Let’s be honest, no one enjoys paying tax – and you should never pay more than you have to. This is why smart tax planning strategies are so important! As we approach the end of another tax year, it’s time to take a proactive approach to managing your taxes. In this article we will share […]
READ MOREHow margin reporting can help businesses thrive
In today’s fast-paced business environment, business owners are constantly seeking ways to optimise their operations, reduce their operating costs, and maximise their profits. While profitability is undoubtedly an important metric, it is not the only one that matters. As businesses navigate increasingly complex supply chains, rising costs, and ongoing financial stress and pressure, now more […]
READ MOREHow to measure KPIs in your business
Key Performance Indicators (KPIs) are measurable values that help businesses track progress towards their goals and can be used to measure the success of a specific project, department, or the overall business performance. How do you calculate and measure KPIs in your business? We share 25 different KPI calculations you can use in your business […]
READ MOREHow to make better business decisions with data, insight… and cashflow
Whilst most business owners can read their profit and loss and can see they’re making money, they may not understand why there is a gap between profit and cashflow. We can use your data to gain powerful insight into your metrics which will enable you to see exactly where you are, and pave the way […]
READ MOREUnderstanding your critical number – the key metric to business success
As a business owner, do you measure your key metrics to help you understand your numbers to grow your business? It all starts with understanding and defining your critical number. Critical number All businesses have certain numbers that define success. Some figures, like profit, are universal. But what about other numbers? There’s certainly no shortage […]
READ MOREHow to interpret and use your financial statements
When you receive your financial statements, do you just glance over the details and head straight to the profit figure because you think this is the best indication of the success of your business? Or perhaps you get too confused and overwhelmed with all the financial details so the profit figure is the only one […]
READ MORETax Planning Guide for 2022
With the new financial year is upon us, now is the time to use our tax planning guide to  reduce the amount of tax you will pay.  Looking at all the options available, you can decide on the appropriate actions to take before 30 June 2022. For 2022, key tax planning priorities are likely to […]
READ MORECost of Sales – for your industry
Cost of Sales (also referred to as cost of goods sold [COGS]) is a very important financial performance metric, as it tracks your ability to manufacture/deliver goods and services at a reasonable cost. As your Cost of Sales represents the direct costs related to the manufacturing of goods/services that are sold to your customers, what […]
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