Clarke & Brownrigg

🧑🏼‍💻 Self-Managed Superannuation Funds provide a unique wealth growth opportunity and have proven to be effective in insulating business owners from commercial risk.

Transparency with investments, lower administrative costs, and mindful integration with your broader taxation strategies are powerful arguments for considering an SMSF.

If you are interested in working with us to consider the potential for a Superannuation Fund within your taxation strategy, read in detail about this service and book a complimentary discovery meeting today.
👉https://clarkeandbrownrigg.com.au/services/self-managed-superannuation/

You know you have to generate a profit to survive. However, it is the small, sometimes non-monetary goals that often contribute to financial success.

Keep in mind that not all goals are financial in nature. Instead, the short-term goals set are designed to help you establish an ecosystem that ultimately creates the environment for long-term financial success.

Establishing tactics that help you reach your ultimate goal becomes extremely important.

🙋‍♂️We're always here to help with that!
https://clarkeandbrownrigg.com.au/2021/02/10/financial-goal-setting-for-your-business/

Thanks, Terry! We are proud to have loyal customers satisfied with our services! 🔥

Check out what else our clients say about us right here 👇
https://clarkeandbrownrigg.com.au/client-stories/

As a business owner, it’s often easy to get caught up in running your business with just one financial goal in mind: sales revenue.

However, you started your business with a product or service designed to earn profit. Revenue itself is not a financial goal. Instead, financial goals provide you with tangible, measurable milestones you can set to reach your full potential.

Having the guidance of trusted small business accountants in Adelaide is the best way to set realistic financial goals you are destined to meet.

These goals should not only be realistic but also measurable. When you can monitor your progress, you can adjust your goals as you grow. Here we look at the topic of financial goal-setting for a business which may provide the drivers for your success."

Continue reading here: ⤵️
https://clarkeandbrownrigg.com.au/2021/02/10/financial-goal-setting-for-your-business/

👩‍🏫 Women's participation in business is critical for Australia's post-COVID economic recovery.

💁‍♀️ However, just 22% of startup founders are female, and women possess only 31% of total companies in Australia.

ℹ Smart Company

💡 You established your company with a great story, perfect product, or service that requires your attention and focus.

🤯 However, if you spend all of your time worrying about cash flow, you won't be able to focus on satisfying consumer demands or doing what you love.

⚠️ You're not in business to be a bookkeeper or accountant.

🙋‍♀️ Our Cloud & Technology-Driven Accounting services provide a solution that allows you to know and understand your company's financial position throughout the year, not just at tax time.

Learn more about our service: 👇
https://clarkeandbrownrigg.com.au/services/cloud-technology-driven-accounting/

📑 You may evaluate facts in real-time using real-time financial data.

✅ Because it has a favourable influence on performance, it has become vital to enterprises.

🚀 Accountants and managers have improved insight to make judgments and, more crucially, act proactively when they can track performance on a "minute by minute" basis.

Please do not hesitate to contact us if you want to understand which strategy is best for your firm:
📌 https://clarkeandbrownrigg.com.au/contact/

Michael, thank you for sharing your thoughts with us! 🙏

We're grateful you've been a client for so long, and we want to continue on this path with you. 🤝

Read more of our clients' stories: 👇
https://clarkeandbrownrigg.com.au/client-stories/

Sometimes a small business takes off so quickly one can find yourself floundering to keep up with your own success!

While this may seem an ideal scenario rather than something to complain about, if you don't quickly gain control of your accounting systems, you could find yourself struggling with adequate financial control.

The best way to prepare yourself for all eventualities is by setting up an effective accounting system for your new company or other trading entity correctly from “Day One”.

Here we review how to set up an accounting system for a new trading entity in order to correctly understand your performance, keep control and meet your reporting and taxation compliance obligations.

Read more about it here: ⬇️
https://clarkeandbrownrigg.com.au/2021/02/11/setting-up-your-accounting-system-correctly-from-day-one/

✍️ Businesses reported on revenue changes in the previous month and predicted changes in the next month.

📉 In February 2022, less than a quarter of firms (23%) reported a reduction in revenue over the previous month. This compared to two-fifths of enterprises (41%) in January 2022.

Source: Australian Bureau Of Statistics

👨‍💼 We are experts in providing professional, high-quality auditing services to small and medium-sized businesses (SMEs).

💁‍♂️ We've helped hundreds of small businesses, including corporations, partnerships, and trust accounts for land agents, lawyers, and conveyancers, as well as private ancillary funds and government grant acquittals.

Find more about us: ➡️ https://clarkeandbrownrigg.com.au/services/audit/

🤩 Thank you for sharing your feedback with us, Terry!

We are delighted you've been our client for so long, and we hope to keep on this journey together. 🤝

Read more reviews about us: 👇
https://clarkeandbrownrigg.com.au/

☁️ With the progress of cloud technology, more and more businesses are adopting it.

On average, companies with cloud accounting can handle five times more clients than businesses without cloud accounting. 🌟

ℹ Viewpost

👪 "A family business sale can be marred with nuances that can create issues if not handled with the right mix of tact and forward planning.

Feelings of entitlement, sibling rivalry, emotional attachments, and unskilled family members are some of the challenges you may find yourself up against.

