What your accountant doesn’t tell you: Here’s why business owners have the edge in tax savings
Small business owners get the best tax deals in Australia. Here’s how we optimise our tax structure at SBO – and how you can do the same.
Featured Blog
The rules of the game: A financial teardown of Games Workshop
Here’s why Games Workshop and the Warhammer franchise may be the best capital compounding business machine you’ve never heard of.
The hidden profits in pallets: A financial teardown of Brambles
Take a look around your house. Every item of furniture you own, every product in your pantry, every material of your house construction would have been transported, at some point, on a wooden pallet. The humble pallet is the vessel that transports $trillions of goods around the globe. The design hasn’t changed in decades. It’s…
The economics of accounting firms: A financial teardown of Kelly and Partners
I didn’t become an accountant because I’m good with numbers. Despite the stereotype, my mental math is terrible. I need Excel to do basic arithmetic. I gravitated towards accounting because I love the money side of business. I love uncovering how much profit a business makes. What the margins are. How minted the owners are.…
Catchoftheday: A financial teardown
I’ve recently returned for my first international holiday since COVID – a hiking trip in the Canadian Rockies with the family. For the first time since I can remember, I intentionally switched off from work. I turned on my ‘OOO’. Deleted all work apps from my phone. “Lost” my passwords. I couldn’t even login to…
Why I walked away from buying a 7-figure vending machine business
Forget Bitcoin – vending machines are where the riches are at. Here’s how I almost bought a vending machine business.
How to prepare your business for an economic downturn
You’ve probably noticed there’s a bit of doom and gloom around the economy at the moment – but it doesn’t have to be a dark time for your business. Here’s how you can prepare for the challenge ahead.
What are the best digital checkout options for small businesses?
Here’s a selection of the main Buy Now Pay Later options, what they do, and what it will cost small businesses to use them.
What’s Your MVL (Minimum Viable Lifestyle)?
MVL, or Minimum Viable Lifestyle, is a term I first coined when I started my business to help calculate the minimum amount of money I could live on without racking up debt. Here’s how to calculate yours.
The two killers of your ecommerce profits
While it might seem easy to leave these off your sales tally, here’s why you should be paying more attention to discounts and returns.
Four practical alternatives to discounting
Discounting can be destructive to your business. Here are four alternatives to improve sales without lowering your prices.
Why discounting is killing your ecommerce business
Discounting is a dangerous habit that is entrenched in most online businesses. Here’s what happens when you discount, and why you should stop.
What’s a good gross profit margin for my ecommerce business?
The best businesses in the world have strong gross profit margins. Here’s how to calculate yours and check your financial health.
How much is your time worth as a business owner?
Understand the true value of your time so you can stop working in your business and start working on your business.
Why you should hold your business for the long-term: The lucrative strategy of capital compounding
“If you own a wonderful business…the best thing to do is keep it. All you’re going to do is trade your wonderful business for a whole bunch of cash, which isn’t as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So…
What your accountant doesn’t tell you: Here’s why business owners have the edge in tax savings
Small business owners get the best tax deals in Australia. Here’s how we optimise our tax structure at SBO – and how you can do the same.
The rules of the game: A financial teardown of Games Workshop
Here’s why Games Workshop and the Warhammer franchise may be the best capital compounding business machine you’ve never heard of.
The hidden profits in pallets: A financial teardown of Brambles
Take a look around your house. Every item of furniture you own, every product in your pantry, every material of your house construction would have been transported, at some point, on a wooden pallet. The humble pallet is the vessel that transports $trillions of goods around the globe. The design hasn’t changed in decades. It’s…
Tax-free electric cars? What you need to know about the fringe benefits tax exemption for electric vehicles
By Andrew Law (Head of Tax) and Simon Davis (Head of Business Development) This article was updated on 27 February 2023. It’s not often that tax legislation gets anyone’s motor running, but a new bill from the Federal Government that exempts electric cars from fringe benefits tax (FBT) has people talking – and it might…
Recipe for success: How we simplified the numbers for Healthy Food Crew
When Brian Nasr started his small food manufacturing business Healthy Food Crew in 2017, he had no idea how to make sense of the numbers. But for many small business owners, getting someone else to look after your finances can be a bit daunting. Here’s how we catered to Healthy Food Crew’s needs by simplifying…
Home truths: A financial teardown of Brosa
Furniture and homewares retailers are getting crushed right now. Made.com, the UK’s publicly listed furniture store, stopped taking orders last month, citing solvency issues. Interiordefine, a custom online furniture retailer in the US, entered voluntary administration last month. And Brosa, the Australian online furniture retailer, entered voluntary administration last month, and was acquired by Kogan.…
Boxing Day sales are a doozy. Do this instead.
‘Tis the season for sales, and Boxing Day is one of the biggest shopping events of the year. For most retailers, this post-Christmas financial injection is critical to their bottom line, and discounting is an ideal way of attracting new customers and boosting sales. The problem with discounting is that a lot of marketers don’t…
How we helped TradeMutt get on the (financial) tools
TradeMutt is Australia’s biggest social impact workwear company. But while their vibrant clothing designs have kickstarted plenty of conversations about mental health, it was their financial health that needed a little bit of guidance. Here’s how we helped level them out. The company More than just a brand, TradeMutt is a movement that’s helping to…
The best-laid plans: Adjusting your expectations as the financial year unfolds
They say life is what happens when you’re busy making other plans, and that’s certainly true when it comes to your cash flow plan. Believe it or not, we’re already almost halfway through the financial year. The second half of the year is shaping up to be an eventful one – and if you spend…
Christmas tax tips: How to minimise your tax bill for corporate gifting and spending
The festive season is synonymous with corporate spending, so here are a few tips to help you avoid the ‘gift’ of a heaving EOFY tax bill. ‘Tis the season to whip out the corporate credit card, shout a round for your favourite clients and treat your employees to an epic end-of-year celebration – and…
How Afterpay earns its margin
I have a love-hate relationship with Afterpay. The patriotic version of me is proud to see an Aussie fintech unicorn taking on the world. A brand that is changing the way consumers use credit. On the flip side, the fiscally responsible accountant in me despises it. A company that profits by promoting consumerism to…