What Do You Want Out of the Business?
How Long-term Goals Affect Cashflow There are so many things to think about when starting a business, so much so that the plan of what to do with it when you have had enough is often overlooked, if it’s even been thought about. This is very natural, after all, when you set the business up […]
The Importance of Positive Cashflow
Why Cashflow is Important I could wax lyrical for hours about how important it is to maintain a positive cashflow, after all, the main reason businesses (of any size) fail, is because of poor cashflow. But the reality is, the topic is pretty boring and would probably not hold your attention for much more than […]
Boosting Financial Stability: 3 Key Strategies for Australian Medical Practices’ Cashflow Optimisation
Medical practices are the backbone of healthcare delivery, providing essential services to patients in Australia. However, financial stability is crucial for the sustainability and growth of these practices. In this blog article, we will explore three key strategies aimed specifically at Australian medical practices, helping them enhance cashflow and achieve long-term financial success. By implementing […]
I Need a Pay Rise!
It’s July, start of a new financial year. For some it’s time to take time off, for others a time to reflect on the year that was and what we need to do for the coming one. I am no different, so, let’s do a little reflecting. At Venta, most of our focus for the […]
Working From Home Expenses – New Fixed Rate
If you don’t wish to use the revised fixed-rate method for calculating your working from home claims, you can still use the actual costs method instead – this involves calculating and documenting in detail the actual expenses you incur. There is a the new revised fixed-rate method for calculating working from home expenses that will […]
How to measure the performance of your business
How To Tell if Your Business is Performing Knowing how your business is performing can be hard. Most of us have a gut feel of how we are going but for many, that gut feel doesn’t kick in for a couple of years when we have something to compare against. And let’s be honest with […]
Are you getting the most out of your business?
Why You Should be Benchmarking Your Business When you’re at the gym, what or who do you compare yourself against? Is it the fittest hottest person in the room who probably spends every waking moment there (and you wonder why you can’t achieve the same results with your perhaps 1 hour every…week?). Is it your […]
What is Cashflow
What is Cashflow? What Keeps YOU Up at Night? When people ask me what I do for a living, I used to tell them I’m a tax specialist (yawn), then the more blunt response from them would be “so you’re an accountant then” (double yawn) which is an almost immediate conversation-ender. But nowadays I say […]
7 tips to help your small business adjust for inflation
Inflation has ballooned worldwide in recent months, and there’s no question that small businesses are feeling the pinch. Supplies cost more, employees are hard to find, and your profits are shrinking. It’s undoubtedly challenging, but you can weather the storm with the following tips. 1. Study your data Your numbers are always helpful, but in […]
When the heat is on…..
Marketwatch has previously mentioned the Greek myth of Icarus. But to recap. Daedalus, Icarus’ father, was a skilled craftsman who had taken refuge on the island of Crete. Initially he was welcomed with open arms but that welcome soured. It was not easy to escape the island because the king, Minos, kept all ships under […]