Monday morning tip time. It’s probably not a tip, as such, but just a little bit of education. This one is all around PROFIT & LOSS statements. For those who probably don’t really know a lot about profit and loss statements, I’m going to give it a bit of an analogy – Its like a school report card. So, you have a kid that attends… Read More »Profit and Loss Statements, Reasons They Are Important
NOW!!!!! No seriously…….. NOW!!!! Its actually never too early to hire a bookkeeper – my suggestion is always BEFORE a business begins.. That way you get yourself SET UP FOR SUCCESS. Sometimes a business goes through the motion of ticking all the boxes with opening their trading doors, then after a few weeks, or (shame on you) after several months, scrambles around trying to hire… Read More »When Should I Hire a Bookkeeper?
I get asked all the time “so what is the difference” and “why can’t i just get you to do my tax for me”?? One way to remember the difference is bookkeepers RECORD business data and accountants ANALYSE business data. Most bookkeepers’ relationship with their clients is on a weekly or monthly basis, whereas the accountants relationship is less frequent, therefore the bookkeeper is more… Read More »Do You Know The Difference Between A Bookkeeper and An Accountant?
Monday tip time this tip today is about business structures. remove when you have a business, you need to have it set up either as a sole trader or a trust, a company, a partnership, and then all the different levels of different trusts as well. However, a lot of times the business owner will set his business up with not a lot of background… Read More »Knowing the Right Business Structure
Let’s talk about frustrating things that sole traders do. So this tip is for you sole traders and the frustrations surrounding the way that you bank. Please don’t use one bank account for your everyday life —- for your personal stuff for your family expenses, your holidays, all the rest of it and your business as well. Get yourself a second bank account. Sometimes even… Read More »Setting Yourself Up for Success
Happy Monday, everyone, just following up with our Monday morning tips. This morning I’m going to just briefly talk to you about choosing the right software package. If you are moving from one software package to another or you are a new business starting out, the choice of software package is really vital. It can’t be something that you just delve into willy nilly based… Read More »The Right Software Package For Your Business
If you’ve been considering moving your books to Xero, now is the perfect time to do so. The start of a new financial year is the easiest time to make the move because: ** Your revenue and expense accounts reset to nil on 1 July, which simplifies the conversion process. ** You will have a full set of transactions in Xero for your September 2020… Read More »They say a change is as good as a holiday…. well!!!!!!!
In 2021 I am going to be providing you some great information every Monday morning so I would like to welcome any questions. If you have questions regarding GST, Jobkeeper, your employees, what your obligations are, basically anything, please DM them to me or email them through my website and I will attempt to provide answers for you in the following weeks’ video upload. Our… Read More »Monday Tips!!!
LETS TALK ABOUT TAX BABY…. LETS TALK ABOUT YOU AND ME…… LETS TALK ABOUT ALL THE GOOD THINGS AND THE BAD THINGS, THAT MAYBE…… LETS TALK ABOUT TAX… ( are you singing that in your head right now????) “Do you do tax???” It’s a question we get all the time. It occurred to me that small business owners might not know the difference between a… Read More »Tax Tax Baby!!
Did you know, super payments are only considered to be paid for the purpose of claiming a tax deduction once they have been received by the super fund, not the date the Small Business Superannuation Clearing House (SBSCH) accepts them? To ensure you can claim a deduction for the 2019–20 income year, you need to allow processing time for your super payments to be received… Read More »June 30 Looming!!! Want to claim your super??
Then, let Flexible Financial Solutions, your trusted partners, help you with your lending and business needs. We're here to help.
Flexible Financial Solutions is a Commercial & Residential lending and Xero bookkeeping specialist located on the Gold Coast. Our focus is simple; to help you keep track of your financial needs so that you can maintain a strong financial position and focus on growing your revenue and your profit.
Flexible Financial Solutions Pty Ltd (CRN 553675) and Angelique Sheedy has access to a panel of lenders through National Mortgage Brokers Pty Ltd., (ACN 093 874 376 / Australian Credit Licence 391209), which is a fully owned subsidiary of Liberty Financial Pty Ltd (ACN 077 248 983 / Australian Credit Licence 286596). Angelique Sheedy & Flexible Financial Solutions Pty Ltd has access to products including those from Liberty Financial
