Iron Advisory | Business service

Iron Advisory

Phone: +61 401 344 434

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23.01.2022 Are you struggling to keep up with the day-to-day financial tasks that come along with running your own business? Maybe you started your business so you could help others reach their fitness goals in the gym, but now you find yourself spending most of your time at your desk paying invoices and managing your books. Outsourcing bookkeeping & payroll can take a big load of your shoulders, and get you back to focusing on the areas of your business that you love!... If you want to hear more about how we can help, comment below and we will send you a DM! See more

22.01.2022 JobKeeper 2.0 kicks in next Monday 28th September. Here is what you need to know! Extended from October 2020 to March 2021 Businesses will be required to re-assess their eligibility at the end of September and again in January... From 28th Sep 2020 to 3rd Jan 2021, payment rates will be reduced to $1200 per fortnight (for those working 20 hrs or more) and $750 per fortnight (for those working 20 hrs or less) From 4th Jan 2021 to 28th March 2021, payment rates will be reduced to $1000 per fortnight (for those working 20 hrs or more) and $650 per fortnight (for those working 20 hrs or less) For more info check out our new blog post on our website. So what are your thoughts on JobKeeper 2.0? Let us know below! See more

22.01.2022 Why gyms should open as soon as possible: Melbourne Storm and Collingwood sports psychologist, Jacqui Louder, states. Read full article here: https://bit.ly/32UVVDL #COVID #Gyms #MentalHealth #Exercise

21.01.2022 #weekendworkout with @saorsa_beyond_fitness Warm up: 30secs jogging 30secs high knees ... 10x squats 10x push ups Repeat x3 Main Workout: Round 1- 30secs Sprint or stationary bike or rower 10metre x beast crawl or hold 30secs 10x Hindu Push up- easier option go on knees (Repeat above x3 then rest till you can hold a conversation) Round 2- 30secs Sprint or stationary bike or rower 1min Heavy Carry 10 x side kick throughs (5x each side) (Repeat above x3 then rest till you can hold a conversation) Round 3- 30secs Sprint or stationary bike or rower 10x bounds- easier option squats on spot 10x hand release burpees (Repeat above x3 then rest till you can hold a conversation) Cool Down: Full body stretch holding each stretch 15-30secs

21.01.2022 Are you using Xero? If not, you should be! It's a cloud-based platform that makes accounting for small and medium-sized businesses easy! Here are our top Xero tips:... Create repeating invoices and bills (saves time on those monthly invoices) Bookmark the link below and never have to type your email address in again! https://login.xero.com/[email protected] Automate invoice reminders (if you're using Xero for creating sales invoices, you can set it up to automatically send invoice reminders to customers with unpaid invoices) Add your bank feeds (makes bookkeeping simple) Set up bank rules (let Xero do the hard work of reconciling your books!) Comment below what accounting software you're currently using for your business See more

20.01.2022 Job keeper application forms now available to apply. Make sure you are legally eligible. Significant fines and penalties can apply for getting it wrong https://www.ato.gov.au//In-deta/Applying-the-turnover-test

20.01.2022 The job keeper legislation has now passed in parliament. Are you eligible? Basic answer if your turnover has dropped 30% from last year and you had an ABN on 1 March - YES! If not alternative tests will be set out by the tax office if you’ve had a large drop in turnover but the business is brand new or on a large growth trajectory.... What entities are eligible? - sole traders - entities with employees - trusts- can provide to the beneficiary -partnership - can pay to one partner - company - can pay to director/shareholder. You must provide within 7 days of the end of month your revenue for the prior month and your expected turnover for the month ahead. There will be an application form to be completed on the ATO website in the next few weeks. If you want support with that please reach out. Making errors could mean missing out. #ironadvice #jobkeeper #wagesubsidy #coronavirus #covid19 #govtsupport

20.01.2022 We all buy all the time. Keep track of the things you buy and what made you buy them. Chances are there was a sales tactic that made you buy. Save down and keep a file of all ads/posts/stories that you clicked on. That will show you the triggers that work on you. They will work on others too. Just remember people don’t love to be sold. Don’t appear to salesy, no one likes a used car salesman.... #sales #businesstips #ironacademy #ironadvice #growthmindset

20.01.2022 How well do you know yourself? We took the Enneagram test as part of a professional development course we are completing. It is great to give further understanding to how you work and how you work with others. it is also useful if you know other's Enneagram Type to understand how they perceive the world.... The Enneagram is an ancient personality typing system that teaches there are nine basic personality types in the world. Steph & I are both Enneagram 5's - which is the quiet specialist. This type has a motivational need to understand, this is why 5's are often found as business coaches, advisors. They can also be inAnything tech, from app and game design to actual engineering, researcher, analyst, scientist, teacher, manager. Many other accountants fall under Enneagram 1 which is the strict perfectionist. Have you taken the free Enneagram test? Check the link in our Bio. Then comment below with which Enneagram type you are? #personalitytest #Enneagram #Enneagram5 #businesstips #howwework #mindset #growthmindset

19.01.2022 Who else is watching Netflix the last dance? We have just finished episode 2. 1. I forgot how good Jordan was and how easy he made it look.... 2. A key business takeaway is that everyone needs a good no 2. The person who supports you and makes you look even better. They do what you don’t want to. So who is the Scottie Pippin to your Michael Jordan? #23 #michaeljordan #lastdance #nike #ironadvice #businessadvice #support

16.01.2022 It's safe to say 2020 has been a tough year for everyone! So let's have some fun with this! Comment below the emoji that best represents the year 2020 for you We'll start off....

