Small Business Management Capability
Small Businesses need greater management capability to achieve the level of profitability and growth required to survive in today's market place. To-date many have got away with deficiencies in this area however we are seeing many examples where this lack of management skills has caught up with them and they now face the very real possibility of going out of business.
If you do not have the management experience or expertise in- house it is imperative that your get someone on board either out sourced or in a part time role to ensure you do not face extinction!
Come on in for a chat and our Senior Business Advisor can assist you to get on track fast.

What price would put on great business advice and accounting advice for you small business?
The answer to that is it must always be relative to the value you receive as a result of the advice provided.
You should be able to equate the value any product or service you use to a financial benefit to your business.

Like any other investment decision you should expect a multiple return on evey dollar spent

If you are advertising and there are no new customers or sales as a result stop the exercise and find a better way.

Often when we review clients business financial we find the amount spent annually on accounting and business advice is moreless non existent. That is there just enough to address the compliance and record keeping requirements and nothing more.
At the same time we find the business owner are paid poorly for their endeavors or worse there are trading losses.
Now all of this is avoidable with good advice, a proper financial plan and budgets and regular monthly reviews.

When a business ceases to trade and goes into liquidation the creditors will agree to appoint a liquidator. The cost of this exercise can be as much as $50k which rapidly diminishes the outcome for everyone - creditors, staff, owner.

Again this situation is avoidable at a very modest cost by comparison. 

If you are experiencing any trading difficulties you most act fast and seek advice.
For every day that you leave your call to action the cost escalates rapidly.

Call us now [08] 9351 5824  chris@metrobec.com.au

Small Business Accountants - Perth
Every small business should have a good working relationship with an accountant who knows and understands the needs of small business. Most importantly the accountant should be able to diagnose what the issues are with the performance of any small business - and they are always issues - and provide prompt advice to enable you to take immediate action.
The most common issues we see are lack of cashflow, low gross profit margins, inadequate working capital and business owners paying themselves more than the business can possibly afford.
If any of these issues resonate with you, you need to talk to us fast and save yourself a fortune in the process. 
Ph 9351 5824 for an appointment.

Random audits, reviews and investigations are conduted by the ATO and other State and Federal Government agencies to ensure compliance, by businesses and taxpayers, with various tax and legislative requirements such as Income and Payroll Tax, GST, Workers Compensation , Superannuation Guarantee etc.  There continues to be a significant increase in the number of audits being conducted by the ATO and other Federal and State agencies, increasing the risk of being selected for audit.

If you or your business is selected for audit you are responsible for the cost of producing the information required.  This can involve additional work by your accountants and may even involve legal expenses.  This cost can be into thousands of dollars depending on the size of the entity being audited.

Do you have the cash flow capability to cover this extraordinary expense or would you rather take out an insurance to cover these costs?  At BEC Weshpool we have recently met with a company offering this insurance for a relatively small annual fee.  For more information contact Chris Gray on 08 9351 5800.