Cash flow is King!
How’s your cash flow? Are you able to pay your debts when they fall due? A common issue I'm seeing in Darwin small business is their inability to collect payment from customers. Crazy, I know! Things are done a bit different in the NT, million dollar deals are done at the pub over beers and handshakes. There is a lot of good faith shared between small business owners in the NT, But what measures do you have in place to protect yourself?
Continue ReadingThe End is near! (The end of the financial year that is) Are you ready?
Has the tax man got you shaking in your work boots yet? No time for beers, the EOFY is coming! It’s not too late, have you had some quality one on one time with your accountant? A quick review of the trading year could identify some tweaks to minimize your tax liability.
Continue ReadingKHB Express Bookkeeping Service
KHB Bookkeeping have launch a new Express Bookkeeping Service to meet the needs of business sole traders who only require servicing at the end of each month.
Continue ReadingTax Planning - Quality time with your Accountant
Tax planning is a very important exercise to undertake with your accountant at regular intervals. When your stating out an annual review with your Accountant will help you understand how your business performed over a 12 month period and will help you identify some key performance indicators.
Continue ReadingIs your Bank Manager working for you?
No matter who you bank with, it is in your best interest to maintain a strong relationship with your Bank Manager. In times of triumph these team mates can help you work your money. In times of need they can help you get out of the shit.
Continue Reading