13.01.2022 Hey everyone! It's been a while so we thought we'd jump on to introduce ourselves to anyone that's new here! We're Duncan & Steph, the faces behind Iron Advisory ... With a background in accounting and a love for all things fitness, we launched Iron Advisory, to help small business owners in the Health & Fitness industry navigate the world of business In under a year, we've grown our business to 6 figures, and we want to help you do the same Are you an entrepreneur/ small business owner? We'd love to hear about what you do! Drop us a comment below and introduce yourself See more

13.01.2022 Excuse us while we toot our own horn here... Here's 3 reasons why you should work with us We always quote upfront, so you will never receive an unexpected bill from us!... We provide remote support no matter your location in Australia. You don't need to travel a long distance to see us as we provide video conferencing and 24/7 email support. We offer ad hoc coaching and advisory sessions. You can book as much or as little assistance as you need and when you need it. Sounds great right?! Book a free consultation via the link in our bio if you're ready to work with us

12.01.2022 There’s no denying it: business is hard. But it can also be one of the most rewarding adventures of your life and there are always ways to make it easier. What no one tells you is how difficult the journey to success can be. As a business owner, you’re required to wear many different hats: Marketer... Salesman: Accountant/Administrator Leader: Strategist So how can you make business management easier? We have a few ideas, read our latest blog on the website to find out more. Link in Bio

11.01.2022 Iron Advisory Pty Ltd is proudly now a Xero silver partner. Thanks to our amazing clients for their support #xero #xeropartner #accounting #smallbusiness

10.01.2022 Hey everyone! Duncan here Steph jumped on a few weeks ago to share more about herself so I thought it was about time I did the same! Here's 3 things you may not know about me:... I just became a dad! I've been an accountant for 17 years, yet have weirdly found myself being an owner of two fitness apparel businesses. When I'm not reading business books, I read Fantasy/historical fiction novels in my spare time. I'm just about to read book 7 of the Last Kingdom series. Have you seen the TV series adaption on Netflix? Say hello in the comments and tell me one quick fact about you!

10.01.2022 Are you a small business owner in the health & fitness industry looking for coaching and consulting advice? We're ready to help! We can offer you:... BUSINESS COACHING FORECASTING AND BUDGETING CASH FLOW MANAGEMENT STRUCTURE ADVICE INFO ON BUYING AND SELLING A BUSINESS BUSINESS PLANNING AND STRATEGY If this sounds like something you need, book a free consultation with us today! Link in bio @bodybybrando_gyms See more

10.01.2022 Employers: The due date to meet the eligibility criteria for April’s JobKeeper payment is almost here! You have until midnight tomorrow, 8 May, to have paid the... minimum $1,500 to your eligible employees for the JobKeeper fortnights 30 March-12 April and 13 April-26 April. We’ve started processing payments, so if you’ve completed all the steps and meet the eligibility requirements, you should receive your reimbursement within 14 days. If you haven’t completed all the steps, we’ll be in touch. Find out more at www.ato.gov.au/general/JobKeeper-Payment/

09.01.2022 Possible re-open plan from the LNP in Queensland. Not amazing news for gyms. Phase 1 by last week of May Reopen:... Cafes, restaurants and all retail shops. Border communities allow cross border travel for residents within 100Km of the Queensland border in New South Wales, South Australia and Northern Territory. Allow travel within Queensland up to 250 km for non-essential business. Outdoor personal training for groups up to 5 people. Public playgrounds, skate parks, BMX tracks and outside gyms, including static exercise equipment in Council parks. Phase 2 by mid-June Reopen: Interstate domestic work travel. Registered and licensed clubs, licensed premises in hotels. Community and recreation facilities (such as community halls, clubs, RSLs, PCYCs). Auction houses. Outdoor and indoor markets. Beauty therapy, tanning, waxing, nail salons and tattoo parlours. Outdoor personal training for groups up to 10 people. Caravan parks and campgrounds. Phase 3 by early-July Reopen: Zoos and wildlife centres. Local government non-essential facilities and services (such as libraries and pools). Interstate travel for recreation. Open house inspections. Phase 4 by mid-July Reopen: Indoor sporting centres, including gyms, health clubs, fitness centres, yoga, barre and spin facilities, saunas, bathhouses and wellness centres. Galleries, museums, national and state institutions and historic sites. Theme parks and amusement arcades. Play centres (indoor and outdoor).

