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.

Proactive Accountant - Do you have one?

Chris Gray - Friday, August 12, 2011


Just how proactive is your accountant?
Do you meet just once a year to do your tax returns and that's it?
We are seeing many small businesses who pay either a bookkeeper, a BAS agent or tax accountant to do their books.
In extreme cases the business is using a combination of all three; they do not even know each other and all work remotely at considerable expense to the client.
Incredibly the small business owner still has no real idea about the performance or real financial position of the business.
How can this be you ask?
Simply put there is no one on watch - busy yes, accountable no. Adding value to clients business - hardly.
In very many cases the process of accounting for a small business is extremely inefficient, expensive and of very low value to the business. In the background there is a very substantial real cost to the owner of the business who is sponsoring the business through long hours and having their equity position eroded.
In many cases this situation arises from a lack of knowledge - you don't know what you don't know.
The smart thing to do would be to ask someone that does to address this most urgent of situations. 

Small Business - Survival of the fittest - Will your business be one of them?

Chris Gray - Tuesday, August 09, 2011


Small Business will be survival of the fittest.
The last 6 weeks has seen an increase in business seeking advice as a result of a down turn in sales of their product or service.
However, when examining more closely what has transpired it is readily apparent that the result we are seeing today are the direct outcome of the lack of actions that should have been taken place 12-24 months ago. There has been a failure to implement sound advice, good strategic decisions or worse a failure to understand the financial reports that were making the lack of business performance very, very clear.
The number #1 issue in many cases is that the financial position of the business has deteriorated to the point of no return and little can be done to rectify the situation when no further funding is available to trade out of the situation.
This then brings a host of new issues that small business owners and company directors should be aware of but often are not, of their responsibilities as a director particularly in regard to insolvent trading, Div 7 loans [company to director] and liabilities of directors in regards to PAYG withholding payments and soon to be Super payments. 
If this is starting to resonate with you about your business or you know of a small business heading into a similar situation - the solution is take advice fast!



Trusted Business Advice essential to your business success

Chris Gray - Thursday, July 07, 2011


Trusted Business Advice.
The value of trusted business advice to your business can not be understated. Time and again we see business outcomes that have cost a bomb and could have been so easily avoided. Just 10% of the same cost could have had the business and the owner in a vastly different place, given what they now know!
Success in small business is a well trodden path and there are many experienced business practitioners available who are only too willing to share their knowledge, experience and expertise to ensure that the path that you are going to take is going to be one that rewards your endeavours. A great place to start is here at the BEC where we have more than 30 years of valuable experience to add more profit to your bottom line.

Small Business WA - Management Capability

Chris Gray - Thursday, July 07, 2011


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.

BUSINESS WOMEN'S FORUM 13/07/11

Chris Gray - Monday, July 04, 2011


Telephone and Email Etiquette

THREE SECONDS...

Thats the time it takes your potential customers to form a lasting impression of your business over the telephone.

For the caller, this becomes their reality and will determine their attitude and whether or not they choose to do business with you.

You never get a second chance to make a first impression

CRUCIAL QUESTION ... is it important to your bottom line that YOU or your front-line staff:
• Have the confidence and skill to manage all types of customers, including the really challenging ones?
• Take ownership of customer needs?
• Build stronger relationship with customers?
• Recognise the value of customer grievances as constructive feedback?
AN EVEN MORE CRUCIAL QUESTION ... Do you know how your business is experienced in the eyes of your customers?

Ava Lucanus from Edge Telephone Training helps businesses Australia wide to positively create that crucial first impression and is delighted to share with you her top three tips for micro and home based businesses.

For more information or to book your place go to Events

Small Business Advisors Perth

Chris Gray - Thursday, June 30, 2011


Small Business Advisors - Perth
Have you got one? If you are a small business owner and you do not regularly use the services of a good small business advisor you are selling yourself short. You could dramatically improve the performance of your business using the hard earned skill, experience  and expertise of an advisor who has earned their stripes with direct hands on business experience at a fraction of the cost to you.

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

What are you doing this weekend? Bookkeeping?

Chris Gray - Thursday, June 23, 2011


For most of us in small business the answer to that is that you are catching up on administration and, in particular, BOOKKEEPING.

If your tap leaks you call a plumber, you take your car to the mechanic to be serviced. Why do you still struggle with your bookkeeping when we can take care of it for you?

What we offer is:

• one day per month dedicated to your bookkeeping, or more if necessary;
• access to your data 24/7;
• management accounting advice, to help keep your business on track;
• BAS report preparation and lodgement;
• Tax advice
• Tax return preparation and lodgement.

So, regain your weekends with the family. Stop the anxiety of completing your bookkeeping and BAS, let us take care of it for you.

Take back your life today – call 9351-5800 and make an appointment with Chris Gray to discuss your needs.
 

It’s Almost Tax Time

Chris Gray - Thursday, June 16, 2011


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.


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