working ON my business

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I’m sure you’ve heard about the need to work ‘on’ your business as well as working ‘in’ your business. But have you ever stopped to think what exactly you should be doing? First some practical distinctions to compare working ‘on’ and working ‘in’. With the above in mind here are the 5 most important activities […]

If I’m working ON my business what should I be doing?

retirement

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You may love running your business. But in the back of every owner’s mind is the knowledge that one day you’ll need to sell the company and retire. But with global markets in upheaval and the future less certain than ever before, how can you guarantee that your business will be worth enough on the […]

Making your business work for you: making enough to retire

work/life balance

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You started your business to have the freedom of being in charge. But are you actually working harder than ever and drowning in admin, meetings and other demands on your time? Don’t worry, there are ways to get your work/life balance back under control. In this series, we’ll look at the core ways your business […]

Making your business work for you: work/life balance

Laptop and coffee

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If you had to pay tax of more than $5,000 in your last income tax return, you may have to pay provisional tax for the following year. Provisional tax is like paying progress payments on next year’s income tax. The amount you must pay relates to your expected profit for the year. In practical terms, […]

Provisional Tax – how does it work?

cashflow management

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Inadequate cashflow is a symptom of management problems in a business, NOT the cause. Helping our clients look ahead with confidence and putting in place basic cashflow maximisation strategies is core to our purpose as your accountants. Cashflow planning is best practice in any business and critical to survival and growth. Setting cashflow targets and […]

Cashflow Management Coaching – Outline and Benefits 

3 directors

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It’s been a little while since our last newsletter, and we’ve missed connecting with you. But just like a well-balanced ledger, some things are worth the wait! We’ve been busy staying on top of the latest financial news and preparing some valuable insights and tips to help your business thrive. 2023 and 2024 have undeniably […]

August Newsletter from Coastal Accounting

Invoices Phone

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It can feel challenging to chase up payment of invoices when the economy has been down, but it is important to keep cash flowing into your business so you can cover expenses and meet your obligations to others. As with all dealings in more difficult times, some empathy and a lot of open communication can […]

Following up on invoices in a down economy

getting paid online

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One of the best things about online shopping is instant, hassle-free payment. Enter your details, click, and you’re done. If your customers can make instant online payments, they’re likely to pay you more quickly – and they’ll appreciate the simplicity too. The details Online payment methods include credit and debit cards, ACH (Automated Clearing House) […]

How to accept payments online – and why it’s smart

Ideal Customer

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In this series, we will see how three questions for business success are approached and provide some practical tools and techniques for small business owners to answer them. Timeless Questions for Business Owners Since businesses have been in existence, these questions have perplexed most of their owners. Before AI, before the internet, and even before […]

Three questions for business success – Part 1: Ideal Customer

Small Business Loans and Cashflow

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If you received a Small Business Cashflow Loan (SBCS), is your repayment plan on track? The scheme was launched to assist eligible small-to-medium businesses adversely affected by COVID-19. A top-up loan allowed businesses that had already accessed a loan to draw down an additional $10,000 with a new repayment period of five years. Applications could […]

Small Business Loans and Cashflow