That’s why you should be more tactful when making a family business sale." 🧐

👉 Keep reading to find out more:
https://clarkeandbrownrigg.com.au/2022/02/15/7-considerations-when-selling-a-business-to-a-family-member-or-related-party/

😰 Making a mistake is the biggest fear of self-employed contractors who do their accounting.

The completion time length and the complexity of the process are also sources of concern. 💡

To avoid all of these problems, the best thing you can do is hire a professional accountant to help you with your business' finances. 👨‍💼

Source: AccountancyAge

💸 Evaluating your business' finances is crucial.

We gathered some of the most common indicators you should pay attention to:
🔹 Net Cash Flow
🔹 Working Capital
🔹 Break-Even Point
🔹 Profit and Loss Statement
🔹 Balance Sheet

🧐 Learn more about it here:
https://clarkeandbrownrigg.com.au/2022/02/17/evaluating-business-financials-what-to-check-and-how-often/

🏬 Australia is a nation of small businesses.

However, only half of the new businesses survive after four years. This is due to many factors, such as economic times and lack of financial planning. 💡

ℹ McCrindle

📝 The implementation of an effective estate plan is a necessary fact of life. Proper planning requires a structured process tailored to each family’s particular circumstances.

That’s why our Family, Estate & Succession Planning Service maps out your business succession strategy while incorporating concepts to minimise tax exposure as part of the process. ✅

📌 Learn more about it here: https://clarkeandbrownrigg.com.au/services/family-estate-succession-planning/

💰 Every company needs to invest in the business once in a while to grow.

By consistently tracking expenses and revenue, the business can identify the best time for significant investments and establish the credit it may need to cover the cost. ✅

You must plan everything you'll need for the investment. 😉

👀 Would you like to shrink your annual tax bill legally? Then our Tax Planning Service is perfect for you! ✨

Tax planning allows you to sensibly ensure a reduction of tax liability across the family unit without overstepping the boundaries of Australian tax laws. ✅

👉 Learn more about it on our website: https://clarkeandbrownrigg.com.au/services/tax-planning/

✍️ Every business must pick a set of rules for determining when to report income and expenses. This provides a consistent accounting method for tax purposes.

In general, small businesses can choose between accrual accounting and cash basis accounting. 📝

📌 If you want to learn which method is better for your company, don't hesitate to contact us:
https://clarkeandbrownrigg.com.au/contact/

🙌 Thank you for such nice words, Maria.

🏆 Our goal is to work successfully with our clients and keep them satisfied with every project!

Read more reviews here:
👉 https://clarkeandbrownrigg.com.au/

📈 Cloud accounting statistics show that businesses that have cloud bookkeeping in place note, on average, a 15% y-o-y revenue growth.

☝️ This highlights the importance of cloud-hosted accounting solutions.

☁️ A study conducted by Xero established that companies with cloud accounting could handle five times more clients than businesses without cloud accounting.

ℹ Viewpost

🤔 "While tax rules are complicated and every business and family has a different situation, knowing how to use tax planning properly helps you keep more of your hard-earned income.

You can choose to use all of these methods or focus on the ones that help you meet your specific goals. Adelaide Tax Advice is important for small business owners as it is the best way to minimise the impact of tax exposure."

Click here for the entire article:
🔗 https://clarkeandbrownrigg.com.au/2021/02/11/the-importance-of-tax-planning-in-keeping-more-of-what-you-make/

👩‍💻 49% of accountants have formally examined their business practices in the past year. This is in relation to customers and the evolving marketplace.

➿ A further 26% have formally examined their business practices in the past five years. All the signs point to a professional building for the future.

ℹ Sage

⌛ The benefits of employing full accounting automation go beyond saving time.

💵 Such solutions also save accountants and companies money.

📃The investment pays for itself in up to 18 months and saves up to $16 per invoice.

📉 Automation further minimizes the chances of human errors and inaccurate calculations.

Source: Sage

💭 "A self-managed super fund (SMSF) is just that: a private super fund managed by the members. You have the ability to choose the investment strategy and consider any requirements for insurance.

While SMSFs can really help contribute to wealth creation, they do come with some responsibilities along with the added benefits and can be tricky if you don't have any investment experience."

Learn more about this topic:
🔗 https://clarkeandbrownrigg.com.au/2021/02/11/the-role-of-self-managed-superannuation-in-the-wealth-creation-process/

👔 Flexi’s cloud accounting statistics also conclude that most accountants prefer cloud accounting.

☁️ Unlike on-premise software, cloud-hosted solutions reduce operating expenses by up to 50%.

Moreover, 58% of enterprises are already using this type of service.

➡️ Switching to cloud accounting has boosted revenues for accounting businesses by 15%.

ℹ Flexi

☁️ Our Cloud & Technology-Driven Accounting services provide a solution that lets you know and understand the financial outlook of your business.

🙌 The result? Proactive accounting that keeps you looking ahead while still meeting the needs of your business today.

Start using our accounting services now:
➡️ https://clarkeandbrownrigg.com.au/

💵 Using financial projections and reports—like a common size analysis or general profit and loss statement—you can estimate where your company will be the following year and even two or three years down the road.

📊 Financial projections can help you figure out where to invest business revenue and whether and when you'll need to start applying for a business loan.

💰 Sitting down with your accountant or using accounting software are the best ways to develop realistic financial projections.