Tradies Accountant Blog

Financial Planning for the Holiday Break

December 6, 2018 | by Natalia Atapina

There is so much to organise to be ready to close up shop over the holidays. Planning and scheduling now can save you a lot of headaches on your return and save you disruptions throughout your break.

In Bookkeeping, Budget, Business, cash flow, Planning, Profit and Loss, Spending

Illegal Phoenix Activity

October 29, 2018 | by Kelly Horsfield

In Blog, Business, business advice, industry update, QBCC

PROJECT BANK ACCOUNTS - UPDATE

September 26, 2018 | by Kelly Horsfield

Following on from last month’s newsletter article in relation to the QBCC’s new legislation on Security of Payment, this month we will look in depth at Project Bank Accounts (PBAs). A PBA is a set of three trust accounts where funds are held in trust for head contractors and subcontractors until payments are due, as part of a building project.

Phase One of PBAs began from 1 March 2018 on State Government funded projects valued between $1 million and $10 million (including GST). Following successful implementation, PBAs will be required on all building projects with a contract value of more than $1 million (including GST) in 2019. PBAs will not apply to engineering and infrastructure projects including bridges, roads and ports, unless ‘building work’

In Business, industry update

Are you eligible for government grants?

September 25, 2018 | by Bryn Harwood

The government is currently offering grants to help small businesses owners grow their business. These grants can be used to help fund the development and growth of your business. The funding just requires an application to the relevant body once you are satisfied you meet the criteria. There are different grants available for specific purposes. The most relevant ones for Trade businesses owners are highlighted below.

In Business, business growth strategies, industry update, New Legislation

New Legislation for Security of Payment

August 29, 2018 | by Kelly Horsfield

The Queensland Government has introduced new reforms to improve security of payment in the building and construction industry.

In Business, industry update, QBCC, New Legislation

New GST Withholding Regime

June 19, 2018 | by Natalia Atapina

From 1 July 2018 a new "GST withholding" regime commences whereby buyers of new residential premises or potential residential land will be required to withhold and remit GST portion of the sale price directly to the ATO.

In reporting, Business, Tax Law, Compliance, GST

10 BIGGEST FINANCIAL MISTAKES BUSINESSES IN THE TRADE INDUSTRY MAKE

May 14, 2018 | by Ralph Wilson

In Insider, Accountant, Management Software, Accounting, Bookkeeping, Brisbane Bookkeeping, Business, business growth strategies, Profit and Loss, Risk Management, sales, small business, Systems, Tradies Tax, finance, quote, business advice, strategy, quickbooks, quoting, preparation, changing accountants, profit margin, consulting, cloud solutions, industry update

Focus on Business Growth Using Cloud Technology

February 26, 2016 | by Natalia Atapina

Whether you’re just starting up, or have an established business, it is easy to fall into the trap of having to do and control everything yourself. Being the ‘jack of all trades’ limits your time and ability to make quality management decisions. Having your business accounting software online will enable your business to transform, grow and to compete with giants in your sector.

In Xero, Bookkeeping, Business, cash flow, Cloud Accounting, small business

The 8 Steps of a Sales Process

November 11, 2015 | by Natalia Atapina

There is no “One Way” to design a sales process. There are many options, however considering that most businesses have no process at all, take on the one below as a starting point. The 8-step process below has proved to be successful in hundreds of businesses. You can then fine tune and tweak it to make it work for your business.

In Business, Planning, sales, small business, Systems

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