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Tips and articles to help you implement Profit First and take control of your Australian small business

Top 10 Tax Mistakes

Top 10 Tax Mistakes

The end of the tax year is rapidly approaching. What a year it has been. It started strong, businesses doing well and some decent tax reform on the way. Then Covid-19 hit....you know the rest! As year end approaches it is more important than ever to be ready. Small...

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Lets Get O.C.D About Pricing

Lets Get O.C.D About Pricing

Client’s often ask how I determine the prices for my services. Usually this is done in the hope of learning a new pricing method they can apply in their own businesses. Until now I had never really ‘written it down’ or considered displaying it in any sort of...

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Tax Planning Tips – Prepay Expenses

Tax Planning Tips – Prepay Expenses

In this week’s tax planning article I’m going to cover prepaid expenses and the ability to bring forward tax deductions to reduce your current year tax bill. Before I do it’s important to note that this particular strategy only works for businesses that are classified...

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