LG Accounting Solutions in Perth, Western Australia | Accountant

LG Accounting Solutions

Locality: Perth, Western Australia

Phone: +61 8 9208 4000

Address: Suite 3, 24 Muriel Avenue, Innaloo 6018 Perth, WA, Australia

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

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• Tax preparation service
• Accountant
• Financial service

25.01.2022 Ownership Mindset cultures significantly outperform other business cultures. Below is free teaser highlights from an Ownership Mindset breakfast seminar I presented last Thursday for Succession Plus. We'll be running more breakfast seminars throughout 2021 and would love to see you there.... #business

24.01.2022 Its never been more important to be organised about your tax. Register for our free webinar with The Lab Factory Cosharing Space to learn how!

24.01.2022 Happy Cup Day from our Team to yours!

24.01.2022 Either your sales have gone up because theres been an increased demand for your products, or your sales have gone down because the products youve got are no longer in demand because of the virus. What should you do if you have experienced either of these? This week Llew talks about how business owners may navigate some the turbulence in demand that has been created by the virus.

23.01.2022 Does your cash flow budget factor in whether or not you will be eligible for Jobkeeper 2.0? WAs economy seems to have bounced back compared to a lot of the rest of the country, but a lot of businesses are currently receiving Jobkeeper payments. A lot of those businesses may not be eligible for Jobkeeper 2.0, given that:... a) The WA economy seems to be stronger now compared to a few months ago. b) Eligibility for Jobkeeper 2.0 requires three months of a decline in turnover, instead of one. Get on top of Jobkeeper 2.0 eligibility to make sure your cash flow budget is accurate. #jobkeeper #business #cashflow

23.01.2022 Things are starting to return closer to normal in WA - but what does the new normal look like? We do know that some things will be different after this period of economic shift is over. For example, the Government has signaled a shift to have more manufacturing in Australia. During times of economic change, demand across the economy shifts. ... What opportunities might there be for your business with the shift in demand then? Now is the time to reflect and strategise with that in mind.

23.01.2022 Transparency breeds buy-in. We recently had our annual planning day in a spacious room at the Rendezvous Hotel Scarborough with a gorgeous view overlooking the Indian ocean. We were very transparent with our business to our WHOLE team. We always are.... We believe by being transparent with your team, and involving them in the planning day process, you get real buy-in.

20.01.2022 The payment options you choose for your clients will have a big impact on your business cash flow. There is careful thought and planning that can go into your payment options, and they can improve customer experience and your debtors numbers, so your payment options are worth spending time on. https://www.lgas.com.au//payment-options-for-your-busines/

20.01.2022 How often do you take a step back from your business, even just for a few days? Last week I took a step back with my partner for a few days and had a lovely trip to Yallingup. Back at work now, I feel energised and motivated.... Its made me reflect on how stepping back from your business can actually help your business. As business owners the energy we bring to work is contagious, and trickles down through our team. If we take a few days off and come back feeling better and energised, that is good for our team and our business. What are the benefits you have noticed from taking some time off? #business

19.01.2022 Your business might have implemented a Work From Home policy earlier this year - but have you updated it to reflect your current arrangement? We all remember the uncertainty and the frantic rush many businesses had to make at the start of the year when places went into lockdown. We had to develop new policies, such as updated Working From Home policies, to meet that period of change.... But now with a few months of updated Working From Home policies in effect, does your policy document actually match the reality of what goes on in your business? If not, it's time to review that document. If you don't, it's possible you could find yourself in an unfair dismissal case. #business #workingfromhome #hr

19.01.2022 So last week it was released that WA got a negative 6% for state final demand for the June quarter... but if you look closely, there are some very exciting numbers! Today Llew is talking about why he thinks the June numbers for WA suggest that things could be looking very positive for our state moving forward! We are keen to see what the September numbers will be, and even more keen to keep doing business in this great state.... #waeconomy #wabusiness

19.01.2022 Last week the RBA dropped interest rates to 0.1%. But what does this mean for WA? It does provide opportunities for WA businesses who benefit from a reduced cost of borrowing, as well as opportunities in WA real estate. Today Llew is talking about what those opportunities might be for businesses and investors in WA.... #interestrate #westernaustralia

18.01.2022 Expectations - they are important for any relationship, but especially important for business owners and staff members. Right now a lot of businesses are undergoing their annual staff review process. Ive been doing staff reviews for 20 years now running LGAS, and in that time Ive learned that the most important thing for a staff review is setting clear and measurable expectations for the next year.... Take staff reviews as an opportunity to communicate clear expectations with your staff members.

18.01.2022 We are very excited to be hosting our first in person breakfast seminar in months! Llew will be presenting on business valuations and going through the methods and concepts of how your business might be valued. We have very little seats left so please register below now if you are keen.... https://www.eventbrite.com.au/e/business-valuation-it-all-b

18.01.2022 How will you know if your business is eligible for Jobkeeper 2.0? Well, for starters, its going to be a bit trickier to qualify for than the existing Jobkeeper package, and youll also have to qualify twice for the full 6 months. Check out our video today to learn the details.

