When Jodie and Aaron Werth had the opportunity to purchase local business Gatton Betta Home Living, read how OBT was on hand to help pre, during and post-purchase.
Equip yourself to make the best business decisions possible by insisting on financial reports that reflect your needs as a business owner.
What is accounts receivable and where can it go wrong? What is accounts receivable (or trade debtors)? Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid. Accounts… Read More >>
Three Financial Mistakes Made by Many Businesses Many of our clients tell us that they got into business to make more money, achieve a better lifestyle or simply because they felt they could do a better job than their old boss. Although many do possess business… Read More >>
Keeping good records critical to business success To help your small business keep good records and avoid mistakes, check out the ATO’s tips, tools and services. Record-keeping tips Keep all business records including income, expenses, bank and other goods and services tax (GST) records for… Read More >>
How to use EOFY to set yourself up for success Each end of financial year ‘EOFY’ is the highlight of the year (at least it is to us) It’s the green light for business owners to run the rule over their business and set up… Read More >>
A business advisor can help you take your business from where it is now to where you want to be. We have the advantage of looking at it from the outside without being tied down by the day-to-day running of your business. At OBT, we… Read More >>
How can you make your business worth a larger amount when you want to sell it? Before we answer this question, remember: your business will only be worth what someone else is willing to pay for it. So, you may think it is worth $1… Read More >>
Confused about what it means to be an Independent Contractor? Maybe you are working for a business but you want to start your own business. Maybe your employer has suggested that you could work at home, and they will change your status to that of… Read More >>
It is very simple: To gain wealth, you must spend less than you earn. Being fiscally astute is not rocket science. Let’s review simple options to help you turn your spending habits around and achieve a positive personal cash flow: Settle bills by the due… Read More >>