Blackburn Accounting

1. Evaluate your Businesses flexibility. Firstly look closely at all activities involved in the Business operation, then evaluate the flexibility of the production line itself.

2. Incorporate flexibility into hiring practices, making it part of Organisational culture. A more flexible workforce and business practices provide better outcomes for all concerned.

3. Encourage, foster adaptability i.e. openness to new ideas and concepts. Promote, develop skills based on flexibility, ability to respond to situational needs of the time.

4. Explore using ‘tech’ to adjust to consumer behaviour. Buyers have changed their habits, increasingly so since COVID arrived. Get on-board! Amp up your ‘tech’ capabilities and solutions to respond.

5. Invest in Business Security solutions. Implement protection to safeguard users and your network system. Critical steps in a time of scams and cybercrime.

1. A stress-free tax time is all about good record-keeping. You need to account for every dollar that comes in and goes out of your Business. Be prepared!

2. Start organising your paperwork. If you have a ‘shoe-box’ or bottom drawer of unsorted papers now is the time to start filing.

3. Missing copies of claimable receipts or expense records, follow-up now to avoid stress later.

4. COVID concessions. Are you eligible for any funding/allowances? Check with WA State Government or Federal Govt. sources.

5. Working from home? Keep copies and record any related expenses for ‘end of year’ claims.

6. Have any Questions regarding your Taxation obligations or any reporting matters, contact your Accountant. Act now!

7. Need help! Need an Accountant? Contact Blackburn Accounting we can help you.

We are ‘Your Family Business Specialists!

Marketing is the process of intentionally stimulating demand for and purchases of goods and services!

And wouldn’t we all like it to be our Business in demand!
Yes! Then read on……………..

Marketing Re-defined

Consumer behaviour has undergone a dramatic shift during COVID and Businesses that can change and adapt are better placed. COVID has challenged the rules about customer relationships, building brands and Businesses alike.

Below are 3 Tips to help you embrace Marketing 2021+
1. Know Your Customer. We now need to identify our customer segments and create personal connections. We do this by defining consumer groups according to multiple dimensions that influence purchasing behaviours; such as attitudinal characteristics. This means targeting specific customers beyond just demographics (e.g. age and gender).

2. Customer wants. Customers today expect you to have what they want. To keep abreast of these expectations requires Businesses to have data and technology as part of their Business model.

Connecting and gathering data is central to helping move from a ‘one size fits all’ approach to meeting consumers more personalised demands.

3. Competing. This goes beyond competing with your Business competitors you are now competing with your Customer. With the rise of digital transactions customers want and expect more. You are now competing with their last experience.

How did you rate?!

1. Be organised and keep detailed records. Essential for any Business.
2. Know, focus on and connect with your core customers. Build strong relationships for lasting loyalty.
3. Provide great service and the best experience for you and your customers. Win/win; Happy customer, Happy you!
4. Social media, digital platforms are essential tools for marketing and staying socially connected.
5. Direct messaging outreach is another marketing technique.
6. Review your Budget. A must as we head into uncertain times. Tip: ideally have a cushion of cash in your budget.
7. Be adaptable. Critical during these challenging times. Be prepared for all scenarios; plan, brainstorm to meet and embrace a changing landscape.
8. Look for ways to improve – your service, product, to stand out from the competition.

Want to know more?

Find out ways to run a successful Business that’s running at peak performance.

Want to write your own Success story?

Don’t hesitate! Contact us now to book your consult.

Blackburn Accounting Your Family Business specialists!

Corporations Act Directors
To all current Company Directors there is a new requirement that you need to meet – that is to apply for your unique Director identification.
Company Directors need to verify their identity as part of a new Director identification requirement.
All Directors of a Company, registered Australian body, registered foreign Company or Aboriginal and Torres Strait Islander Corporation will need a Director ID.
When you apply, it depends on when you were appointed as a Director;
• Existing Directors have until 30 November 2022 to apply
• Directors appointed between 1 November 2021 and 4 April 2022 must apply within 28 days of their appointment.
• From 5 April 2022, intending Directors must apply before being appointed.

A Director ID is a unique identifier that a Director will apply for once and keep forever, that will help prevent the use of false or fraudulent Director identities.

• For more information visit the Australian Business Register Services (ABRS) website.
• Have questions? Contact Blackburn Accounting.