 2020, I was talking to her about her husbands business. After digging a little deeper about her business I found her accountant said she didnt not qualify for jobkeeper. But her revenue collapsed by 100%. We onboarded her and got her applied and approved for jobkeeper. - The point is, we go 110% for our clients, if there is a way, we will find it. We do not leave a stone unturned over. While other accountants see you as just a number we see you as a person. And we love to help people. Getting the right advice is more important then getting advice. #advice #business #smallbusinesssupport #life #smashyourgoals

15.01.2022 Growth is hard. Sales is the solution to all your problems, the more sales you have the more resources you have to invest in the business to upgrade your foundations. We have since May reduced the amount of new clients we have taken on. ... Why? Well we been focusing on supporting our existing clients and working towards upgrading every aspect of our business. Every time you hit a milestone in your business for revenue. Say $10/20/50/100/200/500 thousand revenue a month, you need to review and potentially upgrade your foundations to the business. That way you are ensuring that the systems and processes that got you to the new milestone are sufficient to keep you there and allow you to grow. My mentor says if you grow a shit business, you will have a big shit business. Sean Soole. So we work tirelessly not to have a shit big business. The question is. Do you? #business #smallbusiness #smallbusinesssupport #financialgoals #financialliteracy

15.01.2022 Do you know why I harp on about investments so much? 10 years ago I had no investments. I used to see people’s tax returns / financials and be in awe of those passive income. Now I love it. Don’t get me wrong, it’s a terrible feeling when the market crashes, but understanding that it will rise again helps. ... I have made more money from capital gains this year then 3 years of employment while at uni, and the next 2 years of full time employment after uni. And we are only 9.5months from a 12 month period. That is why investments are soo important!

14.01.2022 Desperation Mode. There got to be a better way, Why was it not done like this, and if no one else is going to do it, I am going to do it. Not ... I need to be like you. Reverse Desperation Mode into Learning Mode. If you want to be a millionaire, study how they became millionaires and possibly copy it. Dont copy what you see others doing that arent millionaires, as you will get the same result... which is ok, unless you have the goal of being a millionaire. Learn lessons from mistakes, but preferably others mistakes!

11.01.2022 Wow interesting comparison. So true!

11.01.2022 Being Broke is Temporary. Poverty of the Mind is Permanent. Mindset is more important then the fact you have $0 in your bank account. All self made successful people did it with the power of their mind not the dollars in their bank account. ... So what is stopping you? Only excuses..... Lockdown is an opportunity to review your choices, is your business performing to the right level? Can you change it? Do you like your job? Or do you hate it?

10.01.2022 Effective people create good habits and make them their masters. Ineffective people accidentally establish bad habits, and those bad habits govern their lives. Wow! ... Time to stop bing watching Netflix’s! Ok after the next episode, but they have a new season next month, so have to watch that, also they announced 3 more seasons coming out over the next few years, so I will keep watching until then. But then I will stop! In 3 years. Done. Agreed......... that why a habit is so hard to break, we make the best excuses. Time to get to the office, finish off some work, grab some tools to do some work at home. That more productive then binge watching (no judgements please) New Girl.

09.01.2022 Which source of income is best for you? 1) Employee (non specialist / specialist) 2) Sole Trader 3) Business Owner ... 4) Business Investor - People have become extremely rich from all 4 categories. However, they have done so by making the money in one for the above methods and push it back into Investing. They don’t spend 100% or more than their incomes. The question is, if you want to be financially free but your also spending 100% or more of your income on lifestyle. The odds of you becoming financial free diminish.

09.01.2022 Reviewing of my own Profit and Loss. So my software costs have doubled. We now spend $70k a year on software. Wow! ... But all I can think about, is what if we spend $20k? There are cheaper options out there, lots of accounting firms use free (Xero Tax) software that would save some $$$. Software is a tool, if you have the right software you will get the job done better, more efficient, or just simply not miss stuff. The question is, do you want companies you work with using the best software or the free versions? Investments in your business is what will allow you to scale. If you scale a business around free software, cheap stuff, then expect your business to have many holes and the boat may sink. There are things that cost you money and those that are investments, as business owners you need to understand the difference. If you spend $1,000 but it generates you a savings of $2,000 its worth it. If you spend $1,000 and you create gross profit of $2,000 you have done well. If you spend $5,000 on software and it saves you hours a week, its likely an investment. #smallbusinessadvice #smallbusinesssupport #smashyourgoals

09.01.2022 A challenge we all have to overcome!

09.01.2022 Business plans need to be continuously monitored and upgraded. No one expected 2020 to be like it is (well...). I have seen some business owners go through hell over the past 6 months. Every 3 months you should be reviewing your strategy for the business. We have been doing it with the support of Sean Soole for several years. ... The point is, if you are not planning for success, you make it hard to achieve it. Make it easy on yourself and start planning for it, rather then hoping for it. #smallbusinessadvice #business #smallbusinesssupport #smashyourgoals #businesses #businessowners #planning #financialgoals

08.01.2022 Our office will be closed until earliest 27th of October 2020. Unfortunately we have no control over this, which also means face to face meetings will not be possible until after that date. Hopefully we have better update in the future but based on the latest announcements, it is what it is.

