It’s Started – Insolvencies Are Up
To be quite honest it is not a surprise. Whenever interest rates or inflation go up it puts pressure on any business. If they are both high, it multiplies the pressure. Then add to the fact that during Covid the government made sure that the most inefficient business remained in existence. Even those that should […]
A New Year… A New Plan
The 2023 financial year came to an end some time ago. And the financial world will tell you should (and need) to plan for 2024. I am no different although the way I will tell you to plan for 2024 will be a bit different than other accountants. But I don’t believe in planning for […]
Warren Buffett or Non fungible token?
When it comes to investments, I am a bit more conservative than most. I follow the Warren Buffet philosophy. Keep it simple and don’t chase what’s in fashion now. And don’t invest in things you know little about. And if you know Warren Buffett you also know he is a smart man. And generally, this […]
Scammers – They Got Me – They May Get You
In the last 6 months we have 2 major scams that have and has caused absolute mayhem. One was at first thought stupid – but it is easy to do, and we have all be enticed at some point. The second one – a totally innocent business literally stops trading because of a scam and […]
Employee or contractor? Who Cares?
To you and me it does not make a difference. We see them the same way. But to the ATO it seems the difference means a lot. So much so that there has been so many cases going to court that I have lost count. And each case comes out with a different conclusion that […]
It’s Not Your Wants that Matter…… Only Theirs
As business owners we always think we know what the customer wants. We think we know better. And that means we create all sorts of services and products for our customers. But that is not enough. Sometimes we are prepared to devote our lives to it. Sometimes we will even try to force it down […]
A Stupid Tax Law….. But if You Are Stupid, You Will Miss Out on Thousands
I have said for years that our country requires tax reform. The country’s politicians seem to agree but none of them have the guts to do it. So, they tinker on the edges. And because none of them live in the real world most of what they come up with is bonkers. Nuts. And inevitably […]
Only 80% of SME’s Have Made Costly Mistakes
That is what a recent Xero survey said And that, quite frankly, is crap. Because I have never met a business owner that has not made a costly mistake. And I have touched over 4,000 businesses so I do base it on something. Is it possible that I just happen to touch businesses owners that […]
We hate paying the Banks ….but what about investment fees?
I hate paying fees to banks for anything. In my mind banks are evil. And this means I try to do everything I can to not pay them. I bet you do too. Here’s the problem. They always win and we just pay up. And we often forget they are not in business for the […]
If you had a Time Machine …….
School holidays in my world usually means a trip to the cinemas As my kids are in their teenage years they have started to venture out on their own catching buses & trains to meet friends and do whatever it is teenage kids do these days. In my time everything revolved around a soccer ball […]