18.01.2022 Research has shown it costs an average of $18,982 to hire one employee for Australian businesses. That means hiring the right person could not only propel your business to growth, but save you almost twenty thousand dollars not having to replace them. Read more here: https://www.lgas.com.au//hiring-the-right-person-3-steps-/... #business #hr

16.01.2022 A business environment is a learning environment - and when your pants are on fire, you usually learn a lot faster. The pandemic has made us learn a lot faster because we absolutely had to. Today Llew is talking about something he learned from the pandemic.... And that is that you can trust your employees to get the job done working from home. If you have the right people on your team, they will continue to get the job done.

16.01.2022 Recently announced Jobkeeper 2.1 does not only affect Jobkeeper past September. It actually makes changes to the existing scheme before September, and could be worth thousands for your business. If your business is currently on Jobkeeper, its very important you are across the changes.... #jobkeeper #business

14.01.2022 In unprecedented times, as a leader in your business, you need to innovate. That doesnt just mean innovating with the way you deliver your product. It means innovating with the way you run your business day-to-day too. ... Right now, that means finding new ways to keep your Team connected. We are doing video calls with our whole Team every morning to keep us connected. How have you changed the way your business runs day-to-day recently? #buiness #workfromhome #covid19

14.01.2022 Cash flow has never been so tight for businesses in Western Australia. Thats why its more important than ever to have a mutual understandings and clear communication with your clients.

14.01.2022 One thing weve learned during the past few months is the value of having a diversified client base. Its not possible for all businesses to have a diversified client base, but for those that it is, it can be a great way to derisk a business. What is one thing the pandemic has taught you about how you run your business?

14.01.2022 3 tips for transitioning your business back to working at your office! Phase 4 will be in effect in WA as of next week so its time to develop a plan for returning to normal.

14.01.2022 Make sure your have a clear plan for when you will be reviewing your cash flow budget this financial year.

14.01.2022 You have just 22 days left to not pay excess tax. EOFY is fast approaching which means not only is it the busiest time for us accountants of the year, but that it is time for all business owners to get organised with their business. Thats because if you dont do your tax planning well, you may end up paying excess tax.... Talk to your accountant asap to make sure you are tax organised before the 30th of June. #business #taxplanning

13.01.2022 Tash breaks down three tips which she thinks are really important for businesses during coronavirus. But there are many more things you can do in your business during this unprecedented time! What are your tips for thriving during coronavirus?

12.01.2022 Happy new financial year from Tash!

12.01.2022 Thrilled to invite you to our free breakfast seminar next Thursday with Succession Plus where you can learn about Employee Remuneration Planning. Come to this free breakfast seminar if you would like to learn about: remuneration structures and strategies. how a remuneration strategy can help your business succeed.... how to design a tailor fit remuneration plan for your business. Find out more and register here: https://successionplus.com.au//remuneration-planning-ladd/ #perth #remuneration

11.01.2022 The Business Metrics Business Owners Need To Be Aware OAs business owners we should always be dedicating time to track data in our businesses. For us here at LGAS we do that through various mechanisms such as a dashboard interface for the big picture, and excel spreadsheets for smaller metrics such as client call volume per staff member. In my view, the key metrics business owners should focus on for growing their business are:... - Sales revenue - Customer retention - Cost of customer acquisition - Operating productivity - Gross margin - Monthly profit /Net profit margin - Overheads costs - Inventory size Tracking key business metrics is important for a bunch of reasons, but probably the most important reason is for your business’s culture. If your businesses metrics are heading in the right direction then it leads to a culture of success. This leads to an opportunity to celebrate your successes as you reach new milestones. #business #businessadvisory

10.01.2022 Its times like these that you need to stay sharp, stay focused, and get the help of the team around you. Its also a great opportunity to change your business if you need to. There can be some positives in these times - they can provide a bit of a breather. Times like this can be an opportunity to reinvent your business, engage the all professionals around you and your team members and be ready for the uplift out the other side. Because there will be an other side. ... We have two webinars coming up where we will be explaining respective elements of the Federal Governments stimulus packages. The first will be Show Me They Money with Business Women Australia on May 5th which will explain options for finanacing your business in the current climate. Register here: https://www.eventbrite.com.au/e/perth-bwa-boardroom-seminar The second will be on Tax Planning in Uncertain Times with The Lab Factory on May 13th. Register here: https://www.eventbrite.com.au/e/tax-planning-in-uncertain-t

10.01.2022 How to get your GST back three months earlier.

09.01.2022 Happy new financial year! We are optimistic about WAs economy in the 2021 financial year. What do you think will happen?

