Business Advice


I want to be able to understand what the numbers mean to my business.


We keep getting conflicting advice. We just need the facts.


I just don't have the time to cope with all the paperwork.

South East Metro Business Enterprise Centre Inc

Chris Gray - Sunday, August 28, 2011


South East Metro - Business Enterprise Centre Inc - a one stop shop small business advice centre
The Business Enterprise Centre (BEC) is a not-for-profit organisation that provides quality, low-cost advice to start-up and established businesses. The centre is located in Welshpool, Western Australia, and is part of a national network of 110 Australian Business Enterprise Centres. The BEC has operated for over 15 years and is partially funded by the Australian government.

South East Metro Business Enterprise Centre Inc - small business advice centre - Perth, WA

Chris Gray - Sunday, August 28, 2011


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 for great business and accounting advice?

Chris Gray - Thursday, June 30, 2011


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

Chris Gray - Thursday, June 30, 2011


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 Government Audits, Reviews and Investigations

Chris Gray - Thursday, June 02, 2011


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.

Small Business & the ATO

Chris Gray - Thursday, May 12, 2011


Many small businesses need a reality check on how they manage the compliance requirements of the ATO in regard to their business and personal tax returns. I raise this as in the course of our business advising and accounting work we see lots of issues.
During the GFC the Federal Govt and the ATO were very proactive in assisting small business to weather the storm.
Part of the assistance was provided by way of payment arrangements on BAS payments due for BAS's lodged on time.
This was provided across the board to all businesses. This included even businesses that were being poorly run, lacked proper recording systems and that were heavily reliant on non payment of creditors including the ATO due to inadequate cashflow management, that had little to do with trading conditions.
Any small business relying on this for it's very survival needs to seriously reconsider their business strategy.
Businesses are now operating in a vastly different climate and using past practices will not get you by. 
Small business please be aware the honeymoon is well and truly over.
The ATO is now being very proactive in communicating with small businesses over late lodgement and late payment of BAS's, Payment Summaries, FBT reporting and tax returns and penalties are being applied.
Businesses need to be more accountable in a timely manner. The benefit is that with the same up-to-date financial information there is an opportunity to make real improvement in the business performance.

  


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