Need good quality business advice and the expertise of a proactive accountant?
Small business owners seeking the right advice to start, grow and to dramatically improve the performance of an existing business should book a FREE One Hour consultation with our senior Business Advisor.

With over 25 years of hands on business experience and an excellent team of accountants we have the solutions to your business challenges.

The key issues are often sales, profit, cash flow  and working capital. A shortfall in any of these critical areas will be very detrimental to any business including yours.

Talk to us... we have the solutions to your business needs.

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.

Tax can be scary if you are not "in the know" and in small business the last thing we need is negative financial surprises. Preparation is everything; get organised, know what your liabilities are and prepare well. Following are some tips to make End of Year as painless as possible.

Your Business — Your Responsibility
Tax and your business is your responsibility. The first tip is to do your research, meet with your accountant early and know what's required. Ignorance is no excuse in the eyes of the ATO. Become comfortable with tax and tax terms.
Good Accountant
Find an accountant who is willing to support you all year round - not just at tax time. You can save yourself from tax shocks by regularly speaking to your accountant. Meet with your accountant quarterly, or if you really want to know how your business is tracking make it monthly.

Business Taxes
Like most things in life, if you know what you are up against it's much easier to deal with. Here's a quick list of the tax issues faced by businesses.
The BAS (business activity statement (BAS) is a statement businesses use to report your GST obligations, and also includes Pay As You Go (PAYG) instalments, PAYG withholding and Fringe Benefits Tax (FBT) instalments. FBT is a tax payable for any benefit provided by an employer to an employee, or their associate.
Finally there is Payroll Tax. A state tax on employing staff.

Record Keeping
Doing business means dealing with paper. Efficient filing and handling of paper is important. Being able to find a document can be a nightmare without an effective filing system. Time is money!

Questions for Your Accountant
Business is tough enough without unexpected surprises. Here are some questions you should ask your accountant to prepare yourself for tax time:
• Which taxes are applicable to you and your business?
• When are they due to be paid?
• What tax deductions may be available?
• What and how should you be recording business transactions?
• How does the paperwork need to be recorded and filed?
Above all if you are not sure about anything ask questions- remember, the only stupid questions are the ones unasked.

If that is you, we are very keen to talk with you about opportunities and pitfalls of owning and managing a business anywhere in Western Australia. And we could save you a fortune in the process - it's that important. Many new arrivals in WA even with previous business experience do not appreciate that this is an entirely different market place to that of their country of origin wherever that may be. Population, location, sales volumes, demand and preferences all play a huge part in the success of any venture.
If you are buying a business please do not proceed without first talking with us.
There is no cost for a hour consultant with one of our business advisors or accountants - this valuable service is part-funded by the Australia Govt. Book an appointment now.

FREE 1 hr accounting and business advice sessions available this week - funded by Australian Govt with one of our CPA accountants.
We can review your financials, provide business advice and direction on how to improve the performance of your business.
Many clients have commented on how valuable these sessions have been for their business and wish they had heard about them earlier. Many have been unaware that their own accountant could be helping them in this regard but see them only once a year and then only to finalise their tax return. That might address the amount of tax you need pay but will never be address the more important issue of business performance. This is a process that needs to happen at least every quarter.
Book now and you will not be disappointed.

Just 8 weeks out from the end of the financial year!
Have you reviewed your financial statements [P&L, Balance Sheet, Cashlow Statement] to see if you are on target [or not] to achieve your 2011 trading yr goals? Your business not ticking all of the boxes - ouch!
What does that mean for your business - not paying yourself what you are worth, no ROI for the capital you have invested or worse not enough income to meet all business expenses?
Hmm - Does that translate to a balance sheet worse than last year and less dollars to play with?
You need a business reality check. More than 50% of SME's will be exactly as described above or worse.
So what is your secret weapon to overcome all of the above and ensure you are in a much better place?

Right now is the ideal time to do your research, ask for referrals and make an appointment with another accountant so that you get the new financial year off to a great start. 

Many of our clients tell us that their Key Frustrations with their existing accountant are :
1. Excessive Costs and for what exactly?
2. Lack of Accessibility - too hard to get an appointment or to discuss issues
3. Lack of Communication - I want a response!
4. Lack of rapport / relationship - what I really want is someone I like, trust and respect / who provides leadership and takes action
5. Lack of knowledge of Small Business - I need advice / benchmarking / solutions to our issues
6. No capacity - to deliver on time and provide expertise
7. I am not aware of the full range of services – do they include Management Accounting / Tax Returns / BAS / Bookkeeping or Business Advice?


Here are the Top 7 Sure-fire Ways To Find & Hire a Good Accountant:

1. Understand exactly what you accounting needs are
2. Establish what your business can afford and what value add you want from your accountant
3. Create a buying criteria - address all 7 key frustrations outlined above
4. Ask for referrals or introduction to an accountant from others
5. Set up an appointment and interview the accountant
6. Ask the accountant for testimonials and ring his / her clients
7. Treat the relationship with your new accountant with the respect it deserves.
     He / she will save you a fortune - at a very reasonable cost

If you need assistance with any of the above talk to Chris at the BEC Ph 1300 368 986 or chris@metrobec.com.au

Webinar March 23rd at 11 am [WA Time] Presented by Chris Gray - Business Advisor and Ross Ludwig CPA

Join us for this "straight to the point" session on how to find & hire a good accountant.
This session is FREE and it could save you thousands of dollars and countless hours of frustration.

Space is limited.
Reserve your Webinar seat now at:
https://www3.gotomeeting.com/register/815152870

After registering you will receive a confirmation email containing information about joining the Webinar.

In our first 'Ask a CPA' Webinar yesterday Ross Ludwig CPA provided some excellent accounting and business advice to both start up and existing business owners. These session will run on a regular basis as we grow our BEC Webinar program.