Blog
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!
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?
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?!
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.
Whatever your Business, wherever you are, you are part of the local community,
And as a Business owner you are also part of the Business community.
It makes sense therefore to get to know your neighbours!
Reach out and connect, the benefits are many! Such as, raising your profile and finding out who and what else is out there!
Small Businesses can support each other in practical ways;
Read on for examples……………..
7 Practical Ways to support each other:
1. Need a service, check your local directory
2. Reach out and network. Share, show and tell.
3. Create and join local Business groups
4. Offer discount to fellow local Businesses
5. Refer customers to small Businesses you trust and know
6. Exchange Business cards
7. Get involved in local initiatives
Other ways to Supporting local business,
Supporting each other, and Working together!
Connecting with community
Explore opportunities such as Rotary, community groups, Library activities.
Networking
Follow-up with an Invitation to catch-up over drinks or a coffee chat
Join local Groups
The Local Government publish directories and advertise opportunities. Check out the Town of Victoria Park website. See us in the Business Directory! Are you there?
It’s amazing,
the Businesses you will find and people you meet in your community circle network.
Connecting - Are you inspired?
Your Invitation
Want to join a Blackburn Accounting Business Network group?
Contact us,
Email:
T: 6454 5831