09.01.2022 RECIPROCITY We are going to be providing a few tips all based around the psychology of selling for the next few weeks. The gift of reciprocity in sales psychology means that when someone gives us something, we feel compelled to give something back in return.... Did you take up the offer on a free session? Only to sign up at the end? Did you jump on that free trial of software? Then sign up for the subscription? (yes it also gives you time to sample the wares, to decide if you like it) Get given that free taste test? Then end up buying something when you just planned on browsing. Reciprocity. #psychologyofselling #businesstips #giftofreciprocity #selling #salestactics #buildanironcladbusiness #ironacademy

09.01.2022 Did you know there are specific claims you can include in your tax return if you work in the Health & Fitness industry? Like the rent that you pay at your gym or studio? Or the council fee for the park you train in? You can even claim a portion of your rent if you train from home! If you want to know all of the other tax deductions you can include in your next tax return, download our Fitness Professional Tax Deductions Checklist from the link in our bio

09.01.2022 What is the "Halo" Effect? Our most successful blog post was around us seeing Mark Bouris speak live and talk about lessons learnt from working with Kerry Packer. How does this relate to the Halo effect. It utilizes the old adage of "You are the company you keep".... It's weird but having a celebrity connection will have people believe that your brand possesses similar qualities to said familiar entity. It is what makes influencer marketing so valuable right now. If "x" influencer wears this brand, and I like them, then i'll like "Y" brand. Are you able to utilise this tactic in your business? #brand #salestactics #growthmindset #ironacademy #ironadvice #businesstips #businessgrowth

08.01.2022 TIMING IS EVERYTHING, THEY SAY. But how do you know when the right time is to hire an accountant like us? When we look back on our most successful clients, we see a few key patterns that helped them reach their goals with us. Here's where they were at when they hired us: ... they were running their business successfully on their own already they were ready to grow the business more, but they weren't sure on the next steps they wanted to shift from working IN the business to working ON the business. If you're reading this thinking, "that's me!"... then you could be ready to take that next step and hire an accountant. Send us a DM and let's see if we're a match to work together!

06.01.2022 NO BUDGET OR BEGINNER? THIS IS FOR YOU! Whether you're just starting out or cash flow is tight, you can still take steps towards freeing up your money TODAY How? ... SET UP 3 BUSINESS ACCOUNTS: 1. Trading account for all income and expenses 2. GST/tax account (try to put 10% of all income in this account) 3. Savings account (try to put another 10% of all income in this account. A great "rainy day fund"!) CREATE A BUDGET & INCLUDE SALES TARGETS! Research has found that setting strong goals boosts performance, by motivating people to increase their effort, prioritise, and have stronger focus. TRACK YOUR EXPENSES! Did you know in Xero you can select your most important accounts on your home page? You should create an account to track the important things. Want to know how much money you spend on takeaway coffee? TRACK IT! Are you currently implementing any of these cash flow hacks? Let us know below!

04.01.2022 Great format to help get things done. We all know the power of writing things out.

03.01.2022 Day 19 of 25 Brad and I have been nominated to do 25 push ups for 25 days to raise awareness for PTSD and mental health. Today’s push ups were brought to you by... our accountants Iron Advisory and their exercise apparel business Iron Addiction! Best accountants we've had and could have for our situation. They're really amazing, supportive and know their stuff. Iron Addiction's style is all about glam rock! Lots of animal prints and bright colours - love it! Tune in tomorrow to see who’s next!

02.01.2022 4 TIPS FOR EMBRACING UNCERTAINTY IN BUSINESS! With the current state of the world, there has been a lot of anxiety for business owners. Are you worried about how your business can continue to have a healthy income?... If you should be implementing changes to ensure it survives? We wanted to share with you 4 tips for embracing uncertainty in business: 1. ACCEPT YOUR REALITY. By accepting the reality that faces you, you can focus on moving forward. Nobody ever succeeded by digging their head in the sand! 2. BUILD YOUR TEAM. Remember, you don’t have to do it alone! Involving trusted people in the process can provide you with expert advice and knowledge that may help in moments of uncertainty. 3. REPLACE UNCERTAINTY WITH CURIOSITY. As humans, we can sometimes shy away from the unknown, but it can actually be a great opportunity to grow. When you catch yourself avoiding uncertainty, replace it with a curiosity to learn and you may just find you thrive! 4. REMEMBER YOUR WHY. Remember why you started your business. It’s what will continue to drive you forward! What are ways you tackle uncertainty? We’d love to hear from you in the comments below.

02.01.2022 We just finished up a client call and we're on a total high! We just LOVE helping people get clear on their ideal business and then help them launch it Is it weird that it gives us a total adrenaline rush?! ... What do you LOVE doing that other people might find bizarre? See more