08.01.2022 If you had only 1 rule in business, what would it be?

07.01.2022 Business is hard. Made harder by things out of our control like this government restrictions. Normally if business is failing you have to pivot, change something. But right now that is not exactly true. As a business owner, you need to focus on surviving through these restrictions. It will be a case of last man standing. ... Australians have the high level of savings for the past 40 years. They want to spend money, but options are limited. So when restrictions are lifted there will be a flood of spending. So you need to survive and out last your competition to have a chance to receive the $200 and pass go. #survive #sme #business #investments #business #financialliteracy #financialfreedom

07.01.2022 It has been a week since my operation. I finally took off the bandages to see the damage, yet 2 scars are so hidden and well recovered you can hardly tell they were there. Its like the Surgeon and Doctor had the formula for that type of cut that they knew how to make it recover perfectly. They didnt recreate the wheel, they followed a set of simple processes to ensure the same outcome each time they do the procedure and ensure the best scar recovery. It makes you wonder, wh...y in business you always recreate the wheel when others have already done it before, others have already carved the way, you just need to ask them for support. So are you asking for support, or building a new wheel daily, weekly or monthly? #business #sme #support #businessowner #businesses #bebetter #FinancialLiteracy

07.01.2022 Shocking isnt it!

07.01.2022 So around 3months ago, we were looking at some properties and the Realestate agent said we need to make an offer really quickly. As many people are interested. Fast forward to today, we didnt make an offer as the property did not fit our criteria and we have seen the property is still available for sale but price has been reduced by 10%. The point is, when she told us they had others interested, we didnt get rushed into making offer we actually said, ok let them have it t...hen. Whether it was a sales technique or truth, who knows. But being patient is important. Do not let others rush you into making decisions. #investment #investmenttips #smallbusinesssupport #financialliteracy #business #life #achievements

06.01.2022 We treated our team for all their hard work during this lockdown to some of these delicious desserts. They were delivered to our team members houses, and they all loved them! Thanks heaps Butter Mafia for assisting us! ... Highly recommended for business owners that want to treat their team members.

05.01.2022 I got asked about Trusts tonight, after an explanation. My client says Gary its ok I Trust you Hahahahahahaha ... Thanks for making my evening!

05.01.2022 Australian government prints 200B dollars. Wonder what happens? Inflation? Hyper inflation? 2022 we will find out. ... #money #economy

04.01.2022 Feedback: I have never seen so many business owners buying properties before. I guess they understand risk/reward and can pull the trigger on some amazing deals out there. Hats of to those that are expanding why others are freaking out and selling at huge discounts. ... A client of mine purchased a property and settled on it last week. They brought it for $100k less what the seller brought it for a year earlier, so the sell lost a lot of money, more money than 4 years worth of rent. Hmmm. Without knowing their circumstances, simple maths says, rent the property out until your out of a global pandemic and then sell it. = a shitload more money in your bank account. #smallbusinessadvice #smallbusinesssupport #businessowners #financialgoals #financialliteracy

04.01.2022 So I have been asked what happens if the government (in this case federal) print money to pay back all the money they borrowed. So in theory, we would have hyper inflation, but if we also have negative GPD, it is possible that they equal themselves out. However likely its 5-10% inflation. So what does that actually mean? ... So if you own shares, property, gold/silver any assets you will see a good amount of profit. If you have cash, you will watch it decrease in value and not be able to buy as much with it as you used to. And if you have neither cash or assets, then the gap between you and those with assets widens. This is not a good thing. The middle class disappears, and turns into those that have and those that do not have. Imagine if house prices increased by another 10% for the next 3 years in a row. Imagine how difficult it would be to buy a house as a 18-25 year old. With tax cuts on the way for Australians (which is great) you have to wonder what they will do about the projected $1,000,000,000,000 debt the government has or $40,000 per Australian. The only thing that protects you against inflation is owning assets. #investments #business #financialfreedom #financialliteracy #hyperinflation

04.01.2022 Its Monday. Do you plan out your week? Or does it fly by and you wonder where the time went? ... Each week I look at what are the most important things for me to do. And I set out to achieve them. How do you setup your week? Do you plan or just go for it? #businessowner #smallbusinesssupport #smashyourgoals #businesses #planning #support

04.01.2022 3 great reasons to get some sun.

