Swan Accountants in Joondalup | Business service

Swan Accountants

Locality: Joondalup

Phone: +61 8 7444 5111

Address: 4/189 Lakeside Dr 6027 Joondalup, WA, Australia

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

Likes: 73

Add/Update information

Reviews

Tags

• Business service
• Tax preparation service
• Accountant
• Financial service

23.01.2022 Testimonial by Simon Richmond

23.01.2022 Overview of the latest federal budget measures

21.01.2022 10 Tips To Improve Your Cash Flow (Part 2) 6. Automate chasing payments New technology offers several inexpensive and easy-to-use products to do the hard work. Credit control apps such as Chaser, Satago and Fluidly send reminders about payments automatically before payments are due and then chase outstanding invoices if bills remain unpaid.... 7. Prevention is better than cure Automate payments to make late payment a near impossibility. Using a pull payment mechanism, such as Direct Debit via a provider like GoCardless, means that cash owed is collected from a customers bank account automatically. This works even if the sums involved vary from one bill to the next. Funds arrive quickly and reliably and failed payments almost never occur. 8. Have a back-up plan If youre left out of pocket, how will you cover day-to-day expenses? Research alternative sources of finance to plug gaps in your cash flow, such as extending the businesss overdraft, taking out affordable short-term loans or using invoice discounting or factoring. Many firms dont want to resort to these options, but having an emergency plan is sensible to avoid business disruption or, worse still, becoming a late payer yourself. 9. Focus on client relationships While tech can do a lot to improve payment processes and make cash flow more reliable, dont neglect the human aspects of business relationships. Cultivate the individuals who handle payments within companies youre billing. If you have an existing link with the right person, any communication over payments is likely to be more smooth, swift and productive. 10. Deal with repeat offenders Develop a strict approach to handling persistent late payers. If you dont get paid on time, be wary about continuing to work with the debtor concerned. Also, think about adding late payment penalties to contracts to dissuade clients from leaving you waiting for money in the future. For more tips and advice on how you can take control of your firms cash flow, contact Swan Accountants on (08) 7444 5111.

20.01.2022 Client Profile - Jacobson and Associates With two decades of experience in law practice with a diverse background covering complex commercial matters, contractual disputes, arbitration and litigation, insurance, construction and government, Jacobson and Associates provides high quality legal advice that is authoritative and reliable. The firm is focused on resolving disputes as effectively and commercially as possible. https://www.facebook.com/Jacobson-Associates-1723558274604594/

19.01.2022 The federal government announced a series of incentives effective immediately. $30,000 instant asset write-off increased to $150,000 (for business with an annual turnover of less than $500M). You have until 30 June 2020 to take advantage of this. After 30 June 2020 it reverts back to $1,000. 50% instant write-off for new assets, with the balance to be depreciated using normal rules. Applies to businesses with an annual turnover of less than $500M. You have until 30 June 202...1. 50% PAYGW credit: employers with a turnover of less than $50M will receive a 50% credit against their PAYGW when they lodge their activity statements for the periods up to and including June 2020. The discount is capped at $25,000 with a minimum payment of $2,000 (even if no tax was withheld). 50% wage subsidy for apprentices and trainees (1/1/20- 30/09/20). Maximum $21,000 per employee. Only applies to small employers (<20 full time employees). Employee must be in training as at 1 March 2020. Pensions and income support- $750 one off payment per person (from 31 March 2020).

18.01.2022 Client Highlight - Khanna Indian Restaurant Do yourself a favour and check out Khanna Indian Restaurant in Mount Hawthorn featuring the best Indian chef in WA! Swan Accountants is proud to support Khanna Indian Restaurant with tax and business advisory services.

18.01.2022 Client Profile - The Base Note The Base Note is a niche perfume studio in Claremont, which opened on 31 October 2019. The Base Note carries a carefully curated range of the finest niche fragrance brands from around the world, many of which have never before been seen in Australia, including prestigious lines such as Nishane, Xerjoff, Casamorati, Mihan Aromatics, M. Micallef, Nobile 1942, Vertus and many others. Swan Accountants is proud to have assisted The Base Note with business and accounting advice, and provided a range of essential business services such as payment processing (EFTPOS terminal) and mobile broadband.

11.01.2022 On 15 September 2020, the Government registered rules that will dictate how the extended JobKeeper scheme will operate for another six months from 28 September 2020 to 28 March 2021. An entity that satisfies the existing rules does not automatically qualify for JobKeeper under the extended rules. To qualify for the extended JobKeeper scheme, an entity must satisfy the extended rules.

09.01.2022 Second economic stimulus package announced The Federal Government has announced an additional $66.1 billion on top of packages already announced to help support the economy during the COVID-19 outbreak. Read the full media statement here:... https://www.pm.gov.au//supporting-australian-workers-and-b The second stimulus package includes an enhanced 'Boosting Cash Flow For Employers' measure. Under the enhanced scheme, employers will receive a payment equal to 100% of their salary and wages withheld (up from 50% from the first package), with the maximum payment being increased from $25,000 to $50,000. In addition, the minimum payment is being increased from $2,000 to $10,000. The payment will be available from 28 April 2020.

09.01.2022 Swan Accountants is now a Xero Silver Partner

08.01.2022 In response to COVID-19, both Federal and State governments have released directions with regards to social distancing and gathering in public places. To ensure adherence with these directions and until further notice, Swan Accountants will no longer be meeting with clients in person. We will however continue to provide a full range of services by email, telephone and video calling. We appreciate that this is a difficult time for all and thank you for your patience and understanding. Take care and be safe.

08.01.2022 Guide to the tax consequences of providing benefits during the Christmas party season

07.01.2022 Are you a small business owner and paying too much for your merchant services? Let us show you how you can reduce your merchant service fees with Sphere (formerly Anovia Payments), a single-source provider for everything you need to accept payments with simple to use, affordable payment solutions and around-the-clock technical support that finally gives you the freedom to focus on running your business.

07.01.2022 Swan Accountants helping business owners control their future. www.swanaccountants.com.au

06.01.2022 Success is the uncommon application of common knowledge!

05.01.2022 Testimonial by Jonathan Jacobson

04.01.2022 Testimonial by Huey Liew

04.01.2022 Swan Accountants helping business owners control their future by providing practical and tangible solutions to increase profits. https://www.swanaccountants.com.au/business-advisory/

01.01.2022 10 Tips To Improve Your Cash Flow (Part 1) 1. Know who youre dealing with Before you even start a working relationship with a customer youll be invoicing regularly, weigh up how much of a risk they pose. Credit check unknown entities and ask peers or professional networks to discover whether they have a bad reputation for settling debts.... 2. Consider the nature of your customer relationships Is it possible you might arrange a retainer agreement with a client or become a permanent consultant to them? Such an arrangement guarantees regular income in exchange for being on call or for providing an agreed amount of goods or services on a regular basis. 3. Charge upfront Consider asking customers for a proportion of the total owed upfront in exchange for a discount. If they can make an ultimate saving by paying, say, 50% on day one, you may be surprised how many clients cooperate. 4. Revisit payment policies Ensure payment terms are clear from the outset, written into any agreements and explicit on invoices. Also consider renegotiating payment terms, perhaps offering a discount for early settlement of bills 5. Make it easy for clients to pay The easier you make it for customers to pay you, the quicker the funds will be in your account. Cloud-based software allows invoices to be issued automatically, followed up as soon as theyre overdue and easily reconciled by the recipient. Digital invoices typically include a pay now button to enable customers to click straight through to settle up immediately. Watch out for Part 2 for further tips to improve your cash flow.