Talking Cents

5 accountants hints for Melbourne small businesses

As the original accounting office for small business, servicing businesses in Melbourne and beyond, I thought I’d share 5 really simple yet effective tips to assist your small business in its general operations and profitability.

Here’s the tips to take away and implement immediately.

1. Seek out and adopt new technologies before your competitors and market your business as an industry leader. Your reputation will grow and generate new business for you.

2. To make paying superannuation for staff seamless check out the Governments superannuation clearing house. Suitable for all small businesses with less than 20 employees. One easy payment covers all your staff’s obligations each quarter.

3. Embrace your employees and set them targets and goals. The effectiveness of team meetings and goals will allow the team to flourish and allow you to see who’s passionate and who’s not.

4. Cloud based accounting has changed the way we do business as small business accountants With live numbers being able to be seen by client and accountants alike, it allows for a seamless and effective accounting solution for every small business.

5. Know your break-even point. This is always a great challenge for business and allows you to set some goals and push past this point.

Whether you’re a small business in Sydney, Melbourne or anywhere in Australia, take these tips and embrace them to assist your small business.