03.01.2022 Nothing beats hitting life time personal best goals at exercise. Something set 13 years ago (wow that took way to long). Could have used COVID lockdowns as an excuse. But didn’t. Found a way to keep exercising. The point is: many people make excuses all the time, those that just do it and get on with what they know they need to do. Will be the ones getting the rewards. ... Do you want to be the one with all the excuses or the one that achieves greatness? #leadership

03.01.2022 Working Hard. Or Working Smart. ... Every business owner needs to start off by working hard, putting in the hours, Making sh!t happen. But their comes a time when you need to start working smart not hard. So the question is, are you focusing on working hard or you focusing on working smart? Because if you are still in the phase of working hard, and you dont change something. You will continue to work hard your whole life instead of working smart and earning more $$$. #financialfreedom #businessowners #smallbusinesssupport #smallbusinessadvice #smallbusinessadvice #smashyourgoals

02.01.2022 Exercise Feedback: Stage 4 lockdowns are effective in Victoria. Back in March when stage 3 lockdowns all gyms were forced to close. So I had 1 of two options: ... Option 1: I have the best excuse not to exercise and watch Netflixs on the couch. Option 2: Adapt my training program and find new ways to challenge myself. Fast forward to August, so 4-5 months; I am hitting personal bests in every exercise I am doing. Do not limit yourself because of restrictions circumstances or excuses. My mentor famously says where is this showing up in your business if its showing up here? Sean Soole Life is what you make it. Nothing is free, but everything is yours for the taking if you want it badly enough. You just have to want it, really want it. Then just consistently try until you get it. #fitness #business #smallbusinesssupport #goals #life #achievements #smashyourgoals

02.01.2022 Opportunity. I have spoken to many people recently about purchasing properties. Some have picked up amazing deals, steals of the decade. (Shame for the sellers, mind you who seems during a global pandemic?). ... While others are scared to buy, they listen to the fear, the news, and not open to opportunities. When you have an opportunity to buy an amazing property at a 10/20% discount. You really have to think, will the market drop further. Then you need to consider that Sydney house prices are 2% lower then they peak. And you could buy for 10-20% lower, isnt that a steal. There is a reason why people make money, because they can weigh up the risk and rewards. Whether this is the start of a massive drop in house prices or a blimp on the scales. Some will make millions while others wont. I reviewed a clients share portfolio ending 31/7. For the previous 12 months they were +7%. They had beaten the market by 11% over the 12 months. A lot of people jumped out of the stock market, pulled their cash out, were afraid to invest, took losses. The fear got to them. Yet, the market has increased 38% since March. That means for every $100k you had invested, you potentially made $38k within 4 months. Do not let opportunity pass you by without properly considering it. Dont let fear control you. #InvestmentTips #smallbusinesssupport #Business #FinancialLiteracy

02.01.2022 True leaders have plans, they communicate them and people follow them. They practice extreme ownership and they do not blame. Anyone in leadership positions would know this, you see we work on business plans every three months. I seen business owners dominate their market because they have plans and their team knows what the goals are and they have the plan to achieve them. When we make a wrong decision that costs our business money, we have to learn from it, so history doe...s not repeat itself. Rarely will you see large companies making the same mistake over and over again, without someone being sacked. That is extreme ownership. If you stuff up, learn from it, do not go into denial and pretend its not your fault. If you have a team member stuff up, its your fault, you didnt train them right, you didnt have the right policies in place, or you didnt hire the right person. #leadership #extremeownership #business #sme #Sbe

02.01.2022 Victorian businesses on jobkeeper. Additional Grant coming https://www.business.vic.gov.au//b/business-support-fund-3

02.01.2022 Sun baking without sunscreen. Hope he doesn’t get burnt!

01.01.2022 Success breads success. Think about it. If you surround yourselves with people that watch tv all day and don’t work towards something bigger. Then you see that as your daily routine. ... If you surround yourselves with people that keep pushing the boundaries with achievements, business or just life adventure, you see that as normal. And you will want to be doing it as well. Think about this. If you want to be fat, follow the habits of those that are fat. No or little exercise / bad eating habits. If you want to be successful, follow the habits of those that you aspire that are success to be. You will achieve either option. It’s your choice with habits you want to follow. #choices

01.01.2022 Life is one big tug of war between mediocrity and your best self. David Goggins. So what are you doing to challenge yourself right now?