Why Recharging is Crucial for Business Owners As Christmas approaches, the hustle and bustle of the season mirrors the pace many business owners maintain year-round. We all know someone – or maybe we’ve been that someone – who seems to have endless energy, constantly juggling tasks, pushing forward, and chasing goals. But at what cost? […]
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With Christmas just around the corner, many business owners are already grappling with Christmas cash flow challenges. As the festive season approaches, managing cash flow becomes increasingly pressing. A Christmas shutdown can strain cash reserves, as income slows or stops altogether while expenses like rent, wages, and loan repayments continue. For small and medium-sized businesses, […]
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Christmas is a magical time, and no one knows how to manage the season better than Santa Claus himself. With a global operation, a team of elves, and a tight deadline, Santa runs one of the most complex “businesses” in the world. But how does he keep it all together – especially financially? This year, […]
Read More… from How Santa Manages His Cash Flow: Lessons for Your Business
The holiday season is a joyful time for many, but for business owners, it can also be a source of significant financial stress. Balancing reduced income with ongoing expenses like wages, rent, and supplier payments can be challenging, especially during a Christmas shutdown. However, with the right blend of technology and teamwork, you can minimise […]
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As a small business owner, keeping up with superannuation compliance is more important than ever. With the Australian Taxation Office (ATO) tightening its monitoring systems, staying on top of super payments isn’t just good practice – it’s essential! Here’s a rundown of what’s changing, why it matters, and the steps you can take to stay […]
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As a small business owner, you might have noticed the ATO debt collection took a back seat on during COVID-19. However, things have changed. We’ve seen the ATO switch gears towards a more proactive approach to collecting unpaid GST, PAYG and superannuation. It’s essential to stay ahead of these changes to avoid financial stress and […]
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Cash flow is the lifeline of any business, and maintaining a healthy flow of funds is crucial for sustainable growth. At Blackwood Bookkeeping, we understand that managing cash flow effectively goes beyond keeping track of numbers – it directly impacts the well-being of business owners. Let’s dive into why cash flow matters and how we […]
Read More… from Eradicating Financial Stress Through Cash Flow Clarity
I recently had the opportunity to attend this year’s Xero Roadshow, and the theme that stood out was “Doubling Down on Purpose.” This year, it was all about how we can leverage technology to articulate our value to clients more effectively while reconnecting with the core reasons we chose this profession in the first place. […]
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When you run your small business, you’re probably wearing a number of hats and juggling lots of plates. That makes it tempting to let some tasks slide, especially tasks that are related to your business finances, which can be challenging and often outside your skill set. Here’s our top tips for managing your business finances, […]
As a business owner, you’ll need to stay informed about your finances and your financial situation. You do this through bookkeeping. Bookkeeping is the process of recording transactions in your business. This includes any transactions, credit card charges and any other financial activity that happens within your company. How good bookkeeping helps you Bookkeeping is […]
Reflecting on 22 Years of Growth, Challenges, and Exciting New Beginnings After 22 years of running Miss Efficiency, we’re excited to announce a new beginning – Miss Efficiency has been acquired by Blackwood Advisory and has become Blackwood Bookkeeping. It’s been a remarkable and challenging ride, filled with ups and downs, milestones, and countless lessons […]
If you’re a contractor, it can be challenging to manage a hectic schedule and complex projects, all while ensuring your paperwork, documents, and contracts are in order; which is where good construction project management tools come into play. It’s important to keep a paper trail of your work and practice due diligence. Keeping all your […]
As small business owners, we pour our hearts and souls into our business, often spending countless hours dedicated to our passion, and it can be difficult balancing business and joy. Business can become all-consuming, leading to tunnel vision and burnout, where we forget about other things that once brought us joy and balance. While being […]
As a small business owner, juggling multiple responsibilities is the norm. With June 30 fast approaching, understanding superannuation can save you a lot of headaches and potentially a lot of money. Let’s dive into the key aspects of superannuation you need to be aware of before the end of the financial year. Annual contribution limits […]
Read More… from Proactive superannuation planning: what you need to be aware of before June 30
In the world of small business, positive cash flow is king. It’s the driving force that keeps your business engine running smoothly. But what happens when more money is going out than coming in? Cash flow problems can threaten the survival and growth of your business. Here’s some things you can do to ensure you […]
Do you want to successfully navigate year end? I hope so! In this webinar we’ll give you essential insights and strategies for optimising your business’s financial health. Learn how to accurately close your books, maximise opportunities, and set your business up for success in the coming year. Don’t miss this opportunity to ensure your books […]
As a small business owner, it’s a constant juggling act between how you can improve financial operations, increase revenue, improve profit, grow the cash. I recently returned from a business development week in Hobart that was full of learning, discussions, brainstorming, and invaluable insights into strategies for growth and improvement. The energy of the event […]
In the heart of every entrepreneur lies a fighter, whether they know it or not. My adventures through both the entrepreneurial and boxing worlds have unveiled some similarities between stepping into the ring and steering a business to success. Both arenas require resilience, skill development, and an unyielding commitment to fight for success, while being […]
Read More… from The Fight for Success: The Business Boxing Match