08.01.2022 Listening to your clients is important, no matter your industry. Tash speaks to Cathy from the Small Business Talk podcast about how to connect with your clients to grow your business. https://smallbusinesstalk.com.au/the-value-of-listening-to/

08.01.2022 The instant asset write-off stimulus has been extended through to the end of the year! Fantastic news

08.01.2022 There will be a fair bit of Federal funding coming into WA, but we wont be as impacted as the Eastern States by covid. That should put us in a strong position for economy recovery. That is great news for WA businesses who - lets face it - havent just had a hard six months, but have had a hard few years.

08.01.2022 We are hiring! Have a read of our ad if you or someone you know is an intermediate accountant looking to join our vibrant team. https://www.seek.com.au/job/51766220

07.01.2022 Who loves paying tax? No one. Get organised with your tax planning and avoid paying excess tax before the end of the financial year. #business

06.01.2022 When an employee leaves a business it is estimated to cost up to 45% of their salary. How can we retain employees then? An effective way of doing so is Employee Share Ownership Plans. Thats why Im thrilled to announce that for our next webinar with Business Women Australia I will be presenting on everything you need to know about Employee Share Ownership Plans.... Im be teaming up with Donna Vincent from Solo Accounts to answer all your questions about ESOPs and how to create a Culture of Excellence in your business. Please register here: https://businesswomenaustralia.com.au//bwa-webinar-cultu/

05.01.2022 Llew is back today to provide three tips for hiring new staff. https://www.lgas.com.au/

05.01.2022 Quick Cash Flow Tip 10 - ensure you have a detailed and clear budget for this 2021 financial year.

04.01.2022 We are thrilled to be hosting another remote event with Business Women Australia later this month! This time well be talking about The Gig Economy - a topic becoming more and more relevant, especially after covid! Ill be joined by Lyn Hawkins and Donna Vincent from Solo Accounts for this exciting discussion. This boardroom banter will be an opportunity to consider the future of the gig worker, the solo entrepreneur, the freelancer and contractor. We will delve into the pro...s and cons of going it alone. Due to boardroom restrictions well be streaming the discussion online so please register here: https://www.eventbrite.com.au/e/online-banter-the-gig-econo

04.01.2022 You do not have long to register your business and employees in the massive Jobkeeper program to get the full amount! You have until only the 30th of April to get agreement by your employees for them to be part of the Jobkeeper program. They must all get those forms signed and back to you for you to submit by then, so do not delay with this process! We have two webinars coming up where we will be explaining respective elements of the Federal Governments stimulus packages. ... The first will be Show Me They Money with Business Women Australia on May 5th which will explain options for finanacing your business in the current climate. Register here: https://www.eventbrite.com.au/e/online-bwa-boardroom-semina The second will be on Tax Planning in Uncertain Times with The Lab Factory on May 13th. Register here: https://www.eventbrite.com.au/e/tax-planning-in-uncertain-t

04.01.2022 Many businesses in Western Australia are currently under extreme financial stress, but there are still only 24 hours in a day. What should we be prioritising our time on then? The short answer: the basics. ... Now is more important than ever to get the basics right. But there are some tweaks to how we should be spending our time. In this video Tash speaks about how business owners should prioritise their tasks during this pandemic. Also a reminder we have our free Tax Planning in Uncertain Times webinar coming up next week with The Lab Factory Cosharing Space Dont miss out! Register here: https://www.eventbrite.com.au/e/tax-planning-in-uncertain-t

03.01.2022 Join this free Succession Plus Strategic Sales webinar where Craig West will deliver his number one tip for increasing the exit value for Australian businesses. Register here: https://www.eventbrite.com.au/e/strategic-sale-1-tip-for-in

02.01.2022 While my role being a Director here at LG Accounting Solutions will stay the same, I am excited to announce I have become a Partner with Succession Plus After having been an accountant for almost 30 years I have seen time and time again business owners not preparing in advance for the sale of their businesses, and this lack of preparation causing some businesses owners to leave hundreds of thousands on the table. Succession Plus is about maximising the value of a business fo...r sale. Inevitably we all leave our businesses, so preparing for that event is something every business owner must do, but unfortunately not many are. I am looking forward to using my role with Succession Plus to help many more businesses maximise the value of their businesses for sale.

02.01.2022 I have been doing annual staff reviews with our team here at LGAS for almost a decade now. That means I have spent many hours sitting across from team members setting expectations for the next year. My best advice for staff reviews is to make sure you and your employee both have a clear understanding of expectations from each other.... These expectations, for the employee, can include whatever KPIs/goals and targets you have for the coming year, but the key thing is that both parties have the same understanding. #hr #business #staffreviews

02.01.2022 When people have buy-in to what they are doing at work, they're more productive and work is more fun - it's win-win. Increasing transparency in your business is a great way to get there. Read more here: https://www.lgas.com.au//employee-buy-in-transparency-bre/

01.01.2022 Commercial tenancy rule changes explained. Details have emerged of the Governments changes to commercial tenancies during the COVID-19 pandemic. In this video Tash outlines the three key points to take home from the changes which in our view will have the biggest impact. ... What do you think of the changes?