Build your financial security with OBT Financial Group – Lockyer Valley’s Business of the Year 2015 and specialist financial advisers to individuals, business owners and farming families on accounting, tax, business advice and wealth planning for over 30 years.
Our article focuses on the importance of having a proper plan in place to protect business assets.
When did you last increase your prices?
We stress how pricing is a critical component of a profitable business and the numbers to track while improving profitability.
Understanding the RIGHT things to do in a business
Understanding the RIGHT things to do in a business is of critical importance. Business solutions from our team can help prioritise where you should allocate your time for the biggest impact.
Tracking sales and revenue
Learn how to track sales opportunities so you can predict new revenue that may come into your business.
FY20 business planning
This article reminds us of the importance of planning
and describes a simple process for arriving at a robust plan
which will get you closer to your business goals.
Employers, are you STP ready?
After a staggered rollout, Single Touch Payroll now requires all employers to transfer their payroll transaction data to the Tax Office each time employees are paid. Is your payroll geared to handle new reporting requirements?
Your business dashboard
We examine how to set and make use of Key Performance Indicators (KPI’s) to help run your business. Read why diligent preparation is important so that any actions you take will have a positive and immediate impact.
No tax deductions for unmet tax obligations
Don’t lose your tax deduction for your employee or contractor payments. Do lodge your BAS on time and lodge your STP events every time you pay wages and withhold the correct amounts from your payments to employees and subcontractors. Read why.
The value of a systematic approach
What’s the difference between Joe’s Burger Bar and a McDonald’s franchise? One is completely reliant on the owner and the other has a fully documented system of operation. Which do you think is worth more? Find out how this could apply to maximising your business value.
Is Selling Your Business the Next Best Step
It’s a question many of us will be facing. Perhaps not now, or in the near future. But the opportunity to sell your business may come along, either planned or by chance. Whatever the circumstance, you should be ready. The sale process can be intense and happen quickly so make sure you do it right, cover your bases and prepare for a successful exit. It’s never too early to start.
