Robert Skehan Consulting | Businesses

Robert Skehan Consulting

Phone: +61 419 553 606

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• Businesses
• Business service
• Accountant
• Financial service
• Finance

15.01.2022 What direction is your business headed?

13.01.2022 I had a client say to me once, 2 years ago I had a great year, I made nearly $1 million. About 9 months later, my tax accountant told me I owed the tax department over $400,000. I had reinvested some of the money into the business and basically spent the rest. The money was gone and the business had slowed. I simply didn’t have the money and it nearly put me to the wall. You might think, not a great Tax Accountant, but how would a Tax Accountant know the tax situation if they... only see the books 7 or 8 months after the end of the year. You might think, why didn’t the bookkeeper pick up on the situation. Because bookkeepers don't do that, they process transactions. Most business don’t go to the wall because they lack profit, they go to the wall because they don’t have the cash to pay their bills. Put simply, they do not have any real financial management process working for them. So how can you stop this sort of thing happening to you? The answer is simple get a financial management team working for you that looks at the whole financial management process of your business.

09.01.2022 An accurate and up to date set of books is critical to knowing how well your business is going. Our bookkeepers are managed by qualified tax professionals so there is no double handling when it comes to preparing your IAS, your BAS or your income tax return.