While I’m working out what a client’s possible tax bill will be, I also take the opportunity to help my client budget for the year ahead. I previously touched on using a client’s Profit and Loss Statement to work out their tax bill – but you can also help your client plan for the […]
Now you know what information should be a part of your Profit and Loss Statement, how do you use that information to your advantage? The first insight you can gain from your Profit and Loss Statement begins by simply looking at the bottom line. Did you make a profit or a loss? Are you […]
A picture can tell a thousand words and your Profit and Loss Statement can hide a wealth of information – if you know where to look. Many business owners know what a Profit and Loss Statement is, but don’t prepare one regularly. Even if they prepare them, they often don’t take a good look […]
With just three months left of the 2017 financial year, it’s time to start preparing for the dash to the finish line. By now you should have had your 2015/2016 financial statements and tax return prepared. If not, then that needs to be your priority.
Oprah Winfrey once said “Surround yourself with only people who are going to lift you higher”. If Oprah said it, it must be true. Great people help to create great businesses. Over the years, I’ve learnt not to do things alone.